Chindata Group (NASDAQ:CD – Get Free Report) issued its quarterly earnings results on Thursday. The company reported ($0.02) earnings per share (EPS) for the quarter, Zacks reports.
Chindata Group Stock Up 22.7%
Chindata Group stock traded up $1.40 during trading hours on Thursday, hitting $7.57. The stock had a trading volume of 174,016 shares, compared to its average volume of 77,739. Chindata Group has a 12-month low of $1.38 and a 12-month high of $36.77. The stock’s 50-day moving average price is $5.05 and its 200-day moving average price is $6.03.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of CD. Geode Capital Management LLC purchased a new position in Chindata Group in the fourth quarter worth about $2,642,000. Intech Investment Management LLC purchased a new position in Chindata Group in the fourth quarter worth about $81,000. Goldman Sachs Group Inc. purchased a new position in Chindata Group in the fourth quarter worth about $533,000. Nuveen LLC purchased a new position in Chindata Group in the fourth quarter worth about $408,000. Finally, New York State Common Retirement Fund purchased a new position in Chindata Group in the fourth quarter worth about $51,000. 30.82% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
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About Chindata Group
Chindata Group Holdings Limited provides carrier-neutral hyperscale data center solutions in Mainland China, India, and Southeast Asia. It offers artificial intelligence, cloud computing, smart cities and homes, online entertainment, and other on-demand services. The company also provides internet data center colocation and rental services; and technical and consulting services. Its integrated data center solutions include infrastructure, power supply, connectivity and operation and maintenance, and tailor-made to their scale and requirements throughout the planning, design, construction, and operation process.
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