Alyeska Investment Group L.P. Makes New Investment in GDS Holdings Limited (NASDAQ:GDS)

Alyeska Investment Group L.P. acquired a new position in shares of GDS Holdings Limited (NASDAQ:GDS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 129,178 shares of the company's stock, valued at approximately $3,069,000. Alyeska Investment Group L.P. owned about 0.07% of GDS at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. PNC Financial Services Group Inc. boosted its holdings in GDS by 26.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company's stock worth $75,000 after buying an additional 672 shares in the last quarter. Wells Fargo & Company MN boosted its position in GDS by 1,904.2% during the fourth quarter. Wells Fargo & Company MN now owns 3,788 shares of the company's stock worth $90,000 after purchasing an additional 3,599 shares in the last quarter. Blue Trust Inc. grew its holdings in GDS by 121.9% in the fourth quarter. Blue Trust Inc. now owns 5,557 shares of the company's stock valued at $132,000 after purchasing an additional 3,053 shares during the last quarter. LPL Financial LLC purchased a new position in shares of GDS in the fourth quarter valued at $310,000. Finally, Bank of Montreal Can acquired a new position in shares of GDS during the 4th quarter worth $428,000. Institutional investors and hedge funds own 33.71% of the company's stock.

GDS Price Performance

Shares of NASDAQ GDS traded up $2.84 during midday trading on Monday, reaching $28.29. The company's stock had a trading volume of 839,050 shares, compared to its average volume of 3,246,532. The company has a market cap of $5.39 billion, a price-to-earnings ratio of -9.28 and a beta of 0.28. GDS Holdings Limited has a one year low of $7.35 and a one year high of $52.50. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25. The company has a 50 day moving average price of $26.43 and a 200 day moving average price of $25.49.

GDS (NASDAQ:GDS - Get Free Report) last issued its quarterly earnings results on Wednesday, March 19th. The company reported ($0.10) earnings per share for the quarter, topping analysts' consensus estimates of ($0.27) by $0.17. GDS had a negative return on equity of 8.22% and a negative net margin of 35.97%. The firm had revenue of $425.13 million for the quarter, compared to analysts' expectations of $3.11 billion. During the same quarter last year, the business posted ($2.16) EPS. GDS's revenue was up 9.1% on a year-over-year basis. On average, equities research analysts expect that GDS Holdings Limited will post -0.89 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on GDS shares. Citizens Jmp raised shares of GDS to a "strong-buy" rating in a report on Monday, January 27th. Daiwa Capital Markets raised shares of GDS from a "neutral" rating to a "buy" rating in a research report on Tuesday, February 11th. Jefferies Financial Group raised shares of GDS from a "hold" rating to a "buy" rating and set a $45.00 price target on the stock in a research note on Tuesday, March 18th. Citigroup restated an "outperform" rating on shares of GDS in a report on Thursday, March 20th. Finally, StockNews.com cut GDS from a "hold" rating to a "sell" rating in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $39.48.

GDS Profile

GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services.