Beryl Capital Management LLC Acquires Shares of 40,999 GDS Holdings Limited (NASDAQ:GDS)

Beryl Capital Management LLC bought a new position in GDS Holdings Limited (NASDAQ:GDS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 40,999 shares of the company's stock, valued at approximately $974,000. GDS makes up about 0.2% of Beryl Capital Management LLC's holdings, making the stock its 29th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GDS. American Century Companies Inc. raised its holdings in GDS by 509.6% during the 4th quarter. American Century Companies Inc. now owns 2,323,482 shares of the company's stock valued at $55,206,000 after buying an additional 1,942,341 shares during the period. Aspex Management HK Ltd boosted its stake in shares of GDS by 23.0% during the 4th quarter. Aspex Management HK Ltd now owns 4,926,727 shares of the company's stock worth $117,059,000 after purchasing an additional 922,709 shares during the period. Waterfront Capital Partners LLC grew its stake in shares of GDS by 316.3% during the fourth quarter. Waterfront Capital Partners LLC now owns 970,199 shares of the company's stock valued at $23,052,000 after buying an additional 737,125 shares during the last quarter. JPMorgan Chase & Co. grew its position in GDS by 7,553.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 610,821 shares of the company's stock valued at $12,461,000 after acquiring an additional 602,840 shares during the last quarter. Finally, APG Asset Management N.V. purchased a new position in GDS in the 4th quarter worth about $9,673,000. Institutional investors own 33.71% of the company's stock.

Wall Street Analysts Forecast Growth

GDS has been the subject of several recent research reports. Citizens Jmp upgraded GDS to a "strong-buy" rating in a report on Monday, January 27th. Raymond James raised shares of GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 price target for the company in a report on Thursday, March 20th. Citigroup reissued an "outperform" rating on shares of GDS in a research report on Thursday, March 20th. Jefferies Financial Group raised GDS from a "hold" rating to a "buy" rating and set a $45.00 target price on the stock in a report on Tuesday, March 18th. Finally, StockNews.com cut shares of GDS from a "hold" rating to a "sell" rating in a report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $39.48.

GDS Stock Performance

Shares of NASDAQ:GDS opened at $28.10 on Friday. The business's 50 day moving average price is $27.42 and its 200-day moving average price is $25.29. GDS Holdings Limited has a 1 year low of $7.35 and a 1 year high of $52.50. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market capitalization of $5.35 billion, a PE ratio of -9.21 and a beta of 0.28.

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

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.

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