Driehaus Capital Management LLC Purchases 1,221,289 Shares of GDS Holdings Limited (NASDAQ:GDS)

Driehaus Capital Management LLC increased its holdings in shares of GDS Holdings Limited (NASDAQ:GDS - Free Report) by 195.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,845,623 shares of the company's stock after buying an additional 1,221,289 shares during the period. Driehaus Capital Management LLC owned about 0.97% of GDS worth $43,852,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Bamco Inc. NY raised its position in shares of GDS by 10.5% during the fourth quarter. Bamco Inc. NY now owns 6,673,226 shares of the company's stock worth $158,556,000 after acquiring an additional 632,671 shares during the last quarter. Aspex Management HK Ltd raised its holdings in 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 last quarter. American Century Companies Inc. lifted its position in shares of GDS by 509.6% in the 4th quarter. American Century Companies Inc. now owns 2,323,482 shares of the company's stock worth $55,206,000 after purchasing an additional 1,942,341 shares during the period. Waterfront Capital Partners LLC boosted its stake in shares of GDS by 316.3% in the 4th quarter. Waterfront Capital Partners LLC now owns 970,199 shares of the company's stock valued at $23,052,000 after purchasing an additional 737,125 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of GDS by 26.5% during the fourth quarter. Pacer Advisors Inc. now owns 898,982 shares of the company's stock worth $21,360,000 after buying an additional 188,072 shares during the period. 33.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Raymond James upgraded shares of GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 target price on the stock in a report on Thursday, March 20th. Citigroup reaffirmed an "outperform" rating on shares of GDS in a research note on Thursday, March 20th. JMP Securities set a $40.00 price target on GDS in a research note on Thursday, March 20th. Royal Bank of Canada lowered shares of GDS from an "outperform" rating to a "sector perform" rating and lifted their price objective for the company from $26.00 to $37.00 in a research note on Tuesday, February 25th. Finally, Citizens Jmp raised shares of GDS to a "strong-buy" rating in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $39.48.

GDS Stock Down 3.8 %

Shares of GDS stock traded down $1.00 during trading hours on Friday, reaching $25.45. The company's stock had a trading volume of 941,456 shares, compared to its average volume of 2,079,813. The company has a market capitalization of $4.85 billion, a P/E ratio of -8.34 and a beta of 0.28. The stock's fifty day simple moving average is $26.43 and its two-hundred day simple moving average is $25.43. GDS Holdings Limited has a one year low of $7.35 and a one year high of $52.50. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19.

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