Driehaus Capital Management LLC Increases Stock Position in GDS Holdings Limited (NASDAQ:GDS)

Driehaus Capital Management LLC raised its stake in GDS Holdings Limited (NASDAQ:GDS - Free Report) by 195.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,845,623 shares of the company's stock after acquiring an additional 1,221,289 shares during the quarter. Driehaus Capital Management LLC owned about 0.97% of GDS worth $43,852,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Geode Capital Management LLC grew its holdings in GDS by 20.5% during the third quarter. Geode Capital Management LLC now owns 77,057 shares of the company's stock valued at $1,572,000 after purchasing an additional 13,121 shares during the period. Tidal Investments LLC acquired a new stake in shares of GDS in the third quarter valued at about $842,000. JPMorgan Chase & Co. grew its stake in shares of GDS by 7,553.4% in the third quarter. JPMorgan Chase & Co. now owns 610,821 shares of the company's stock valued at $12,461,000 after buying an additional 602,840 shares in the last quarter. Blue Trust Inc. increased its stake in shares of GDS by 121.9% during the 4th quarter. Blue Trust Inc. now owns 5,557 shares of the company's stock worth $132,000 after purchasing an additional 3,053 shares during the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of GDS by 26.5% in the 4th quarter. Pacer Advisors Inc. now owns 898,982 shares of the company's stock valued at $21,360,000 after purchasing an additional 188,072 shares during the period. Institutional investors and hedge funds own 33.71% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on GDS. JMP Securities set a $40.00 price target on shares of GDS in a report on Thursday, March 20th. Royal Bank of Canada lowered GDS from an "outperform" rating to a "sector perform" rating and increased their target price for the stock from $26.00 to $37.00 in a research note on Tuesday, February 25th. StockNews.com downgraded GDS from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Citizens Jmp raised GDS to a "strong-buy" rating in a research note on Monday, January 27th. Finally, Citigroup restated an "outperform" rating on shares of GDS in a research note on Thursday, March 20th. One equities 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's stock. Based on data from MarketBeat, GDS presently has a consensus rating of "Buy" and an average target price of $39.48.

GDS Trading Down 5.5%

GDS stock traded down $1.60 during mid-day trading on Tuesday, reaching $27.53. The company's stock had a trading volume of 1,168,734 shares, compared to its average volume of 2,080,001. 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 market cap of $5.25 billion, a price-to-earnings ratio of -9.03 and a beta of 0.28. The business's 50 day moving average price is $26.23 and its 200 day moving average price is $25.55. GDS Holdings Limited has a 12 month low of $7.35 and a 12 month high of $52.50.

GDS (NASDAQ:GDS - Get Free Report) last issued its quarterly earnings data 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 return on equity of 8.22% and a negative net margin of 35.97%. The business's revenue was up 9.1% on a year-over-year basis. During the same period last year, the business earned ($2.16) EPS. On average, equities research analysts predict that GDS Holdings Limited will post -0.89 EPS for the current year.

About GDS

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.