Woodline Partners LP Takes $4.88 Million Position in GDS Holdings Limited (NASDAQ:GDS)

Woodline Partners LP bought a new position in shares of GDS Holdings Limited (NASDAQ:GDS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 205,277 shares of the company's stock, valued at approximately $4,877,000. Woodline Partners LP owned about 0.11% of GDS at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. American Century Companies Inc. grew its holdings in shares of GDS by 509.6% during 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. Triata Capital Ltd bought a new stake in shares of GDS in the 4th quarter valued at approximately $41,472,000. Driehaus Capital Management LLC increased its stake in GDS by 195.6% during the fourth quarter. Driehaus Capital Management LLC now owns 1,845,623 shares of the company's stock valued at $43,852,000 after purchasing an additional 1,221,289 shares during the last quarter. Aspex Management HK Ltd lifted its holdings in shares of GDS by 23.0% in 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. Finally, Light Street Capital Management LLC acquired a new position in shares of GDS during the fourth quarter valued at $18,655,000. Institutional investors and hedge funds own 33.71% of the company's stock.

GDS Price Performance

GDS traded down $2.37 during midday trading on Wednesday, hitting $24.77. The company had a trading volume of 8,963,998 shares, compared to its average volume of 2,128,040. The company has a market capitalization of $4.72 billion, a PE ratio of -8.12 and a beta of 0.28. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19. The firm's 50-day simple moving average is $24.63 and its 200-day simple moving average is $25.97. GDS Holdings Limited has a twelve month low of $7.35 and a twelve month high of $52.50.

GDS (NASDAQ:GDS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of ($0.22) by $0.70. GDS had a negative net margin of 35.97% and a negative return on equity of 8.22%. The company had revenue of $375.14 million during the quarter, compared to analysts' expectations of $2.72 billion. During the same quarter in the previous year, the company earned ($1.96) EPS. GDS's revenue was up 3.6% on a year-over-year basis. Equities research analysts predict that GDS Holdings Limited will post -0.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on GDS. Wall Street Zen upgraded GDS from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Raymond James raised shares of GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 target price for the company in a research note on Thursday, March 20th. JMP Securities reiterated a "market outperform" rating and set a $40.00 price target on shares of GDS in a research note on Wednesday, May 21st. Royal Bank of Canada cut GDS from an "outperform" rating to a "sector perform" rating and increased their price objective for the company from $26.00 to $37.00 in a research report on Tuesday, February 25th. Finally, Citigroup restated an "outperform" rating on shares of GDS in a research note on Thursday, March 20th. Two analysts have rated the stock with 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.com, the company currently has a consensus rating of "Buy" and a consensus target price of $39.48.

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.