Alberta Investment Management Corp Has $2.63 Million Stock Position in GDS Holdings (NASDAQ:GDS)

Key Points

• Alberta Investment Management Corp reduced its stake in GDS Holdings by 50.1%, owning 103,722 shares valued at $2.63 million as of its latest filing.
• GDS Holdings reported a quarterly earnings per share of $0.48, exceeding estimates and reflecting a revenue increase of 3.6% year-over-year.
• Analysts have upgraded GDS's rating, with three analysts rating it as a strong buy, contributing to a consensus price target of $40.57.

Alberta Investment Management Corp trimmed its stake in shares of GDS Holdings (NASDAQ:GDS - Free Report) by 50.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 103,722 shares of the company's stock after selling 103,981 shares during the quarter. Alberta Investment Management Corp owned 0.05% of GDS worth $2,627,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its holdings in GDS by 1,904.2% during the fourth quarter. Wells Fargo & Company MN now owns 3,788 shares of the company's stock valued at $90,000 after purchasing an additional 3,599 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in GDS during the 1st quarter worth approximately $176,000. LPL Financial LLC bought a new stake in GDS during the 4th quarter worth approximately $310,000. Amiral Gestion bought a new stake in GDS during the 4th quarter worth approximately $333,000. Finally, APEIRON CAPITAL Ltd bought a new stake in GDS during the 1st quarter worth approximately $382,000. 33.71% of the stock is owned by institutional investors and hedge funds.

GDS Stock Down 5.4%

NASDAQ:GDS opened at $34.12 on Friday. The stock's fifty day moving average price is $30.66 and its two-hundred day moving average price is $29.05. GDS Holdings has a 52-week low of $9.88 and a 52-week high of $52.50. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market cap of $6.50 billion, a price-to-earnings ratio of 10.47 and a beta of 0.33.

GDS (NASDAQ:GDS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.70. GDS had a return on equity of 0.78% and a net margin of 39.90%. The firm had revenue of $375.14 million for the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter in the prior year, the business earned ($1.96) EPS. The business's revenue for the quarter was up 3.6% compared to the same quarter last year. On average, analysts anticipate that GDS Holdings will post -0.89 EPS for the current year.

Analyst Upgrades and Downgrades

GDS has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upgraded GDS from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $34.00 to $46.00 in a research report on Wednesday, July 16th. JMP Securities restated a "market outperform" rating and set a $40.00 price target on shares of GDS in a research report on Wednesday, May 21st. BMO Capital Markets upgraded GDS to a "market perform" rating in a research report on Wednesday, July 16th. Daiwa Capital Markets restated a "buy" rating on shares of GDS in a research report on Wednesday, May 28th. Finally, Wall Street Zen upgraded GDS from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, GDS has a consensus rating of "Buy" and an average price target of $40.57.

GDS Company 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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