14,000 Shares in GDS Holdings Limited (NASDAQ:GDS) Bought by Amiral Gestion

Amiral Gestion purchased a new stake in GDS Holdings Limited (NASDAQ:GDS - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 14,000 shares of the company's stock, valued at approximately $333,000. GDS accounts for 0.2% of Amiral Gestion's portfolio, making the stock its 28th biggest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. grew its stake in GDS by 26.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company's stock worth $75,000 after buying an additional 672 shares during the last quarter. Wells Fargo & Company MN lifted its position in GDS by 1,904.2% during the 4th quarter. Wells Fargo & Company MN now owns 3,788 shares of the company's stock worth $90,000 after acquiring an additional 3,599 shares during the period. Blue Trust Inc. lifted its position in 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 acquiring an additional 3,053 shares during the period. LPL Financial LLC acquired a new stake in GDS during the 4th quarter worth about $310,000. Finally, Bank of Montreal Can acquired a new stake in GDS during the 4th quarter worth about $428,000. 33.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GDS. Wall Street Zen raised GDS from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Royal Bank of Canada lowered GDS from an "outperform" rating to a "sector perform" rating and upped their price target for the company from $26.00 to $37.00 in a research report on Tuesday, February 25th. Citigroup restated an "outperform" rating on shares of GDS in a research report on Thursday, March 20th. Jefferies Financial Group upgraded GDS from a "hold" rating to a "buy" rating and set a $45.00 price objective for the company in a research report on Tuesday, March 18th. Finally, Daiwa Capital Markets reiterated a "buy" rating on shares of GDS in a research report on Wednesday. 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. According to MarketBeat, GDS presently has a consensus rating of "Buy" and an average price target of $39.48.

GDS Stock Up 0.2%

GDS stock traded up $0.05 during trading on Thursday, reaching $24.82. 2,000,548 shares of the company's stock were exchanged, compared to its average volume of 3,186,385. GDS Holdings Limited has a 52-week low of $7.35 and a 52-week 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. The firm has a market cap of $4.73 billion, a price-to-earnings ratio of -8.14 and a beta of 0.28. The company's 50-day moving average is $24.58 and its two-hundred day moving average is $25.96.

GDS (NASDAQ:GDS - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.70. The firm had revenue of $375.14 million for the quarter, compared to analyst estimates of $2.72 billion. GDS had a negative net margin of 35.97% and a negative return on equity of 8.22%. GDS's quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.96) earnings per share. On average, analysts predict 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.