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

Amiral Gestion acquired a new stake in shares of GDS Holdings Limited (NASDAQ:GDS - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 14,000 shares of the company's stock, valued at approximately $333,000. GDS makes up about 0.2% of Amiral Gestion's holdings, making the stock its 28th biggest position.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Blue Trust Inc. boosted its stake in GDS by 121.9% during the fourth quarter. Blue Trust Inc. now owns 5,557 shares of the company's stock valued at $132,000 after buying an additional 3,053 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of GDS by 26.5% during the 4th quarter. Pacer Advisors Inc. now owns 898,982 shares of the company's stock worth $21,360,000 after acquiring an additional 188,072 shares in the last quarter. abrdn plc boosted its position in shares of GDS by 5.4% during the 4th quarter. abrdn plc now owns 279,800 shares of the company's stock valued at $6,648,000 after acquiring an additional 14,300 shares during the last quarter. Macroview Investment Management LLC grew its holdings in shares of GDS by 37.4% in the fourth quarter. Macroview Investment Management LLC now owns 18,550 shares of the company's stock valued at $441,000 after purchasing an additional 5,050 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new stake in GDS in the fourth quarter worth $1,938,000. Institutional investors own 33.71% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on GDS. Citizens Jmp upgraded shares of GDS to a "strong-buy" rating in a research report on Monday, January 27th. Jefferies Financial Group raised shares of GDS from a "hold" rating to a "buy" rating and set a $45.00 price target for the company in a report on Tuesday, March 18th. Royal Bank of Canada cut GDS from an "outperform" rating to a "sector perform" rating and boosted their price objective for the stock from $26.00 to $37.00 in a research note on Tuesday, February 25th. Wall Street Zen raised GDS from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Finally, Daiwa Capital Markets raised shares of GDS from a "neutral" rating to a "buy" rating in a research note on Tuesday, February 11th. 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 stock. According to data from MarketBeat, GDS presently has an average rating of "Buy" and an average target price of $39.48.

GDS Trading Down 4.8%

GDS stock traded down $1.36 during trading on Tuesday, hitting $27.14. The company had a trading volume of 2,621,432 shares, compared to its average volume of 2,100,073. The company has a 50 day simple moving average of $24.66 and a 200-day simple moving average of $25.96. The firm has a market capitalization of $5.17 billion, a P/E ratio of -8.90 and a beta of 0.28. GDS Holdings Limited has a 52-week low of $7.35 and a 52-week high of $52.50. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25.

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