APEIRON CAPITAL Ltd Takes $382,000 Position in GDS Holdings (NASDAQ:GDS)

APEIRON CAPITAL Ltd acquired a new position in shares of GDS Holdings (NASDAQ:GDS - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 15,100 shares of the company's stock, valued at approximately $382,000. GDS comprises 0.2% of APEIRON CAPITAL Ltd's investment portfolio, making the stock its 11th biggest position.

A number of other hedge funds have also recently added to or reduced their stakes in the business. State of New Jersey Common Pension Fund D acquired a new position in GDS in the fourth quarter valued at approximately $1,938,000. Y Intercept Hong Kong Ltd lifted its holdings in shares of GDS by 165.5% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 54,127 shares of the company's stock worth $1,286,000 after purchasing an additional 33,741 shares during the last quarter. Raymond James Financial Inc. acquired a new position in GDS during the 4th quarter valued at approximately $2,373,000. PNC Financial Services Group Inc. boosted its position in GDS by 26.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company's stock valued at $75,000 after purchasing an additional 672 shares during the period. Finally, OPTIMAS CAPITAL Ltd bought a new position in GDS during the 4th quarter worth $4,096,000. Institutional investors and hedge funds own 33.71% of the company's stock.

GDS Price Performance

GDS stock traded up $0.48 during trading hours on Friday, hitting $30.17. 1,777,256 shares of the company traded hands, compared to its average volume of 2,196,929. GDS Holdings has a 1-year low of $9.15 and a 1-year high of $52.50. The firm has a market cap of $5.75 billion, a P/E ratio of 9.25 and a beta of 0.25. The firm's 50-day simple moving average is $26.36 and its two-hundred day simple moving average is $26.89. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.62.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. JMP Securities reiterated a "market outperform" rating and issued a $40.00 target price on shares of GDS in a research note on Wednesday, May 21st. Jefferies Financial Group raised shares of GDS from a "hold" rating to a "buy" rating and set a $45.00 price objective on the stock in a report on Tuesday, March 18th. Wall Street Zen raised shares of GDS from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Raymond James Financial upgraded 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 report on Thursday, March 20th. Finally, Citigroup restated an "outperform" rating on shares of GDS in a research note on Thursday, March 20th. Two equities research 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $39.48.

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.