Bayforest Capital Ltd bought a new stake in GDS Holdings (NASDAQ:GDS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 24,619 shares of the company's stock, valued at approximately $624,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Triata Capital Ltd purchased a new position in GDS in the 4th quarter worth about $41,472,000. Driehaus Capital Management LLC increased its position in GDS by 195.6% during the 4th 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 period. Aspex Management HK Ltd increased its position in GDS by 23.0% during the 4th quarter. Aspex Management HK Ltd now owns 4,926,727 shares of the company's stock valued at $117,059,000 after purchasing an additional 922,709 shares during the period. Light Street Capital Management LLC purchased a new position in GDS during the 4th quarter valued at about $18,655,000. Finally, Waterfront Capital Partners LLC increased its position in GDS by 316.3% during the 4th quarter. Waterfront Capital Partners LLC now owns 970,199 shares of the company's stock valued at $23,052,000 after purchasing an additional 737,125 shares during the period. Hedge funds and other institutional investors own 33.71% of the company's stock.
GDS Stock Performance
GDS stock traded down $1.95 during trading on Friday, reaching $34.12. The company had a trading volume of 2,134,924 shares, compared to its average volume of 2,816,439. The firm has a 50-day simple moving average of $30.55 and a 200-day simple moving average of $28.92. The company has a market cap of $6.50 billion, a price-to-earnings ratio of 10.47 and a beta of 0.31. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.47 and a current ratio of 1.47. GDS Holdings has a twelve month low of $9.88 and a twelve month high of $52.50.
GDS (NASDAQ:GDS - Get Free Report) last released its earnings results on Tuesday, May 20th. The company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of ($0.22) by $0.70. GDS had a net margin of 39.90% and a return on equity of 0.78%. The company had revenue of $375.14 million during the quarter, compared to analysts' expectations of $2.72 billion. During the same period last year, the business earned ($1.96) EPS. GDS's revenue for the quarter was up 3.6% on a year-over-year basis. As a group, sell-side analysts expect that GDS Holdings will post -0.89 earnings per share for the current year.
Analyst Upgrades and Downgrades
GDS has been the topic of a number of research reports. Daiwa Capital Markets reissued a "buy" rating on shares of GDS in a research report on Wednesday, May 28th. JMP Securities reaffirmed a "market outperform" rating and issued a $40.00 price objective on shares of GDS in a research report on Wednesday, May 21st. BMO Capital Markets raised shares of GDS to a "market perform" rating in a research report on Wednesday, July 16th. JPMorgan Chase & Co. raised shares of GDS from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $34.00 to $46.00 in a research report on Wednesday, July 16th. Finally, Wall Street Zen raised shares of 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 issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $40.57.
Read Our Latest Stock Report on GDS
GDS Profile
(
Free Report)
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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