Central Asset Investments & Management Holdings HK Ltd Invests $532,000 in GDS Holdings (NASDAQ:GDS)

Key Points

• Central Asset Investments & Management Holdings HK Ltd has invested approximately $532,000 in GDS Holdings, acquiring 21,000 shares, which represents about 0.9% of their investment portfolio.
• GDS Holdings recently reported an earnings per share (EPS) of $0.48, significantly exceeding analysts' expectations of ($0.22), while revenue for the quarter was $375.14 million.
• Research firms have shown optimism towards GDS, with multiple upgrades including JPMorgan raising its price target for the stock from $34.00 to $46.00.

Central Asset Investments & Management Holdings HK Ltd bought a new position in GDS Holdings (NASDAQ:GDS - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 21,000 shares of the company's stock, valued at approximately $532,000. GDS accounts for approximately 0.9% of Central Asset Investments & Management Holdings HK Ltd's investment portfolio, making the stock its 26th largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wells Fargo & Company MN increased its stake in shares of GDS by 1,904.2% in 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 in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in GDS during the 1st quarter valued at about $176,000. LPL Financial LLC bought a new stake in GDS during the 4th quarter valued at about $310,000. Amiral Gestion bought a new stake in GDS during the 4th quarter valued at about $333,000. Finally, APEIRON CAPITAL Ltd bought a new stake in GDS during the 1st quarter valued at about $382,000. 33.71% of the stock is owned by hedge funds and other institutional investors.

GDS Stock Performance

Shares of GDS stock opened at $36.87 on Tuesday. The company has a 50 day moving average price of $31.93 and a 200-day moving average price of $29.67. GDS Holdings has a 52 week low of $11.02 and a 52 week high of $52.50. The firm has a market capitalization of $7.03 billion, a PE ratio of 11.31 and a beta of 0.33. 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.22) by $0.70. The company had revenue of $375.14 million for the quarter, compared to the consensus estimate of $2.72 billion. GDS had a net margin of 39.90% and a return on equity of 0.78%. The firm's revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.96) earnings per share. As a group, equities research analysts expect that GDS Holdings will post -0.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GDS. BMO Capital Markets upgraded shares of GDS to a "market perform" rating in a research note on Wednesday, July 16th. Wall Street Zen upgraded shares of GDS from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Daiwa Capital Markets restated a "buy" rating on shares of GDS in a research note on Wednesday, May 28th. JPMorgan Chase & Co. upgraded shares of GDS from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $34.00 to $46.00 in a research note on Wednesday, July 16th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $40.00 price target on shares of GDS in a research note on Wednesday, May 21st. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, GDS currently has a consensus rating of "Buy" and a consensus price target of $40.57.

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.

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