Cerity Partners LLC Sells 231,953 Shares of GDS Holdings (NASDAQ:GDS)

Cerity Partners LLC reduced its position in shares of GDS Holdings (NASDAQ:GDS - Free Report) by 19.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 978,886 shares of the company's stock after selling 231,953 shares during the quarter. Cerity Partners LLC owned 0.51% of GDS worth $24,795,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GDS. Raymond James Financial Inc. acquired a new stake in GDS during the 4th quarter valued at $2,373,000. PNC Financial Services Group Inc. raised 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 valued at $75,000 after purchasing an additional 672 shares during the period. OPTIMAS CAPITAL Ltd acquired a new stake in GDS during the 4th quarter valued at $4,096,000. American Century Companies Inc. raised its stake in GDS by 509.6% during the 4th quarter. American Century Companies Inc. now owns 2,323,482 shares of the company's stock valued at $55,206,000 after purchasing an additional 1,942,341 shares during the period. Finally, LPL Financial LLC acquired a new stake in GDS during the 4th quarter valued at $310,000. 33.71% of the stock is owned by institutional investors and hedge funds.

GDS Stock Up 1.5%

GDS stock traded up $0.52 during mid-day trading on Monday, hitting $34.43. 1,123,938 shares of the company's stock were exchanged, compared to its average volume of 2,206,858. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.62. The stock has a market cap of $6.56 billion, a P/E ratio of 10.55 and a beta of 0.31. GDS Holdings has a 1-year low of $9.88 and a 1-year high of $52.50. The stock has a 50 day moving average of $28.01 and a two-hundred day moving average of $27.84.

GDS (NASDAQ:GDS - Get Free Report) last posted its earnings results on Tuesday, May 20th. The company reported $0.48 EPS 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 the consensus estimate of $2.72 billion. GDS had a net margin of 39.90% and a return on equity of 0.78%. The business'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) earnings per share. As a group, analysts anticipate that GDS Holdings will post -0.89 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Raymond James Financial raised shares of GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 target price on the stock in a research note on Thursday, March 20th. JMP Securities reaffirmed a "market outperform" rating and issued a $40.00 price target on shares of GDS in a research note on Wednesday, May 21st. Wall Street Zen raised shares of GDS from a "sell" rating to a "hold" rating 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 target on the stock in a research note on Tuesday, March 18th. Finally, Citigroup reaffirmed an "outperform" rating on shares of GDS in a research note on Thursday, March 20th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $39.48.

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.