Cerity Partners LLC Trims Stock Position in GDS Holdings (NASDAQ:GDS)

Cerity Partners LLC trimmed its stake in shares of GDS Holdings (NASDAQ:GDS - Free Report) by 19.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 institutional investors and hedge funds have also recently bought and sold shares of GDS. PNC Financial Services Group Inc. grew 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 worth $75,000 after purchasing an additional 672 shares in the last quarter. Wells Fargo & Company MN grew its stake in GDS by 1,904.2% during the 4th quarter. Wells Fargo & Company MN now owns 3,788 shares of the company's stock worth $90,000 after purchasing an additional 3,599 shares in the last quarter. LPL Financial LLC acquired a new position in GDS during the 4th quarter worth $310,000. Amiral Gestion acquired a new position in GDS during the 4th quarter worth $333,000. Finally, APEIRON CAPITAL Ltd acquired a new position in GDS during the 1st quarter worth $382,000. 33.71% of the stock is owned by institutional investors and hedge funds.

GDS Stock Performance

Shares of NASDAQ GDS traded up $0.40 during trading hours on Wednesday, reaching $38.12. The stock had a trading volume of 3,132,685 shares, compared to its average volume of 2,241,598. The firm has a market cap of $7.26 billion, a price-to-earnings ratio of 11.69 and a beta of 0.31. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.62. GDS Holdings has a fifty-two week low of $9.88 and a fifty-two week high of $52.50. The firm has a 50-day moving average of $28.35 and a 200-day moving average of $27.99.

GDS (NASDAQ:GDS - Get Free Report) last announced its earnings results on Tuesday, May 20th. The company reported $0.48 earnings per share (EPS) for the quarter, beating 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 return on equity of 0.78% and a net margin of 39.90%. The business's revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.96) EPS. Equities research analysts predict that GDS Holdings will post -0.89 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on GDS. JPMorgan Chase & Co. raised GDS from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $34.00 to $46.00 in a research note on Wednesday. Daiwa Capital Markets reaffirmed a "buy" rating on shares of GDS in a research report on Wednesday, May 28th. Wall Street Zen raised GDS from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Jefferies Financial Group raised GDS from a "hold" rating to a "buy" rating and set a $45.00 price objective for the company in a research report on Tuesday, March 18th. Finally, Citigroup reaffirmed an "outperform" rating on shares of GDS in a research report on Thursday, March 20th. Three research 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $40.57.

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.