GDS Holdings Limited (NASDAQ:GDS) Shares Bought by Nuveen Asset Management LLC

Nuveen Asset Management LLC lifted its stake in GDS Holdings Limited (NASDAQ:GDS - Free Report) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 281,000 shares of the company's stock after buying an additional 20,800 shares during the period. Nuveen Asset Management LLC owned approximately 0.15% of GDS worth $6,677,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of GDS. Bamco Inc. NY increased its holdings in GDS by 10.5% during the 4th quarter. Bamco Inc. NY now owns 6,673,226 shares of the company's stock worth $158,556,000 after purchasing an additional 632,671 shares during the last quarter. Aspex Management HK Ltd increased its stake in shares of GDS by 23.0% in the fourth quarter. Aspex Management HK Ltd now owns 4,926,727 shares of the company's stock worth $117,059,000 after buying an additional 922,709 shares during the last quarter. American Century Companies Inc. raised its holdings in GDS by 509.6% in the fourth quarter. American Century Companies Inc. now owns 2,323,482 shares of the company's stock valued at $55,206,000 after acquiring an additional 1,942,341 shares in the last quarter. Driehaus Capital Management LLC raised its holdings in GDS by 195.6% in the fourth quarter. Driehaus Capital Management LLC now owns 1,845,623 shares of the company's stock valued at $43,852,000 after acquiring an additional 1,221,289 shares in the last quarter. Finally, Waterfront Capital Partners LLC boosted its stake 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 acquiring an additional 737,125 shares during the last quarter. Institutional investors and hedge funds own 33.71% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Citigroup reissued an "outperform" rating on shares of GDS in a research report on Thursday, March 20th. Daiwa Capital Markets reiterated 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. Raymond James upgraded GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 price objective on the stock in a research note on Thursday, March 20th. Finally, Jefferies Financial Group upgraded shares of GDS from a "hold" rating to a "buy" rating and set a $45.00 target price for the company in a research note on Tuesday, March 18th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $39.48.

GDS Stock Performance

Shares of GDS stock traded down $0.38 on Tuesday, reaching $24.00. 1,285,509 shares of the company were exchanged, compared to its average volume of 2,158,167. The firm has a market cap of $4.57 billion, a price-to-earnings ratio of -7.87 and a beta of 0.28. GDS Holdings Limited has a 1-year low of $8.18 and a 1-year high of $52.50. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19. The company's 50-day moving average is $24.34 and its two-hundred day moving average is $26.03.

GDS (NASDAQ:GDS - Get Free Report) last issued its earnings results on Tuesday, May 20th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.70. GDS had a negative return on equity of 8.22% and a negative net margin of 35.97%. The firm had revenue of $375.14 million for the quarter, compared to analyst estimates of $2.72 billion. During the same period last year, the company earned ($1.96) earnings per share. The firm's revenue for the quarter was up 3.6% on a year-over-year basis. As a group, research analysts expect that GDS Holdings Limited will post -0.89 earnings per share for the current fiscal year.

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.