Two Sigma Investments LP Sells 44,551 Shares of GDS Holdings Limited (NASDAQ:GDS)

Two Sigma Investments LP lessened its holdings in GDS Holdings Limited (NASDAQ:GDS - Free Report) by 6.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 661,087 shares of the company's stock after selling 44,551 shares during the quarter. Two Sigma Investments LP owned 0.35% of GDS worth $15,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Alberta Investment Management Corp bought a new stake in shares of GDS in the 4th quarter worth approximately $4,935,000. Y Intercept Hong Kong Ltd grew its holdings in GDS by 165.5% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 54,127 shares of the company's stock valued at $1,286,000 after purchasing an additional 33,741 shares during the period. Raymond James Financial Inc. bought a new position in GDS during the fourth quarter worth about $2,373,000. State of New Jersey Common Pension Fund D bought a new position in GDS during the fourth quarter worth about $1,938,000. Finally, American Century Companies Inc. boosted its position in GDS by 509.6% during the fourth quarter. American Century Companies Inc. now owns 2,323,482 shares of the company's stock worth $55,206,000 after purchasing an additional 1,942,341 shares during the period. Institutional investors own 33.71% of the company's stock.

GDS Price Performance

NASDAQ:GDS traded down $2.57 during trading hours on Wednesday, hitting $24.57. The stock had a trading volume of 4,263,686 shares, compared to its average volume of 2,112,105. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of -8.06 and a beta of 0.28. GDS Holdings Limited has a one year low of $7.35 and a one year high of $52.50. The company has a 50 day simple moving average of $24.63 and a two-hundred day simple moving average of $25.97. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19.

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, beating the consensus estimate of ($0.22) by $0.70. The company had revenue of $375.14 million during the quarter, compared to analyst estimates of $2.72 billion. GDS had a negative return on equity of 8.22% and a negative net margin of 35.97%. The firm's quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the company earned ($1.96) earnings per share. Research analysts forecast that GDS Holdings Limited will post -0.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Citigroup reiterated an "outperform" rating on shares of GDS in a research report on Thursday, March 20th. Daiwa Capital Markets raised GDS from a "neutral" rating to a "buy" rating in a report on Tuesday, February 11th. Royal Bank of Canada lowered GDS from an "outperform" rating to a "sector perform" rating and raised their price target for the stock from $26.00 to $37.00 in a report on Tuesday, February 25th. JMP Securities reiterated a "market outperform" rating and set a $40.00 price objective on shares of GDS in a research note on Wednesday, May 21st. Finally, Jefferies Financial Group upgraded GDS from a "hold" rating to a "buy" rating and set a $45.00 price objective on the stock in a research note on Tuesday, March 18th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $39.48.

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.