Infini Capital Management Ltd Buys Shares of 33,600 GDS Holdings (NASDAQ:GDS)

Infini Capital Management Ltd acquired a new stake in shares of GDS Holdings (NASDAQ:GDS - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 33,600 shares of the company's stock, valued at approximately $851,000. GDS comprises approximately 0.9% of Infini Capital Management Ltd's holdings, making the stock its 11th biggest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of GDS. PNC Financial Services Group Inc. boosted its position in GDS by 26.8% in 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. Invesco Ltd. increased its stake in shares of GDS by 4.1% in the 4th quarter. Invesco Ltd. now owns 88,423 shares of the company's stock worth $2,101,000 after acquiring an additional 3,481 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of 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 during the last quarter. Vident Advisory LLC boosted its position in shares of GDS by 23.9% during the 4th quarter. Vident Advisory LLC now owns 24,390 shares of the company's stock worth $580,000 after purchasing an additional 4,710 shares during the period. Finally, LPL Financial LLC purchased a new position in shares of GDS during the fourth quarter worth $310,000. Institutional investors and hedge funds own 33.71% of the company's stock.

GDS Stock Up 0.2%

NASDAQ GDS traded up $0.05 during mid-day trading on Tuesday, reaching $32.37. 1,196,055 shares of the company's stock traded hands, compared to its average volume of 2,218,466. GDS Holdings has a 1-year low of $9.88 and a 1-year high of $52.50. The company has a fifty day simple moving average of $27.45 and a 200-day simple moving average of $27.48. 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 company has a market cap of $6.17 billion, a price-to-earnings ratio of 9.93 and a beta of 0.31.

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

Analyst Ratings Changes

GDS has been the subject of a number of research analyst reports. Jefferies Financial Group upgraded GDS from a "hold" rating to a "buy" rating and set a $45.00 target price for the company in a report on Tuesday, March 18th. Wall Street Zen upgraded GDS from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Citigroup reissued an "outperform" rating on shares of GDS in a report on Thursday, March 20th. Raymond James Financial raised GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 target price on the stock in a report on Thursday, March 20th. Finally, JMP Securities reissued a "market outperform" rating and issued a $40.00 target price on shares of GDS in a report on Wednesday, May 21st. Two analysts have rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, GDS 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.