Man Group plc Has $630,000 Position in GDS Holdings Limited (NASDAQ:GDS)

Man Group plc trimmed its position in shares of GDS Holdings Limited (NASDAQ:GDS - Free Report) by 72.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,533 shares of the company's stock after selling 68,338 shares during the quarter. Man Group plc's holdings in GDS were worth $630,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its position in shares of 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 during the period. Wells Fargo & Company MN increased its holdings in shares of GDS by 1,904.2% in the 4th quarter. Wells Fargo & Company MN now owns 3,788 shares of the company's stock valued at $90,000 after acquiring an additional 3,599 shares during the last quarter. Blue Trust Inc. raised its holdings in GDS by 121.9% during the fourth quarter. Blue Trust Inc. now owns 5,557 shares of the company's stock worth $132,000 after purchasing an additional 3,053 shares in the last quarter. LPL Financial LLC acquired a new stake in GDS during the 4th quarter worth $310,000. Finally, Bank of Montreal Can acquired a new stake in shares of GDS during the fourth quarter worth about $428,000. 33.71% of the stock is owned by hedge funds and other institutional investors.

GDS Price Performance

GDS traded down $1.79 during trading on Friday, reaching $23.30. The stock had a trading volume of 1,447,509 shares, compared to its average volume of 2,138,582. The stock has a 50 day moving average of $24.51 and a two-hundred day moving average of $25.97. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of -7.63 and a beta of 0.28. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25. GDS Holdings Limited has a 1-year low of $7.59 and a 1-year high of $52.50.

GDS (NASDAQ:GDS - Get Free Report) last posted its quarterly earnings data 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 net margin of 35.97% and a negative return on equity of 8.22%. The firm had revenue of $375.14 million for the quarter, compared to analysts' expectations of $2.72 billion. During the same period in the previous year, the company posted ($1.96) EPS. The company's quarterly revenue was up 3.6% compared to the same quarter last year. As a group, equities analysts anticipate that GDS Holdings Limited will post -0.89 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on GDS shares. Citigroup reaffirmed an "outperform" rating on shares of GDS in a research report on Thursday, March 20th. JMP Securities reaffirmed a "market outperform" rating and set a $40.00 price target on shares of GDS in a research note on Wednesday, May 21st. Wall Street Zen upgraded GDS from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Raymond James upgraded 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 report on Thursday, March 20th. Finally, Jefferies Financial Group raised shares of GDS from a "hold" rating to a "buy" rating and set a $45.00 price objective for the company in a research note on Tuesday, March 18th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $39.48.

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.