SG Americas Securities LLC Makes New Investment in GDS Holdings (NASDAQ:GDS)

SG Americas Securities LLC acquired a new position in shares of GDS Holdings (NASDAQ:GDS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,638 shares of the company's stock, valued at approximately $523,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Amiral Gestion bought a new stake in GDS in the 4th quarter worth approximately $333,000. Voloridge Investment Management LLC raised its holdings in shares of GDS by 36.9% during the fourth quarter. Voloridge Investment Management LLC now owns 521,171 shares of the company's stock valued at $12,383,000 after acquiring an additional 140,343 shares in the last quarter. Woodline Partners LP bought a new position in shares of GDS during the fourth quarter valued at approximately $4,877,000. Vident Advisory LLC raised its holdings in shares of GDS by 23.9% during the fourth quarter. Vident Advisory LLC now owns 24,390 shares of the company's stock valued at $580,000 after acquiring an additional 4,710 shares in the last quarter. Finally, Triata Capital Ltd purchased a new position in GDS during the fourth quarter valued at $41,472,000. Hedge funds and other institutional investors own 33.71% of the company's stock.

GDS Price Performance

GDS stock traded up $0.49 during midday trading on Monday, hitting $27.54. The company's stock had a trading volume of 622,992 shares, compared to its average volume of 2,186,781. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of 8.45 and a beta of 0.26. GDS Holdings has a 12 month low of $8.94 and a 12 month high of $52.50. The company has a 50 day moving average of $25.68 and a two-hundred day moving average of $26.74.

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 analysts' consensus estimates of ($0.22) by $0.70. GDS had a return on equity of 0.78% and a net margin of 39.90%. The firm had revenue of $375.14 million during the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the prior year, the company earned ($1.96) EPS. The company's quarterly revenue was up 3.6% compared to the same quarter last year. On average, analysts expect that GDS Holdings will post -0.89 EPS for the current year.

Analyst Upgrades and Downgrades

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