Voloridge Investment Management LLC Acquires 140,343 Shares of GDS Holdings Limited (NASDAQ:GDS)

Voloridge Investment Management LLC boosted its holdings in shares of GDS Holdings Limited (NASDAQ:GDS - Free Report) by 36.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 521,171 shares of the company's stock after buying an additional 140,343 shares during the period. Voloridge Investment Management LLC owned approximately 0.27% of GDS worth $12,383,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its holdings in GDS by 26.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company's stock worth $75,000 after buying an additional 672 shares during the last quarter. Blue Trust Inc. grew its stake in shares of GDS by 121.9% in the 4th quarter. Blue Trust Inc. now owns 5,557 shares of the company's stock worth $132,000 after acquiring an additional 3,053 shares in the last quarter. Invesco Ltd. grew 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 in the last quarter. Wells Fargo & Company MN grew its stake 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 worth $90,000 after acquiring an additional 3,599 shares in the last quarter. Finally, Vident Advisory LLC grew its stake in shares of GDS by 23.9% in the 4th quarter. Vident Advisory LLC now owns 24,390 shares of the company's stock worth $580,000 after acquiring an additional 4,710 shares in the last quarter. Institutional investors and hedge funds own 33.71% of the company's stock.

GDS Price Performance

Shares of GDS stock traded down $1.36 on Tuesday, reaching $27.14. The stock had a trading volume of 2,621,432 shares, compared to its average volume of 2,100,038. GDS Holdings Limited has a 1 year low of $7.35 and a 1 year high of $52.50. The company has a market cap of $5.17 billion, a P/E ratio of -8.90 and a beta of 0.28. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25. The business's 50 day moving average is $24.66 and its two-hundred day moving average is $25.96.

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

Wall Street Analysts Forecast Growth

GDS has been the subject of several recent analyst reports. Daiwa Capital Markets upgraded shares of GDS from a "neutral" rating to a "buy" rating in a research note on Tuesday, February 11th. Citizens Jmp upgraded shares of GDS to a "strong-buy" rating in a research note on Monday, January 27th. 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. Wall Street Zen upgraded shares of GDS from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Finally, Raymond James upgraded shares of GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 target price for the company in a research note on Thursday, March 20th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, GDS presently 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.