BROOKFIELD Corp ON Buys 154,473 Shares of GDS Holdings Limited (NASDAQ:GDS)

BROOKFIELD Corp ON raised its holdings in GDS Holdings Limited (NASDAQ:GDS - Free Report) by 1,848.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 162,831 shares of the company's stock after purchasing an additional 154,473 shares during the quarter. BROOKFIELD Corp ON owned 0.09% of GDS worth $3,869,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. American Century Companies Inc. increased its holdings in GDS by 509.6% in the 4th 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 in the last quarter. Aspex Management HK Ltd increased its stake in shares of GDS by 23.0% in the fourth quarter. Aspex Management HK Ltd now owns 4,926,727 shares of the company's stock valued at $117,059,000 after buying an additional 922,709 shares during the period. Waterfront Capital Partners LLC raised its holdings in GDS by 316.3% in the 4th quarter. Waterfront Capital Partners LLC now owns 970,199 shares of the company's stock valued at $23,052,000 after buying an additional 737,125 shares during the last quarter. Bamco Inc. NY boosted its position in GDS by 10.5% during the 4th quarter. Bamco Inc. NY now owns 6,673,226 shares of the company's stock worth $158,556,000 after buying an additional 632,671 shares during the period. Finally, JPMorgan Chase & Co. increased its position in GDS by 7,553.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 610,821 shares of the company's stock valued at $12,461,000 after acquiring an additional 602,840 shares during the period. Institutional investors own 33.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. StockNews.com cut shares of GDS from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Citigroup reissued an "outperform" rating on shares of GDS in a research note on Thursday, March 20th. Daiwa Capital Markets upgraded GDS from a "neutral" rating to a "buy" rating in a research report on Tuesday, February 11th. Royal Bank of Canada cut GDS from an "outperform" rating to a "sector perform" rating and upped their target price for the company from $26.00 to $37.00 in a report on Tuesday, February 25th. Finally, JMP Securities set a $40.00 price target on shares of GDS in a report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, GDS currently has an average rating of "Buy" and a consensus price target of $39.48.

GDS Stock Down 3.8 %

GDS stock traded down $1.00 during trading on Friday, reaching $25.45. 941,456 shares of the stock were exchanged, compared to its average volume of 2,074,605. The firm's 50 day moving average is $26.63 and its 200 day moving average is $25.41. The firm has a market cap of $4.85 billion, a P/E ratio of -8.34 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. GDS Holdings Limited has a twelve month low of $7.35 and a twelve month high of $52.50.

GDS (NASDAQ:GDS - Get Free Report) last posted its quarterly earnings results on Wednesday, March 19th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.17. GDS had a negative net margin of 35.97% and a negative return on equity of 8.22%. The business had revenue of $425.13 million during the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter last year, the firm posted ($2.16) EPS. GDS's revenue was up 9.1% compared to the same quarter last year. As a group, research analysts forecast that GDS Holdings Limited will post -0.89 EPS for the current year.

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.