BROOKFIELD Corp ON Has $3.87 Million Stock Position in GDS Holdings Limited (NASDAQ:GDS)

BROOKFIELD Corp ON raised its stake in shares of GDS Holdings Limited (NASDAQ:GDS - Free Report) by 1,848.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm 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 filing with the SEC.

Other large investors have also made changes to their positions in the company. PNC Financial Services Group Inc. raised its stake in shares of GDS by 26.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company's stock valued at $75,000 after buying an additional 672 shares in 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 in the last quarter. Blue Trust Inc. raised its stake in shares of GDS by 121.9% in the fourth quarter. Blue Trust Inc. now owns 5,557 shares of the company's stock valued at $132,000 after acquiring an additional 3,053 shares during the last quarter. LPL Financial LLC acquired a new position in GDS in the fourth quarter worth $310,000. Finally, Bank of Montreal Can acquired a new stake in GDS in the 4th quarter valued at about $428,000. Institutional investors and hedge funds own 33.71% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Citizens Jmp raised GDS to a "strong-buy" rating in a research note on Monday, January 27th. Jefferies Financial Group raised shares of GDS from a "hold" rating to a "buy" rating and set a $45.00 price target on the stock in a research report on Tuesday, March 18th. StockNews.com lowered GDS from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. Royal Bank of Canada downgraded shares of GDS from an "outperform" rating to a "sector perform" rating and increased their price objective for the stock from $26.00 to $37.00 in a research report on Tuesday, February 25th. Finally, JMP Securities set a $40.00 price objective on shares of GDS in a research report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, GDS presently has an average rating of "Buy" and a consensus price target of $39.48.

GDS Stock Down 3.8 %

GDS traded down $1.00 during trading hours on Friday, hitting $25.45. 941,456 shares of the company's stock were exchanged, compared to its average volume of 2,079,813. 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 $7.35 and a 1-year high of $52.50. The stock's 50-day moving average is $26.43 and its two-hundred day moving average is $25.46. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of -8.34 and a beta of 0.28.

GDS (NASDAQ:GDS - Get Free Report) last posted its quarterly earnings data on Wednesday, March 19th. The company reported ($0.10) EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $425.13 million during the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the prior year, the business posted ($2.16) EPS. The company's quarterly revenue was up 9.1% on a year-over-year basis. Sell-side analysts predict that GDS Holdings Limited will post -0.89 earnings per share for the current fiscal year.

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.