Bamco Inc. NY Increases Stock Holdings in GDS Holdings Limited (NASDAQ:GDS)

Bamco Inc. NY increased its holdings in GDS Holdings Limited (NASDAQ:GDS - Free Report) by 10.5% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 6,673,226 shares of the company's stock after buying an additional 632,671 shares during the quarter. Bamco Inc. NY owned about 3.50% of GDS worth $158,556,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. PNC Financial Services Group Inc. boosted 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 worth $75,000 after buying an additional 672 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in GDS by 1,904.2% in the fourth 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 period. Blue Trust Inc. boosted its position in GDS by 121.9% in 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 during the last quarter. LPL Financial LLC bought a new stake in shares of GDS during the 4th quarter valued at about $310,000. Finally, Bank of Montreal Can purchased a new stake in shares of GDS during the 4th quarter valued at about $428,000. Hedge funds and other institutional investors own 33.71% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GDS. 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 report on Thursday, March 20th. Jefferies Financial Group upgraded 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. Daiwa Capital Markets upgraded GDS from a "neutral" rating to a "buy" rating in a research report on Tuesday, February 11th. JMP Securities set a $40.00 price objective on GDS in a research note on Thursday, March 20th. Finally, Citizens Jmp raised shares of GDS to a "strong-buy" rating in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, one has given 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, the stock currently has an average rating of "Buy" and a consensus target price of $39.48.

GDS Price Performance

Shares of NASDAQ:GDS traded down $1.12 during trading on Friday, hitting $25.33. 648,680 shares of the company's stock were exchanged, compared to its average volume of 2,069,503. The business's 50-day simple moving average is $26.63 and its 200 day simple moving average is $25.41. The company has a market cap of $4.83 billion, a price-to-earnings ratio of -8.30 and a beta of 0.28. GDS Holdings Limited has a 52-week low of $7.35 and a 52-week high of $52.50. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19.

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

About GDS

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.