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

Bamco Inc. NY lifted its position in GDS Holdings Limited (NASDAQ:GDS - Free Report) by 10.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,673,226 shares of the company's stock after acquiring an additional 632,671 shares during the quarter. Bamco Inc. NY owned 3.50% of GDS worth $158,556,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. American Century Companies Inc. lifted its holdings in GDS by 509.6% during the 4th quarter. American Century Companies Inc. now owns 2,323,482 shares of the company's stock valued at $55,206,000 after buying an additional 1,942,341 shares in the last quarter. Aspex Management HK Ltd increased its position in shares of GDS by 23.0% during the fourth quarter. Aspex Management HK Ltd now owns 4,926,727 shares of the company's stock worth $117,059,000 after acquiring an additional 922,709 shares during the period. Waterfront Capital Partners LLC raised its stake in shares of GDS by 316.3% during the fourth quarter. Waterfront Capital Partners LLC now owns 970,199 shares of the company's stock valued at $23,052,000 after acquiring an additional 737,125 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in GDS by 7,553.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 610,821 shares of the company's stock worth $12,461,000 after purchasing an additional 602,840 shares during the period. Finally, APG Asset Management N.V. bought a new stake in GDS during the 4th quarter valued at $9,673,000. 33.71% of the stock is owned by hedge funds and other institutional investors.

GDS Price Performance

Shares of GDS stock traded down $1.93 during trading hours on Wednesday, reaching $26.14. The stock had a trading volume of 1,495,030 shares, compared to its average volume of 2,076,023. The stock's 50 day moving average is $26.97 and its 200 day moving average is $25.38. 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. The firm has a market capitalization of $4.98 billion, a PE ratio of -8.57 and a beta of 0.28.

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on GDS shares. Citizens Jmp upgraded GDS to a "strong-buy" rating in a report on Monday, January 27th. JMP Securities set a $40.00 price objective on shares of GDS in a research note on Thursday, March 20th. Jefferies Financial Group raised GDS from a "hold" rating to a "buy" rating and set a $45.00 target price 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 report on Friday, February 28th. Finally, Citigroup reiterated an "outperform" rating on shares of GDS in a research note on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and three have assigned 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.