Aspex Management HK Ltd Has $117.06 Million Position in GDS Holdings Limited (NASDAQ:GDS)

Aspex Management HK Ltd boosted its position in GDS Holdings Limited (NASDAQ:GDS - Free Report) by 23.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,926,727 shares of the company's stock after purchasing an additional 922,709 shares during the period. GDS makes up about 3.2% of Aspex Management HK Ltd's portfolio, making the stock its 13th largest holding. Aspex Management HK Ltd owned 2.59% of GDS worth $117,059,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Alberta Investment Management Corp acquired a new position in GDS in the fourth quarter worth approximately $4,935,000. JPMorgan Chase & Co. raised its position in shares of GDS by 7,553.4% during the third 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. Y Intercept Hong Kong Ltd lifted its holdings in shares of GDS by 165.5% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 54,127 shares of the company's stock valued at $1,286,000 after purchasing an additional 33,741 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of GDS in the 4th quarter valued at $2,373,000. Finally, State of New Jersey Common Pension Fund D purchased a new position in GDS in the 4th quarter worth about $1,938,000. 33.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on GDS. Royal Bank of Canada downgraded shares of GDS from an "outperform" rating to a "sector perform" rating and upped their price target for the company from $26.00 to $37.00 in a research report on Tuesday, February 25th. Citigroup reaffirmed an "outperform" rating on shares of GDS in a research report on Thursday, March 20th. Jefferies Financial Group raised 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. JMP Securities set a $40.00 price objective on GDS in a research report on Thursday, March 20th. Finally, Raymond James raised shares of GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 price target for the company in a research report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $39.48.

GDS Stock Down 1.1 %

NASDAQ GDS traded down $0.31 during trading on Monday, reaching $27.79. The company's stock had a trading volume of 1,429,796 shares, compared to its average volume of 2,073,617. 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 stock has a market capitalization of $5.30 billion, a PE ratio of -9.11 and a beta of 0.28. GDS Holdings Limited has a 1-year low of $7.35 and a 1-year high of $52.50. The business has a 50-day moving average price of $27.17 and a 200-day moving average price of $25.36.

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