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

Aspex Management HK Ltd boosted its holdings in GDS Holdings Limited (NASDAQ:GDS - Free Report) by 23.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,926,727 shares of the company's stock after purchasing an additional 922,709 shares during the period. GDS comprises 3.2% of Aspex Management HK Ltd's portfolio, making the stock its 13th largest position. Aspex Management HK Ltd owned 2.59% of GDS worth $117,059,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its position in shares of GDS by 26.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company's stock valued at $75,000 after purchasing an additional 672 shares during the period. Wells Fargo & Company MN boosted its holdings in GDS by 1,904.2% during 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. grew its position 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 purchasing an additional 3,053 shares during the last quarter. LPL Financial LLC bought a new position in shares of GDS in the fourth quarter worth about $310,000. Finally, Bank of Montreal Can bought a new stake in GDS during the 4th quarter valued at approximately $428,000. Institutional investors and hedge funds own 33.71% of the company's stock.

GDS Stock Performance

GDS traded up $0.24 during trading on Thursday, hitting $26.43. The stock had a trading volume of 459,377 shares, compared to its average volume of 2,069,669. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19. The company has a 50 day moving average price of $26.73 and a 200-day moving average price of $25.38. GDS Holdings Limited has a one year low of $7.35 and a one year high of $52.50. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of -8.67 and a beta of 0.28.

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, topping 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 for the quarter, compared to analyst estimates of $3.11 billion. During the same quarter last year, the business posted ($2.16) EPS. The firm's revenue for the quarter was up 9.1% on a year-over-year basis. As a group, research analysts predict that GDS Holdings Limited will post -0.89 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on GDS shares. Citigroup reaffirmed an "outperform" rating on shares of GDS in a report on Thursday, March 20th. Raymond James upgraded GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 price objective for the company 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 for the company in a research report on Tuesday, March 18th. StockNews.com downgraded GDS from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Finally, JMP Securities set a $40.00 target price on shares of GDS in a report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price 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.