Mariner LLC Raises Position in GDS Holdings Limited (NASDAQ:GDS)

Mariner LLC boosted its position in GDS Holdings Limited (NASDAQ:GDS - Free Report) by 121.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,991 shares of the company's stock after buying an additional 13,716 shares during the quarter. Mariner LLC's holdings in GDS were worth $594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its stake in 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 boosted its holdings in shares of GDS by 1,904.2% in the fourth quarter. Wells Fargo & Company MN now owns 3,788 shares of the company's stock worth $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 in the last quarter. LPL Financial LLC bought a new stake in shares of GDS during the 4th quarter valued at $310,000. Finally, Bank of Montreal Can purchased a new stake in GDS during the 4th quarter worth about $428,000. 33.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GDS. Royal Bank of Canada downgraded shares of GDS from an "outperform" rating to a "sector perform" rating and increased their price target for the stock from $26.00 to $37.00 in a report on Tuesday, February 25th. Daiwa Capital Markets raised shares of GDS from a "neutral" rating to a "buy" rating in a report on Tuesday, February 11th. Jefferies Financial Group upgraded GDS from a "hold" rating to a "buy" rating and set a $45.00 price objective on the stock in a research report on Tuesday, March 18th. StockNews.com cut GDS from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. Finally, Raymond James raised GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 price target on the stock in a 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 assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, GDS has an average rating of "Buy" and a consensus price target of $39.48.

GDS Price Performance

NASDAQ:GDS traded up $0.27 during mid-day trading on Tuesday, reaching $28.06. The stock had a trading volume of 1,306,739 shares, compared to its average volume of 2,075,513. GDS Holdings Limited has a one year low of $7.35 and a one year high of $52.50. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a 50 day moving average price of $26.97 and a two-hundred day moving average price of $25.38. The stock has a market capitalization of $5.35 billion, a P/E ratio of -9.20 and a beta of 0.28.

GDS (NASDAQ:GDS - Get Free Report) last issued its earnings results 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 for the quarter, compared to analysts' expectations of $3.11 billion. During the same quarter last year, the company earned ($2.16) EPS. The firm's revenue was up 9.1% compared to the same quarter last year. As a group, analysts expect that GDS Holdings Limited will post -0.89 earnings per share 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.