Monolith Management Ltd Acquires Shares of 273,405 GDS Holdings Limited (NASDAQ:GDS)

Monolith Management Ltd bought a new position in shares of GDS Holdings Limited (NASDAQ:GDS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 273,405 shares of the company's stock, valued at approximately $6,496,000. GDS makes up about 3.4% of Monolith Management Ltd's investment portfolio, making the stock its 11th biggest position. Monolith Management Ltd owned 0.14% of GDS as of its most recent SEC filing.

Several other large investors have also bought and sold shares of GDS. Alberta Investment Management Corp acquired a new stake in shares of GDS during the fourth quarter valued at about $4,935,000. JPMorgan Chase & Co. boosted its stake 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 valued at $12,461,000 after purchasing an additional 602,840 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its stake 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 in the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in shares of GDS during the fourth quarter valued at about $1,938,000. Finally, American Century Companies Inc. boosted its stake in shares of GDS by 509.6% during the fourth quarter. American Century Companies Inc. now owns 2,323,482 shares of the company's stock valued at $55,206,000 after purchasing an additional 1,942,341 shares in the last quarter. 33.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. JMP Securities set a $40.00 price target on GDS in a research note on Thursday, March 20th. Citizens Jmp raised GDS to a "strong-buy" rating in a research note on Monday, January 27th. Royal Bank of Canada cut GDS from an "outperform" rating to a "sector perform" rating and upped their target price for the company from $26.00 to $37.00 in a report on Tuesday, February 25th. Jefferies Financial Group upgraded shares of GDS from a "hold" rating to a "buy" rating and set a $45.00 price target for the company in a report on Tuesday, March 18th. Finally, Daiwa Capital Markets raised shares of GDS from a "neutral" rating to a "buy" rating in a research note on Tuesday, February 11th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, GDS has an average rating of "Buy" and a consensus target price of $39.48.

GDS Trading Up 6.5 %

Shares of NASDAQ:GDS traded up $1.54 during trading on Wednesday, reaching $25.38. The stock had a trading volume of 1,600,354 shares, compared to its average volume of 2,067,618. The firm's fifty day moving average is $28.31 and its 200 day moving average is $25.19. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19. GDS Holdings Limited has a 52 week low of $7.35 and a 52 week high of $52.50. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of -8.32 and a beta of 0.23.

GDS (NASDAQ:GDS - Get Free Report) last issued its 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. The business had revenue of $425.13 million for the quarter, compared to analyst estimates of $3.11 billion. GDS had a negative net margin of 35.97% and a negative return on equity of 8.22%. GDS's revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($2.16) earnings per share. As a group, equities analysts forecast that GDS Holdings Limited will post -0.89 EPS 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.