GDS Holdings Limited (NASDAQ:GDS) Stock Holdings Lifted by Saba Capital Management L.P.

Saba Capital Management L.P. boosted its stake in shares of GDS Holdings Limited (NASDAQ:GDS - Free Report) by 33.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 159,328 shares of the company's stock after purchasing an additional 40,000 shares during the quarter. Saba Capital Management L.P. owned approximately 0.08% of GDS worth $3,786,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Blue Trust Inc. grew its position in GDS by 121.9% in the 4th quarter. Blue Trust Inc. now owns 5,557 shares of the company's stock worth $132,000 after purchasing an additional 3,053 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of GDS by 26.5% during the fourth quarter. Pacer Advisors Inc. now owns 898,982 shares of the company's stock worth $21,360,000 after buying an additional 188,072 shares during the period. abrdn plc grew its holdings in GDS by 5.4% in the 4th quarter. abrdn plc now owns 279,800 shares of the company's stock worth $6,648,000 after buying an additional 14,300 shares in the last quarter. Macroview Investment Management LLC increased its position in GDS by 37.4% in the 4th quarter. Macroview Investment Management LLC now owns 18,550 shares of the company's stock valued at $441,000 after acquiring an additional 5,050 shares during the period. Finally, State of New Jersey Common Pension Fund D acquired a new stake in GDS in the 4th quarter valued at approximately $1,938,000. Institutional investors and hedge funds own 33.71% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Citigroup reissued an "outperform" rating on shares of GDS in a research note on Thursday, March 20th. Raymond James raised shares of GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 price objective for the company in a report on Thursday, March 20th. Royal Bank of Canada cut shares of GDS from an "outperform" rating to a "sector perform" rating and raised their target price for the company from $26.00 to $37.00 in a research note on Tuesday, February 25th. JMP Securities set a $40.00 price target on shares of GDS in a research report on Thursday, March 20th. Finally, Jefferies Financial Group raised shares of GDS from a "hold" rating to a "buy" rating and set a $45.00 price target for the company in a research note on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $39.48.

GDS Price Performance

Shares of NASDAQ GDS traded up $0.50 during midday trading on Tuesday, reaching $27.58. The company's stock had a trading volume of 3,410,756 shares, compared to its average volume of 2,096,733. GDS Holdings Limited has a one year low of $7.35 and a one year high of $52.50. The company has a market cap of $5.26 billion, a price-to-earnings ratio of -9.04 and a beta of 0.28. The company has a 50 day moving average price of $25.23 and a 200 day moving average price of $25.74. 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 (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 firm had revenue of $425.13 million for the quarter, compared to analyst estimates of $3.11 billion. During the same quarter in the previous year, the business posted ($2.16) earnings per share. The firm's quarterly revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts expect that GDS Holdings Limited will post -0.89 EPS 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.