Schonfeld Strategic Advisors LLC Takes Position in GDS Holdings Limited (NASDAQ:GDS)

Schonfeld Strategic Advisors LLC purchased a new stake in shares of GDS Holdings Limited (NASDAQ:GDS - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 163,000 shares of the company's stock, valued at approximately $3,873,000. Schonfeld Strategic Advisors LLC owned about 0.09% of GDS at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of GDS. Alberta Investment Management Corp acquired a new position in GDS during the 4th quarter valued at $4,935,000. JPMorgan Chase & Co. lifted its position in GDS by 7,553.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 610,821 shares of the company's stock worth $12,461,000 after buying an additional 602,840 shares in the last quarter. Y Intercept Hong Kong Ltd raised its position in GDS by 165.5% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 54,127 shares of the company's stock worth $1,286,000 after purchasing an additional 33,741 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in GDS in the fourth quarter worth about $2,373,000. Finally, State of New Jersey Common Pension Fund D bought a new stake in shares of GDS during the fourth quarter worth approximately $1,938,000. 33.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on GDS. 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 research report on Thursday, March 20th. Royal Bank of Canada lowered shares of GDS from an "outperform" rating to a "sector perform" rating and upped their price target for the stock from $26.00 to $37.00 in a research report on Tuesday, February 25th. Citigroup reiterated an "outperform" rating on shares of GDS in a research note on Thursday, March 20th. Daiwa Capital Markets upgraded GDS from a "neutral" rating to a "buy" rating in a report on Tuesday, February 11th. Finally, JMP Securities set a $40.00 price objective on shares of GDS in a report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $39.48.

GDS Stock Performance

Shares of GDS traded down $1.93 during mid-day trading on Wednesday, hitting $26.14. The stock had a trading volume of 1,495,030 shares, compared to its average volume of 2,073,202. The business has a fifty day moving average price of $26.97 and a 200-day moving average price of $25.38. GDS Holdings Limited has a 52 week low of $7.35 and a 52 week high of $52.50. The firm has a market cap of $4.98 billion, a P/E ratio of -8.57 and a beta of 0.28. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19.

GDS (NASDAQ:GDS - Get Free Report) last released its quarterly earnings results on Wednesday, March 19th. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.17. The firm had revenue of $425.13 million for the quarter, compared to analysts' expectations of $3.11 billion. GDS had a negative net margin of 35.97% and a negative return on equity of 8.22%. The business's quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($2.16) earnings per share. On average, equities research analysts expect that GDS Holdings Limited will post -0.89 EPS for the current year.

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.