Waterfront Capital Partners LLC Boosts Stock Holdings in GDS Holdings Limited (NASDAQ:GDS)

Waterfront Capital Partners LLC raised its holdings in shares of GDS Holdings Limited (NASDAQ:GDS - Free Report) by 316.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 970,199 shares of the company's stock after buying an additional 737,125 shares during the quarter. GDS comprises about 4.2% of Waterfront Capital Partners LLC's portfolio, making the stock its 11th biggest holding. Waterfront Capital Partners LLC owned approximately 0.51% of GDS worth $23,052,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. PNC Financial Services Group Inc. boosted its position in shares of GDS by 26.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company's stock valued at $75,000 after acquiring an additional 672 shares during the last quarter. Blue Trust Inc. boosted its holdings in GDS by 121.9% in the 4th 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. Invesco Ltd. grew its stake in shares of GDS by 4.1% in the 4th quarter. Invesco Ltd. now owns 88,423 shares of the company's stock valued at $2,101,000 after buying an additional 3,481 shares during the period. Wells Fargo & Company MN increased its holdings in shares of GDS by 1,904.2% during the 4th quarter. Wells Fargo & Company MN now owns 3,788 shares of the company's stock worth $90,000 after buying an additional 3,599 shares during the last quarter. Finally, Macroview Investment Management LLC raised its position in shares of GDS by 37.4% during the 4th quarter. Macroview Investment Management LLC now owns 18,550 shares of the company's stock valued at $441,000 after buying an additional 5,050 shares during the period. 33.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GDS. Jefferies Financial Group upgraded GDS from a "hold" rating to a "buy" rating and set a $45.00 price objective 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 report on Friday, February 28th. Citizens Jmp raised shares of GDS to a "strong-buy" rating in a research note on Monday, January 27th. JMP Securities set a $40.00 price target on shares of GDS in a research report on Thursday, March 20th. Finally, Raymond James upgraded shares of GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 price objective on the stock in a report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $39.48.

GDS Price Performance

GDS stock traded up $1.54 during mid-day trading on Wednesday, hitting $25.38. 1,600,354 shares of the company were exchanged, compared to its average volume of 2,067,618. The business's 50 day simple moving average is $28.31 and its two-hundred day simple moving average is $25.19. GDS Holdings Limited has a 12-month low of $7.35 and a 12-month high of $52.50. The company has a market capitalization of $4.84 billion, a P/E ratio of -8.32 and a beta of 0.23. 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 issued its quarterly 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. The business had revenue of $425.13 million during the quarter, compared to the consensus estimate of $3.11 billion. GDS had a negative net margin of 35.97% and a negative return on equity of 8.22%. The company's quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($2.16) earnings per share. Analysts forecast that GDS Holdings Limited will post -0.89 earnings per share 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.