GDS Holdings Limited (NASDAQ:GDS) Shares Sold by Headlands Technologies LLC

Headlands Technologies LLC lowered its holdings in shares of GDS Holdings Limited (NASDAQ:GDS) by 52.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,701 shares of the company’s stock after selling 34,121 shares during the period. Headlands Technologies LLC’s holdings in GDS were worth $729,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of GDS. LPL Financial LLC acquired a new position in shares of GDS during the 4th quarter worth approximately $310,000. American Century Companies Inc. raised its stake in GDS by 509.6% in the 4th 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 during the last quarter. OPTIMAS CAPITAL Ltd purchased a new position in GDS in the 4th quarter valued at about $4,096,000. PNC Financial Services Group Inc. boosted its stake 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 worth $75,000 after purchasing an additional 672 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of GDS during the fourth quarter worth about $2,373,000. Hedge funds and other institutional investors own 33.71% of the company’s stock.

GDS Stock Performance

GDS stock opened at $26.30 on Thursday. The company has a market cap of $5.01 billion, a price-to-earnings ratio of -8.62 and a beta of 0.24. GDS Holdings Limited has a 12 month low of $5.86 and a 12 month high of $52.50. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19. The stock’s 50-day moving average is $32.00 and its 200-day moving average is $25.10.

GDS (NASDAQ:GDS) last posted its quarterly earnings results on Wednesday, March 19th. The company reported ($0.10) EPS for the quarter, beating 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 last year, the firm posted ($2.16) earnings per share. GDS’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities analysts anticipate that GDS Holdings Limited will post -0.89 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on GDS shares. JMP Securities set a $40.00 target price on shares of GDS in a research report on Thursday, March 20th. 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 report on Tuesday, March 18th. Citigroup reiterated an “outperform” rating on shares of 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. Finally, Royal Bank of Canada downgraded shares of GDS from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from $26.00 to $37.00 in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $39.48.

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.