Marshall Wace LLP Sells 148,057 Shares of GDS Holdings Limited (NASDAQ:GDS)

Marshall Wace LLP reduced its position in GDS Holdings Limited (NASDAQ:GDS) by 12.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,029,534 shares of the company’s stock after selling 148,057 shares during the period. Marshall Wace LLP owned 0.54% of GDS worth $24,462,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new stake in shares of GDS during the 3rd quarter valued at $64,000. PNC Financial Services Group Inc. lifted its holdings in shares of GDS by 26.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company’s stock worth $75,000 after buying an additional 672 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of GDS by 1,904.2% in the fourth quarter. Wells Fargo & Company MN now owns 3,788 shares of the company’s stock valued at $90,000 after acquiring an additional 3,599 shares during the period. Blue Trust Inc. grew its stake in GDS by 121.9% during the fourth quarter. Blue Trust Inc. now owns 5,557 shares of the company’s stock valued at $132,000 after acquiring an additional 3,053 shares in the last quarter. Finally, LPL Financial LLC bought a new stake in GDS during the 4th quarter worth approximately $310,000. 33.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on GDS shares. Citizens Jmp upgraded shares of GDS to a “strong-buy” rating in a research report on Monday, January 27th. Jefferies Financial Group upgraded GDS from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Tuesday, March 18th. StockNews.com lowered GDS from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Royal Bank of Canada downgraded 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. 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 investment analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $39.48.

GDS Stock Up 8.3 %

Shares of NASDAQ GDS opened at $21.47 on Friday. The stock has a market capitalization of $4.09 billion, a P/E ratio of -7.04 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 Holdings Limited has a one year low of $6.30 and a one year high of $52.50. The firm’s 50 day simple moving average is $30.72 and its two-hundred day simple moving average is $25.11.

GDS (NASDAQ:GDS) last issued its 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 company 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 firm’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the company earned ($2.16) EPS. As a group, analysts expect that GDS Holdings Limited will post -0.89 EPS for the current fiscal year.

GDS Company 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.