Los Angeles Capital Management & Equity Research Inc. Takes Position in GDS Holdings Ltd – (GDS)

Los Angeles Capital Management & Equity Research Inc. purchased a new stake in GDS Holdings Ltd – (NASDAQ:GDS) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 20,000 shares of the company’s stock, valued at approximately $462,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Shell Asset Management Co. lifted its stake in GDS by 78.0% during the third quarter. Shell Asset Management Co. now owns 10,500 shares of the company’s stock valued at $369,000 after buying an additional 4,600 shares in the last quarter. Singapore Technologies Telemedia Pte Ltd lifted its stake in GDS by 8.5% during the third quarter. Singapore Technologies Telemedia Pte Ltd now owns 7,187,821 shares of the company’s stock valued at $252,508,000 after buying an additional 562,165 shares in the last quarter. MARSHALL WACE ASIA Ltd purchased a new stake in GDS during the third quarter valued at about $1,600,000. Pictet Asset Management Ltd. lifted its stake in GDS by 1,510.3% during the third quarter. Pictet Asset Management Ltd. now owns 1,281,800 shares of the company’s stock valued at $45,030,000 after buying an additional 1,202,200 shares in the last quarter. Finally, Vanguard Group Inc lifted its stake in GDS by 1,030.8% during the third quarter. Vanguard Group Inc now owns 1,638,232 shares of the company’s stock valued at $57,551,000 after buying an additional 1,493,362 shares in the last quarter. 46.69% of the stock is owned by institutional investors.

NASDAQ GDS opened at $35.58 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.94. The company has a market capitalization of $4.16 billion, a PE ratio of -69.76 and a beta of 3.25. GDS Holdings Ltd – has a 52-week low of $18.59 and a 52-week high of $46.18.

GDS (NASDAQ:GDS) last posted its quarterly earnings results on Wednesday, March 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03). The company had revenue of $829.52 million during the quarter, compared to analysts’ expectations of $822.31 million. GDS had a negative return on equity of 7.97% and a negative net margin of 17.19%. GDS’s revenue for the quarter was up 64.1% compared to the same quarter last year. During the same period last year, the company earned ($0.12) earnings per share. Sell-side analysts predict that GDS Holdings Ltd – will post -0.47 EPS for the current fiscal year.

GDS has been the subject of a number of analyst reports. BidaskClub raised shares of GDS from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Zacks Investment Research lowered shares of GDS from a “hold” rating to a “sell” rating in a research note on Friday, November 16th. Finally, TheStreet raised shares of GDS from a “d” rating to a “c-” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $40.38.

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GDS Company Profile

GDS Holdings Limited, together with its subsidiaries, designs, builds, and operates data centers in the People's Republic of China. The company provides colocation, managed hosting, and managed cloud services. Its data centers service customers that primarily operate in the Internet and banking industries in Shanghai, Beijing, Shenzhen, Guangzhou, and Chengdu.

Further Reading: Capital Gains

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Institutional Ownership by Quarter for GDS (NASDAQ:GDS)

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