Cubist Systematic Strategies LLC trimmed its holdings in GDS Holdings Limited (NASDAQ:GDS) by 74.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,110 shares of the company’s stock after selling 14,906 shares during the period. Cubist Systematic Strategies LLC’s holdings in GDS were worth $418,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of GDS. Bank of New York Mellon Corp boosted its stake in GDS by 25.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 137,419 shares of the company’s stock worth $10,947,000 after buying an additional 27,814 shares during the last quarter. AJO LP raised its holdings in shares of GDS by 31.0% in the 2nd quarter. AJO LP now owns 1,411 shares of the company’s stock worth $112,000 after purchasing an additional 334 shares during the period. FIL Ltd purchased a new position in shares of GDS in the 2nd quarter worth about $169,000. Formula Growth Ltd. raised its holdings in shares of GDS by 48.9% in the 2nd quarter. Formula Growth Ltd. now owns 54,705 shares of the company’s stock worth $4,358,000 after purchasing an additional 17,970 shares during the period. Finally, APG Asset Management N.V. raised its holdings in shares of GDS by 29.3% in the 2nd quarter. APG Asset Management N.V. now owns 21,600 shares of the company’s stock worth $1,532,000 after purchasing an additional 4,900 shares during the period. 65.15% of the stock is currently owned by hedge funds and other institutional investors.
GDS opened at $93.64 on Friday. GDS Holdings Limited has a one year low of $43.27 and a one year high of $100.50. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.21 and a current ratio of 1.21. The stock’s fifty day moving average is $91.01 and its 200-day moving average is $83.83. The company has a market capitalization of $14.24 billion, a PE ratio of -180.08 and a beta of 1.18.
GDS (NASDAQ:GDS) last issued its quarterly earnings results on Sunday, November 15th. The company reported ($1.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($1.31). GDS had a negative net margin of 9.66% and a negative return on equity of 4.34%. The business had revenue of $224.57 million for the quarter, compared to analysts’ expectations of $212.74 million. On average, equities research analysts forecast that GDS Holdings Limited will post -0.51 EPS for the current fiscal year.
Several brokerages recently commented on GDS. HSBC upgraded GDS from a “hold” rating to a “buy” rating in a report on Tuesday, November 17th. BidaskClub downgraded GDS from a “buy” rating to a “hold” rating in a report on Monday, December 28th. ValuEngine downgraded GDS from a “buy” rating to a “hold” rating in a report on Tuesday, December 1st. Truist lifted their price objective on GDS from $100.00 to $115.00 in a report on Thursday, November 12th. Finally, Zacks Investment Research upgraded GDS from a “sell” rating to a “hold” rating in a report on Thursday, November 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $85.89.
GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation, managed hosting, and managed cloud services, as well as consulting services to the cloud, internet and banking industries. The company serves cloud service providers, Internet companies, financial institutions, telecommunications and IT service providers, and large domestic private sector and multinational corporations.
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