Bamco Inc. NY Sells 473,816 Shares of GDS Holdings $GDS

Bamco Inc. NY cut its stake in shares of GDS Holdings (NASDAQ:GDS) by 11.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,784,848 shares of the company’s stock after selling 473,816 shares during the quarter. Bamco Inc. NY’s holdings in GDS were worth $132,091,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Parallel Advisors LLC increased its position in shares of GDS by 3.5% during the 4th quarter. Parallel Advisors LLC now owns 6,901 shares of the company’s stock worth $241,000 after purchasing an additional 236 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of GDS by 4.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,809 shares of the company’s stock worth $407,000 after purchasing an additional 421 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of GDS by 3.0% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 15,955 shares of the company’s stock worth $557,000 after purchasing an additional 468 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of GDS by 41.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company’s stock worth $55,000 after purchasing an additional 531 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in shares of GDS by 11.0% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 5,824 shares of the company’s stock worth $203,000 after purchasing an additional 577 shares in the last quarter. Institutional investors and hedge funds own 33.71% of the company’s stock.

GDS Stock Down 0.9%

GDS stock opened at $32.96 on Thursday. The company’s 50 day simple moving average is $39.55 and its 200 day simple moving average is $40.25. GDS Holdings has a fifty-two week low of $26.50 and a fifty-two week high of $48.61. The firm has a market capitalization of $6.60 billion, a price-to-earnings ratio of 20.99 and a beta of 0.39. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.87 and a quick ratio of 1.87.

GDS (NASDAQ:GDS) last released its quarterly earnings data on Friday, May 15th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $1.56. GDS had a net margin of 23.83% and a return on equity of 15.62%. The business had revenue of $426.13 million for the quarter, compared to analyst estimates of $436.44 million. During the same quarter last year, the firm earned $3.47 EPS. GDS’s quarterly revenue was up 23.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that GDS Holdings will post 5.65 EPS for the current year.

Analysts Set New Price Targets

GDS has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of GDS from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings upgraded shares of GDS from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Zacks Research cut shares of GDS from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. TD Cowen dropped their target price on shares of GDS from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Finally, Piper Sandler set a $36.00 target price on shares of GDS in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, GDS presently has an average rating of “Moderate Buy” and an average target price of $48.04.

Insider Activity at GDS

In other GDS news, Director Judy Qing Ye sold 37,394 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $36.21, for a total transaction of $1,354,036.74. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Yixin Qian sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $35.25, for a total transaction of $352,500.00. Following the sale, the vice president owned 66,865 shares in the company, valued at $2,356,991.25. This trade represents a 13.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 7.99% of the company’s stock.

GDS Company Profile

GDS Holdings Limited, founded in 2001 and headquartered in Shanghai, is a leading network-neutral data center services provider in China. The company operates a portfolio of state-of-the-art data center facilities designed to support the mission-critical IT infrastructure of cloud service providers, internet enterprises, financial institutions, and government entities. GDS was among the first Chinese providers to offer high-density colocation solutions, catering to customers with demanding computing and storage requirements.

GDS specializes in delivering scalable colocation, cross-connect, and interconnection services within its facilities, enabling clients to establish high-speed, low-latency connections to major cloud platforms and internet exchange points.