GDS (NASDAQ:GDS) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of GDS (NASDAQ:GDS) from a hold rating to a sell rating in a report released on Saturday,Wall Street Zen reports.

Several other research analysts have also recently weighed in on GDS. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GDS in a research note on Thursday, August 13th. Raymond James Financial reiterated a “strong-buy” rating and issued a $51.00 price target on shares of GDS in a research report on Tuesday, September 1st. Finally, Zacks Research downgraded shares of GDS from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, GDS presently has an average rating of “Moderate Buy” and an average target price of $48.12.

GDS Stock Performance

GDS stock opened at $30.39 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.78 and a current ratio of 1.78. The stock has a market capitalization of $6.09 billion, a price-to-earnings ratio of 14.13 and a beta of 0.42. GDS has a 1 year low of $26.97 and a 1 year high of $48.61. The stock’s fifty day moving average is $32.00 and its two-hundred day moving average is $35.10.

GDS (NASDAQ:GDS) last issued its quarterly earnings data on Tuesday, June 30th. The company reported $0.52 earnings per share (EPS) for the quarter. The business had revenue of $454.51 million during the quarter. GDS had a return on equity of 17.94% and a net margin of 30.70%. On average, research analysts predict that GDS will post 2.23 EPS for the current year.

Hedge Funds Weigh In On GDS

Large investors have recently made changes to their positions in the business. Sachem Head Capital Management LP raised its holdings in shares of GDS by 45.0% during the 4th quarter. Sachem Head Capital Management LP now owns 9,300,000 shares of the company’s stock valued at $324,570,000 after purchasing an additional 2,885,000 shares in the last quarter. Triata Capital Ltd lifted its stake in shares of GDS by 23.5% in the fourth quarter. Triata Capital Ltd now owns 2,974,298 shares of the company’s stock worth $103,803,000 after buying an additional 566,345 shares during the last quarter. Carrhae Capital LLP lifted its stake in shares of GDS by 51.1% in the second quarter. Carrhae Capital LLP now owns 3,300,419 shares of the company’s stock worth $99,112,000 after buying an additional 1,115,757 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of GDS by 25.5% in the first quarter. Bank of America Corp DE now owns 2,177,301 shares of the company’s stock worth $87,723,000 after buying an additional 442,414 shares during the last quarter. Finally, WCM Investment Management LLC bought a new stake in shares of GDS during the 1st quarter worth $68,092,000. Institutional investors and hedge funds own 33.71% of the company’s stock.

About GDS

GDS Holdings Limited (NASDAQ: GDS) is a developer and operator of data centers. The company provides data center infrastructure and related services to cloud service providers, internet companies, financial institutions, telecommunications carriers and multinational corporations.

Its services include wholesale and retail colocation, managed data center services, interconnection and cloud connectivity. GDS designs, builds and operates facilities intended to support customers’ critical information technology infrastructure, including cloud computing, data storage and other high-performance computing requirements.

Founded in 2001, GDS has historically focused on serving customers in China through data centers in major economic and technology centers.