1832 Asset Management L.P. grew its position in shares of GDS Holdings Ltd – (NASDAQ:GDS) by 27.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 157,500 shares of the company’s stock after buying an additional 34,200 shares during the quarter. 1832 Asset Management L.P.’s holdings in GDS were worth $3,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Virtus Alternative Investment Advisers Inc. bought a new position in GDS in the 3rd quarter worth $142,000. Bridgewater Associates LP bought a new position in GDS in the 3rd quarter worth $266,000. Stevens Capital Management LP bought a new position in GDS in the 4th quarter worth $205,000. Jane Street Group LLC bought a new position in GDS in the 3rd quarter worth $342,000. Finally, Fullerton Fund Management Co Ltd bought a new position in GDS in the 3rd quarter worth $358,000. 46.62% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on the company. Zacks Investment Research cut GDS from a “hold” rating to a “sell” rating in a report on Wednesday. Credit Suisse Group set a $42.00 price target on GDS and gave the stock a “buy” rating in a research note on Tuesday. TheStreet upgraded GDS from a “d” rating to a “c-” rating in a research note on Wednesday, March 13th. Finally, BidaskClub upgraded GDS from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Two analysts have rated the stock with a sell rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $41.75.
GDS (NASDAQ:GDS) last issued its quarterly earnings results on Wednesday, March 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.03). GDS had a negative return on equity of 7.56% and a negative net margin of 15.41%. The business had revenue of $829.52 million during the quarter, compared to analysts’ expectations of $822.31 million. During the same quarter in the previous year, the company posted ($0.12) EPS. The company’s quarterly revenue was up 64.1% on a year-over-year basis. Analysts expect that GDS Holdings Ltd – will post -0.32 EPS for the current year.
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.
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