GDS Holdings Limited (NASDAQ:GDS) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP lowered its stake in shares of GDS Holdings Limited (NASDAQ:GDS) by 6.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 661,087 shares of the company’s stock after selling 44,551 shares during the period. Two Sigma Investments LP owned about 0.35% of GDS worth $15,707,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. raised its position in GDS by 121.9% during the fourth quarter. Blue Trust Inc. now owns 5,557 shares of the company’s stock valued at $132,000 after acquiring an additional 3,053 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of GDS by 26.5% during the 4th quarter. Pacer Advisors Inc. now owns 898,982 shares of the company’s stock worth $21,360,000 after purchasing an additional 188,072 shares during the period. abrdn plc grew its stake in shares of GDS by 5.4% during the 4th quarter. abrdn plc now owns 279,800 shares of the company’s stock worth $6,648,000 after purchasing an additional 14,300 shares during the period. Macroview Investment Management LLC increased its holdings in shares of GDS by 37.4% during the 4th quarter. Macroview Investment Management LLC now owns 18,550 shares of the company’s stock valued at $441,000 after purchasing an additional 5,050 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D acquired a new position in shares of GDS in the 4th quarter valued at $1,938,000. Institutional investors and hedge funds own 33.71% of the company’s stock.

GDS Trading Down 5.0%

GDS stock opened at $28.16 on Friday. The business’s 50-day moving average is $24.85 and its 200 day moving average is $25.83. GDS Holdings Limited has a 12-month low of $7.35 and a 12-month high of $52.50. The stock has a market cap of $5.37 billion, a price-to-earnings ratio of -9.23 and a beta of 0.28. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25.

GDS (NASDAQ:GDS) last issued its quarterly earnings results on Tuesday, May 20th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.70. GDS had a negative return on equity of 8.22% and a negative net margin of 35.97%. The firm had revenue of $375.14 million for the quarter, compared to analyst estimates of $2.72 billion. During the same period in the previous year, the company posted ($1.96) earnings per share. The business’s revenue was up 3.6% on a year-over-year basis. On average, sell-side analysts anticipate that GDS Holdings Limited will post -0.89 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. JMP Securities restated a “market outperform” rating and set a $40.00 price target on shares of GDS in a research report on Wednesday. Wall Street Zen upgraded GDS from a “sell” rating to a “hold” rating in a research report on Wednesday. Citizens Jmp raised GDS to a “strong-buy” rating in a report on Monday, January 27th. Raymond James raised GDS from an “outperform” rating to a “strong-buy” rating and set a $53.00 price objective on the stock in a report on Thursday, March 20th. Finally, Royal Bank of Canada cut GDS from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from $26.00 to $37.00 in a research report on Tuesday, February 25th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, GDS currently has an average rating of “Buy” and an average target price of $39.48.

About GDS

GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services.