Fiera Capital Corp Buys New Shares in GDS Holdings $GDS

Fiera Capital Corp bought a new stake in GDS Holdings (NASDAQ:GDS) in the 4th quarter, Holdings Channel.com reports. The fund bought 71,052 shares of the company’s stock, valued at approximately $2,480,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its stake in GDS by 3.5% in the fourth quarter. Parallel Advisors LLC now owns 6,901 shares of the company’s stock valued at $241,000 after purchasing an additional 236 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of GDS by 4.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,809 shares of the company’s stock worth $407,000 after acquiring an additional 421 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of GDS by 41.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company’s stock worth $55,000 after acquiring an additional 531 shares during the last quarter. Assetmark Inc. boosted its position in shares of GDS by 1,123.2% in the third quarter. Assetmark Inc. now owns 685 shares of the company’s stock worth $27,000 after acquiring an additional 629 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC boosted its position in shares of GDS by 4.2% in the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 15,787 shares of the company’s stock worth $611,000 after acquiring an additional 636 shares during the last quarter. 33.71% of the stock is currently owned by institutional investors and hedge funds.

GDS Price Performance

GDS stock opened at $36.11 on Wednesday. GDS Holdings has a 52-week low of $25.47 and a 52-week high of $48.61. The firm has a fifty day moving average of $40.36 and a 200-day moving average of $40.23. The firm has a market capitalization of $7.24 billion, a P/E ratio of 23.00 and a beta of 0.39. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 1.25.

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

Insider Activity at GDS

In other GDS news, Director Judy Qing Ye sold 37,394 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $36.21, for a total transaction of $1,354,036.74. The sale was disclosed in a legal filing with the SEC, which is available at this link. 7.99% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the company. TD Cowen dropped their price objective on GDS from $37.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Weiss Ratings upgraded GDS from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 18th. Wall Street Zen upgraded GDS from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $64.00 price objective on shares of GDS in a research note on Tuesday, March 17th. Finally, Zacks Research lowered GDS from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.04.

GDS 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.