One Capital Management LLC Grows Stock Holdings in GDS Holdings $GDS

One Capital Management LLC grew its holdings in GDS Holdings (NASDAQ:GDS) by 41.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,048 shares of the company’s stock after purchasing an additional 17,280 shares during the quarter. One Capital Management LLC’s holdings in GDS were worth $2,061,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of GDS. Royal Bank of Canada lifted its stake in GDS by 30.7% in the 1st quarter. Royal Bank of Canada now owns 379,289 shares of the company’s stock worth $9,608,000 after purchasing an additional 89,059 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in GDS in the 1st quarter worth approximately $25,000. NewEdge Advisors LLC purchased a new position in GDS in the 1st quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. lifted its stake in GDS by 113.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the company’s stock worth $56,000 after purchasing an additional 974 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in GDS by 41.6% in 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. 33.71% of the stock is owned by hedge funds and other institutional investors.

GDS Stock Up 3.9%

GDS stock opened at $36.91 on Wednesday. The firm has a market cap of $7.40 billion, a PE ratio of 23.51 and a beta of 0.39. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.87 and a current ratio of 1.87. The firm’s 50 day moving average price is $41.19 and its 200-day moving average price is $40.00. GDS Holdings has a one year low of $23.67 and a one year high of $48.61.

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

Analyst Ratings Changes

GDS has been the topic of a number of research reports. Morgan Stanley reissued an “overweight” rating and issued a $64.00 target price on shares of GDS in a research note on Tuesday, March 17th. Piper Sandler set a $36.00 target price on shares of GDS in a research note on Thursday, May 21st. TD Cowen decreased their target price on shares of GDS from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Weiss Ratings raised shares of GDS from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Finally, Zacks Research lowered shares of GDS from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $48.04.

About GDS

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.