GDS Holdings $GDS Shares Sold by Beaconlight Capital LLC

Beaconlight Capital LLC cut its holdings in GDS Holdings (NASDAQ:GDS) by 15.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 136,043 shares of the company’s stock after selling 25,772 shares during the period. GDS makes up about 2.8% of Beaconlight Capital LLC’s portfolio, making the stock its 16th largest holding. Beaconlight Capital LLC’s holdings in GDS were worth $4,748,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. DV Equities LLC bought a new stake in shares of GDS during the 4th quarter worth about $6,045,000. AQR Capital Management LLC purchased a new position in GDS during the fourth quarter valued at approximately $311,000. Jain Global LLC grew its position in GDS by 24.8% in the fourth quarter. Jain Global LLC now owns 202,193 shares of the company’s stock worth $7,057,000 after acquiring an additional 40,238 shares in the last quarter. Laird Norton Wetherby Trust Company LLC bought a new stake in GDS in the fourth quarter worth approximately $713,000. Finally, Trexquant Investment LP grew its position in GDS by 162.1% in the fourth quarter. Trexquant Investment LP now owns 106,406 shares of the company’s stock worth $3,714,000 after acquiring an additional 65,812 shares in the last quarter. 33.71% of the stock is owned by institutional investors and hedge funds.

GDS Stock Down 0.9%

Shares of NASDAQ:GDS opened at $32.96 on Thursday. The company has a 50 day moving average of $39.55 and a 200-day moving average of $40.25. GDS Holdings has a one year low of $26.50 and a one year high of $48.61. The stock has a market cap of $6.60 billion, a price-to-earnings ratio of 20.99 and a beta of 0.39. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.87 and a quick ratio of 1.87.

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

Insider Activity at GDS

In other GDS news, VP Yixin Qian sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $35.25, for a total transaction of $352,500.00. Following the sale, the vice president directly owned 66,865 shares in the company, valued at approximately $2,356,991.25. This trade represents a 13.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Judy Qing Ye sold 37,394 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $36.21, for a total transaction of $1,354,036.74. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 7.99% of the company’s stock.

Analyst Upgrades and Downgrades

GDS has been the subject of several recent analyst reports. Piper Sandler set a $36.00 price objective on shares of GDS in a report on Thursday, May 21st. Morgan Stanley restated an “overweight” rating and issued a $64.00 price objective on shares of GDS in a research note on Tuesday, March 17th. Wall Street Zen upgraded shares of GDS from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. TD Cowen dropped their target price on shares of GDS from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Finally, Zacks Research lowered shares of GDS from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus 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.