GDS (NASDAQ:GDS) Shares Up 3.9%

GDS Holdings Limited (NASDAQ:GDS)’s share price was up 3.9% during mid-day trading on Tuesday . The stock traded as high as $9.70 and last traded at $9.66. Approximately 146,768 shares traded hands during trading, a decline of 91% from the average daily volume of 1,557,904 shares. The stock had previously closed at $9.30.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on GDS shares. JPMorgan Chase & Co. reduced their price objective on shares of GDS from $12.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, March 28th. StockNews.com raised shares of GDS to a “sell” rating in a report on Thursday, March 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $12.58.

GDS Price Performance

The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.25. The firm’s 50 day simple moving average is $8.49 and its 200 day simple moving average is $7.56. The company has a market capitalization of $1.91 billion, a PE ratio of -3.07 and a beta of 0.20.

GDS (NASDAQ:GDS) last issued its earnings results on Wednesday, May 22nd. The company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.06. The firm had revenue of $363.89 million during the quarter, compared to analyst estimates of $366.92 million. GDS had a negative net margin of 41.33% and a negative return on equity of 8.70%. As a group, research analysts anticipate that GDS Holdings Limited will post -1.25 EPS for the current fiscal year.

Institutional Investors Weigh In On GDS

A number of hedge funds and other institutional investors have recently bought and sold shares of GDS. PNC Financial Services Group Inc. lifted its position in GDS by 23.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,843 shares of the company’s stock worth $64,000 after acquiring an additional 1,123 shares during the period. Wellington Management Group LLP lifted its holdings in shares of GDS by 26.2% during the third quarter. Wellington Management Group LLP now owns 169,964 shares of the company’s stock worth $1,861,000 after purchasing an additional 35,298 shares during the period. Pacer Advisors Inc. acquired a new stake in shares of GDS during the fourth quarter worth about $6,952,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of GDS by 43.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 174,157 shares of the company’s stock worth $1,588,000 after purchasing an additional 52,747 shares during the period. Finally, Cerity Partners LLC acquired a new stake in shares of GDS during the fourth quarter worth about $13,928,000. Hedge funds and other institutional investors own 33.71% of the company’s stock.

GDS Company Profile

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.