GDS Holdings Limited (NASDAQ:GDS) Shares Sold by Polymer Capital Management HK LTD

Polymer Capital Management HK LTD lessened its holdings in shares of GDS Holdings Limited (NASDAQ:GDS) by 57.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 75,276 shares of the company’s stock after selling 102,077 shares during the quarter. Polymer Capital Management HK LTD’s holdings in GDS were worth $1,789,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Public Employees Retirement System of Ohio purchased a new stake in GDS during the 3rd quarter worth approximately $64,000. PNC Financial Services Group Inc. increased its position in shares of GDS by 26.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company’s stock worth $75,000 after acquiring an additional 672 shares during the period. Wells Fargo & Company MN increased its position in shares of GDS by 1,904.2% during the fourth quarter. Wells Fargo & Company MN now owns 3,788 shares of the company’s stock worth $90,000 after acquiring an additional 3,599 shares during the period. Blue Trust Inc. raised its stake in shares of GDS by 121.9% in 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. Finally, Brookfield Corp ON purchased a new position in GDS in the third quarter valued at $171,000. Hedge funds and other institutional investors own 33.71% of the company’s stock.

Analyst Ratings Changes

GDS has been the topic of a number of analyst reports. Raymond James raised GDS from an “outperform” rating to a “strong-buy” rating and set a $53.00 price target on the stock in a research report on Thursday, March 20th. Daiwa Capital Markets raised shares of GDS from a “neutral” rating to a “buy” rating in a report on Tuesday, February 11th. Royal Bank of Canada downgraded shares of GDS from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from $26.00 to $37.00 in a research note on Tuesday, February 25th. StockNews.com downgraded shares of GDS from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Finally, Jefferies Financial Group upgraded shares of GDS from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, GDS currently has an average rating of “Buy” and a consensus target price of $39.48.

GDS Trading Down 12.0 %

NASDAQ GDS opened at $21.48 on Friday. The firm’s fifty day moving average price is $32.04 and its 200 day moving average price is $25.18. GDS Holdings Limited has a 12 month low of $5.86 and a 12 month high of $52.50. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of -7.04 and a beta of 0.24.

GDS (NASDAQ:GDS) last issued its quarterly earnings data on Wednesday, March 19th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.17. GDS had a negative return on equity of 8.22% and a negative net margin of 35.97%. The company had revenue of $425.13 million for the quarter, compared to analyst estimates of $3.11 billion. During the same quarter last year, the company posted ($2.16) earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, sell-side analysts expect that GDS Holdings Limited will post -0.89 earnings per share for the current fiscal year.

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.