BlackRock Inc. boosted its position in GDS Holdings Ltd – (NASDAQ:GDS) by 22.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,918,103 shares of the company’s stock after acquiring an additional 706,695 shares during the period. BlackRock Inc. owned 3.34% of GDS worth $90,469,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of Montreal Can raised its position in shares of GDS by 4.5% during the fourth quarter. Bank of Montreal Can now owns 18,515 shares of the company’s stock worth $428,000 after purchasing an additional 797 shares during the period. Xact Kapitalforvaltning AB raised its position in GDS by 10.9% in the 4th quarter. Xact Kapitalforvaltning AB now owns 11,200 shares of the company’s stock valued at $259,000 after buying an additional 1,100 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of GDS by 42.8% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,874 shares of the company’s stock worth $248,000 after purchasing an additional 3,557 shares during the last quarter. Virtus Alternative Investment Advisers Inc. acquired a new position in shares of GDS during the 3rd quarter worth approximately $142,000. Finally, Shell Asset Management Co. increased its position in shares of GDS by 78.0% during the 3rd quarter. Shell Asset Management Co. now owns 10,500 shares of the company’s stock worth $369,000 after purchasing an additional 4,600 shares during the last quarter. Hedge funds and other institutional investors own 47.03% of the company’s stock.
Several brokerages have recently commented on GDS. BidaskClub upgraded GDS from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 11th. Zacks Investment Research downgraded GDS from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Credit Suisse Group set a $42.00 target price on GDS and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Finally, TheStreet upgraded GDS from a “d” rating to a “c-” rating in a research note on Wednesday, March 13th. Two analysts have rated the stock with a sell rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $41.75.
GDS (NASDAQ:GDS) last announced its earnings results on Wednesday, March 13th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.03). GDS had a negative net margin of 15.41% and a negative return on equity of 7.56%. The business had revenue of $829.52 million for the quarter, compared to the consensus estimate of $822.31 million. During the same quarter in the previous year, the company earned ($0.12) EPS. The firm’s revenue for the quarter was up 64.1% on a year-over-year basis. As a group, analysts forecast that GDS Holdings Ltd – will post -0.33 earnings per share for the current fiscal year.
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GDS Holdings Limited, together with its subsidiaries, designs, builds, and operates data centers in the People's Republic of China. The company provides colocation, managed hosting, and managed cloud services, as well as consulting services. Its data centers service customers that primarily operate in the Internet and banking industries in Shanghai and Beijing municipalities; and Jiangsu, Guangdong, Sichuan, and Hebei Provinces.
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