Stock Traders Purchase High Volume of GDS Call Options (GDS)

GDS Holdings Ltd – (NASDAQ:GDS) was the target of some unusual options trading on Wednesday. Investors acquired 40,288 call options on the stock. This is an increase of 29,307% compared to the typical volume of 137 call options.

Several institutional investors have recently bought and sold shares of the company. Centre Asset Management LLC bought a new position in shares of GDS in the third quarter worth $266,000. United Services Automobile Association bought a new position in shares of GDS in the second quarter worth $277,000. Northern Trust Corp boosted its stake in GDS by 265.9% during the second quarter. Northern Trust Corp now owns 259,792 shares of the company’s stock valued at $10,415,000 after buying an additional 188,784 shares during the period. Bank of New York Mellon Corp boosted its stake in GDS by 27.2% during the second quarter. Bank of New York Mellon Corp now owns 140,301 shares of the company’s stock valued at $5,625,000 after buying an additional 30,026 shares during the period. Finally, Paragon Capital Management Ltd bought a new stake in GDS during the second quarter valued at $413,000. 39.28% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on the company. BidaskClub lowered GDS from a “hold” rating to a “sell” rating in a report on Saturday, October 6th. Zacks Investment Research lowered GDS from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Raymond James assumed coverage on GDS in a report on Thursday, July 12th. They set a “strong-buy” rating and a $53.00 price objective for the company. Guggenheim began coverage on GDS in a report on Thursday, June 14th. They set a “buy” rating and a $50.00 price objective for the company. Finally, Cowen began coverage on GDS in a report on Monday, September 10th. They issued an “outperform” rating and a $45.00 price target for the company. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $38.46.

GDS stock opened at $23.79 on Thursday. GDS has a one year low of $12.35 and a one year high of $46.18. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a market capitalization of $4.13 billion, a PE ratio of -46.65 and a beta of 2.69.

GDS (NASDAQ:GDS) last posted its quarterly earnings results on Tuesday, August 14th. The company reported ($0.12) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.01). GDS had a negative return on equity of 8.53% and a negative net margin of 18.51%. The company had revenue of $96.34 million during the quarter, compared to the consensus estimate of $92.48 million. Analysts anticipate that GDS will post -0.41 EPS for the current fiscal year.

GDS Company Profile

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. Its data centers service customers that primarily operate in the Internet and banking industries in Shanghai, Beijing, Shenzhen, Guangzhou, and Chengdu.

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