Point72 Asset Management L.P. Sells 52,546 Shares of GDS Holdings Limited (NASDAQ:GDS)

Point72 Asset Management L.P. trimmed its position in GDS Holdings Limited (NASDAQ:GDS) by 34.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,554 shares of the company’s stock after selling 52,546 shares during the quarter. Point72 Asset Management L.P.’s holdings in GDS were worth $2,389,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Alberta Investment Management Corp acquired a new stake in shares of GDS during the 4th quarter worth approximately $4,935,000. Y Intercept Hong Kong Ltd boosted its stake in GDS by 165.5% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 54,127 shares of the company’s stock valued at $1,286,000 after acquiring an additional 33,741 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in GDS during the 4th quarter worth $2,373,000. State of New Jersey Common Pension Fund D bought a new stake in shares of GDS during the 4th quarter valued at $1,938,000. Finally, American Century Companies Inc. raised its position in shares of GDS by 509.6% during the 4th quarter. American Century Companies Inc. now owns 2,323,482 shares of the company’s stock valued at $55,206,000 after acquiring an additional 1,942,341 shares during the last quarter. 33.71% of the stock is owned by institutional investors.

GDS Trading Up 1.8%

NASDAQ GDS opened at $27.58 on Wednesday. GDS Holdings Limited has a one year low of $7.35 and a one year 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 firm has a market cap of $5.26 billion, a P/E ratio of -9.04 and a beta of 0.28. The stock’s 50-day moving average is $25.11 and its 200-day moving average is $25.75.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Daiwa Capital Markets raised GDS from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 11th. Citigroup restated an “outperform” rating on shares of GDS in a research report on Thursday, March 20th. Royal Bank of Canada downgraded shares of GDS from an “outperform” rating to a “sector perform” rating and increased their price target for the company from $26.00 to $37.00 in a research report on Tuesday, February 25th. Citizens Jmp raised shares of GDS to a “strong-buy” rating in a research note on Monday, January 27th. Finally, Raymond James upgraded shares of GDS from an “outperform” rating to a “strong-buy” rating and set a $53.00 price objective for the company in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, GDS has an average rating of “Buy” and a consensus target price of $39.48.

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.