Headlands Technologies LLC Reduces Stock Holdings in GDS Holdings Limited (NASDAQ:GDS)

Headlands Technologies LLC lessened its stake in shares of GDS Holdings Limited (NASDAQ:GDS) by 52.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,701 shares of the company’s stock after selling 34,121 shares during the quarter. Headlands Technologies LLC’s holdings in GDS were worth $729,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Alberta Investment Management Corp purchased a new position in GDS during the 4th quarter worth approximately $4,935,000. JPMorgan Chase & Co. increased its holdings in shares of GDS by 7,553.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 610,821 shares of the company’s stock valued at $12,461,000 after acquiring an additional 602,840 shares during the period. Y Intercept Hong Kong Ltd raised its position in GDS by 165.5% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 54,127 shares of the company’s stock valued at $1,286,000 after purchasing an additional 33,741 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in GDS during the 4th quarter worth $1,938,000. Finally, American Century Companies Inc. grew its position in GDS by 509.6% during the 4th quarter. American Century Companies Inc. now owns 2,323,482 shares of the company’s stock worth $55,206,000 after purchasing an additional 1,942,341 shares during the last quarter. Institutional investors and hedge funds own 33.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Citizens Jmp upgraded shares of GDS to a “strong-buy” rating in a research note on Monday, January 27th. Citigroup reiterated an “outperform” rating on shares of GDS in a research note on Thursday, March 20th. Jefferies Financial Group upgraded GDS from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Tuesday, March 18th. StockNews.com downgraded GDS from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Finally, Royal Bank of Canada cut shares of GDS from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from $26.00 to $37.00 in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $39.48.

GDS Price Performance

GDS stock opened at $26.30 on Thursday. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19. GDS Holdings Limited has a one year low of $5.86 and a one year high of $52.50. The company has a market cap of $5.01 billion, a P/E ratio of -8.62 and a beta of 0.24. The business has a fifty day moving average of $32.00 and a two-hundred day moving average of $25.10.

GDS (NASDAQ:GDS) last announced its quarterly earnings data on Wednesday, March 19th. The company reported ($0.10) EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $3.11 billion. During the same quarter last year, the business earned ($2.16) earnings per share. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, analysts predict 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.