Macroview Investment Management LLC Acquires New Position in GDS Holdings Limited (NASDAQ:GDS)

Macroview Investment Management LLC bought a new position in GDS Holdings Limited (NASDAQ:GDS) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 13,500 shares of the company’s stock, valued at approximately $275,000.

Other institutional investors have also modified their holdings of the company. Canada Pension Plan Investment Board raised its holdings in shares of GDS by 0.4% in the 1st quarter. Canada Pension Plan Investment Board now owns 9,713,325 shares of the company’s stock valued at $64,594,000 after purchasing an additional 33,978 shares in the last quarter. Baupost Group LLC MA raised its stake in GDS by 63.5% in the second quarter. Baupost Group LLC MA now owns 4,249,952 shares of the company’s stock worth $39,482,000 after buying an additional 1,649,952 shares in the last quarter. Farallon Capital Management LLC lifted its holdings in GDS by 72.7% during the second quarter. Farallon Capital Management LLC now owns 1,226,133 shares of the company’s stock worth $11,391,000 after buying an additional 516,133 shares during the period. Pacer Advisors Inc. boosted its position in GDS by 17.3% during the 2nd quarter. Pacer Advisors Inc. now owns 849,568 shares of the company’s stock valued at $7,892,000 after acquiring an additional 125,395 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in GDS by 258.1% during the 4th quarter. Wellington Management Group LLP now owns 608,625 shares of the company’s stock valued at $5,551,000 after acquiring an additional 438,661 shares in the last quarter. 33.71% of the stock is owned by hedge funds and other institutional investors.

GDS Stock Up 1.0 %

Shares of GDS stock opened at $22.44 on Wednesday. The stock’s fifty day moving average price is $18.45 and its 200 day moving average price is $12.45. GDS Holdings Limited has a 1-year low of $5.01 and a 1-year high of $24.50. The company has a market cap of $4.28 billion, a price-to-earnings ratio of -6.99 and a beta of 0.24. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.39 and a quick ratio of 1.39.

GDS (NASDAQ:GDS) last issued its quarterly earnings results on Wednesday, August 21st. The company reported ($0.18) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.07. GDS had a negative return on equity of 9.10% and a negative net margin of 39.96%. The business had revenue of $388.92 million for the quarter, compared to analyst estimates of $384.14 million. On average, research analysts expect that GDS Holdings Limited will post -1.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on GDS shares. Bank of America upped their price objective on GDS from $12.40 to $22.40 and gave the stock a “buy” rating in a research note on Tuesday, August 27th. Royal Bank of Canada increased their price target on shares of GDS from $14.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Finally, Nomura Securities upgraded shares of GDS to a “strong-buy” rating in a report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.29.

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.