Raymond James Financial Inc. Makes New $2.37 Million Investment in GDS Holdings Limited (NASDAQ:GDS)

Raymond James Financial Inc. acquired a new stake in GDS Holdings Limited (NASDAQ:GDS) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 99,856 shares of the company’s stock, valued at approximately $2,373,000.

Several other institutional investors and hedge funds also recently made changes to their positions in GDS. Alberta Investment Management Corp purchased a new position in GDS in the 4th quarter worth approximately $4,935,000. JPMorgan Chase & Co. increased its stake in shares of GDS by 7,553.4% in the third quarter. JPMorgan Chase & Co. now owns 610,821 shares of the company’s stock worth $12,461,000 after buying an additional 602,840 shares during the period. Y Intercept Hong Kong Ltd raised its holdings in GDS by 165.5% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 54,127 shares of the company’s stock valued at $1,286,000 after buying an additional 33,741 shares during the last quarter. State of New Jersey Common Pension Fund D purchased a new stake in GDS during the 4th quarter valued at $1,938,000. Finally, Pacer Advisors Inc. grew its holdings in GDS by 26.5% in the 4th quarter. Pacer Advisors Inc. now owns 898,982 shares of the company’s stock worth $21,360,000 after acquiring an additional 188,072 shares during the last quarter. Institutional investors own 33.71% of the company’s stock.

GDS Price Performance

Shares of GDS opened at $25.23 on Friday. GDS Holdings Limited has a twelve month low of $5.86 and a twelve month high of $52.50. The company has a market capitalization of $4.81 billion, a P/E ratio of -8.27 and a beta of 0.07. The firm has a 50 day moving average of $31.79 and a 200 day moving average of $24.90. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25.

GDS (NASDAQ:GDS) last released its quarterly earnings data 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 return on equity of 8.22% and a negative net margin of 35.97%. The company had revenue of $425.13 million during the quarter, compared to the consensus estimate of $3.11 billion. During the same period last year, the company earned ($2.16) EPS. GDS’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, equities research analysts anticipate that GDS Holdings Limited will post -0.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GDS has been the subject of several recent analyst reports. StockNews.com downgraded shares of GDS from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Daiwa Capital Markets raised GDS from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 11th. JMP Securities set a $40.00 price objective on GDS in a research report on Thursday, March 20th. Citizens Jmp upgraded GDS to a “strong-buy” rating in a report on Monday, January 27th. Finally, Royal Bank of Canada lowered GDS from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from $26.00 to $37.00 in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $39.48.

About GDS

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.