Signaturefd LLC Raises Position in GDS Holdings Limited (NASDAQ:GDS)

Signaturefd LLC raised its holdings in shares of GDS Holdings Limited (NASDAQ:GDS) by 17.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 8,221 shares of the company’s stock after acquiring an additional 1,215 shares during the period. Signaturefd LLC’s holdings in GDS were worth $168,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GDS. Wellington Management Group LLP boosted its position in shares of 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 during the last quarter. BNP Paribas Financial Markets raised its stake in GDS by 51.0% in the first quarter. BNP Paribas Financial Markets now owns 185,137 shares of the company’s stock valued at $1,231,000 after purchasing an additional 62,521 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in GDS by 55.3% in the first quarter. Janney Montgomery Scott LLC now owns 144,449 shares of the company’s stock valued at $961,000 after purchasing an additional 51,439 shares in the last quarter. Capstone Investment Advisors LLC bought a new stake in GDS during the first quarter valued at approximately $188,000. Finally, SG Americas Securities LLC purchased a new position in GDS in the 1st quarter worth approximately $429,000. 33.71% of the stock is currently owned by hedge funds and other institutional investors.

GDS Stock Performance

GDS stock opened at $21.49 on Monday. The firm has a fifty day simple moving average of $19.02 and a two-hundred day simple moving average of $12.72. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 2.30. GDS Holdings Limited has a twelve month low of $5.01 and a twelve month high of $24.50. The company has a market capitalization of $4.09 billion, a PE ratio of -6.69 and a beta of 0.24.

GDS (NASDAQ:GDS) last released its earnings results on Wednesday, August 21st. The company reported ($0.18) earnings per share for the quarter, beating 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 company had revenue of $388.92 million during the quarter, compared to analyst estimates of $384.14 million. Research analysts expect that GDS Holdings Limited will post -1.14 EPS for the current year.

Wall Street Analyst Weigh In

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