Sumitomo Mitsui Trust Group Inc. Makes New $544,000 Investment in GDS Holdings Limited (NASDAQ:GDS)

Sumitomo Mitsui Trust Group Inc. purchased a new position in GDS Holdings Limited (NASDAQ:GDS) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 26,669 shares of the company’s stock, valued at approximately $544,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GDS. Blue Trust Inc. increased its stake in GDS by 1,558.3% in the 3rd quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock worth $51,000 after buying an additional 2,353 shares during the period. Vanguard Personalized Indexing Management LLC purchased a new position in GDS during the 2nd quarter worth $108,000. Signaturefd LLC boosted its stake in GDS by 17.3% in the 3rd quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock worth $168,000 after purchasing an additional 1,215 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of GDS during the second quarter valued at $203,000. Finally, Headlands Technologies LLC acquired a new stake in shares of GDS during the second quarter worth about $256,000. 33.71% of the stock is owned by hedge funds and other institutional investors.

GDS Stock Down 16.2 %

GDS stock opened at $19.68 on Wednesday. The stock has a market cap of $3.75 billion, a PE ratio of -6.13 and a beta of 0.23. GDS Holdings Limited has a 1-year low of $5.01 and a 1-year high of $24.74. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.39 and a quick ratio of 1.39. The stock’s fifty day moving average is $20.96 and its two-hundred day moving average is $14.54.

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

Wall Street Analyst Weigh In

GDS has been the subject of a number of analyst reports. Nomura Securities raised GDS to a “strong-buy” rating in a report on Monday, August 26th. Royal Bank of Canada increased their price objective on GDS from $14.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Bank of America increased their price target on shares of GDS from $12.40 to $22.40 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.29.

GDS 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.