5,808 Shares in GDS Holdings Limited (NASDAQ:GDS) Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC bought a new position in shares of GDS Holdings Limited (NASDAQ:GDS) during the 4th quarter, Holdings Channel reports. The institutional investor bought 5,808 shares of the company’s stock, valued at approximately $53,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Massachusetts Financial Services Co. MA raised its stake in GDS by 4.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,696,842 shares of the company’s stock valued at $15,475,000 after buying an additional 66,456 shares during the period. Cerity Partners LLC bought a new stake in GDS in the fourth quarter valued at approximately $13,928,000. Pacer Advisors Inc. bought a new stake in GDS in the fourth quarter valued at approximately $6,952,000. abrdn plc increased its stake in shares of GDS by 16.4% during the third quarter. abrdn plc now owns 203,408 shares of the company’s stock worth $2,227,000 after purchasing an additional 28,600 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of GDS by 43.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 174,157 shares of the company’s stock worth $1,588,000 after purchasing an additional 52,747 shares during the period. Institutional investors own 33.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GDS. StockNews.com upgraded GDS to a “sell” rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. lowered their target price on GDS from $12.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $15.69.

GDS Price Performance

NASDAQ:GDS traded down $0.34 during trading hours on Tuesday, reaching $8.16. 2,302,707 shares of the company were exchanged, compared to its average volume of 1,790,678. The company has a market capitalization of $1.55 billion, a P/E ratio of -2.44 and a beta of 0.40. GDS Holdings Limited has a 1-year low of $5.01 and a 1-year high of $15.64. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.32 and a quick ratio of 1.52. The business has a 50 day moving average of $7.09 and a 200 day moving average of $8.08.

GDS (NASDAQ:GDS) last issued its quarterly earnings results on Tuesday, March 26th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.23). The company had revenue of $360.07 million for the quarter, compared to analyst estimates of $363.21 million. GDS had a negative return on equity of 8.90% and a negative net margin of 43.25%. Research analysts forecast that GDS Holdings Limited will post -1.28 EPS for the current 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.