US Bancorp DE Trims Holdings in GDS Holdings Limited (NASDAQ:GDS)

US Bancorp DE lessened its holdings in shares of GDS Holdings Limited (NASDAQ:GDSGet Rating) by 29.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,953 shares of the company’s stock after selling 2,454 shares during the period. US Bancorp DE’s holdings in GDS were worth $199,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. SG Americas Securities LLC increased its holdings in GDS by 1,064.1% during the 2nd quarter. SG Americas Securities LLC now owns 89,332 shares of the company’s stock valued at $2,983,000 after purchasing an additional 81,658 shares during the period. Assenagon Asset Management S.A. purchased a new position in GDS during the 2nd quarter valued at about $17,288,000. BerganKDV Wealth Management LLC purchased a new position in shares of GDS during the 2nd quarter worth approximately $117,000. FNY Investment Advisers LLC purchased a new position in shares of GDS during the 2nd quarter worth approximately $67,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of GDS by 16.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 239,724 shares of the company’s stock worth $9,409,000 after acquiring an additional 33,910 shares during the period. Hedge funds and other institutional investors own 42.64% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Daiwa Capital Markets downgraded GDS from an “outperform” rating to a “hold” rating and set a $24.00 target price on the stock. in a report on Thursday, August 25th. Nomura Instinet reiterated a “downgrade” rating on shares of GDS in a report on Friday, July 29th. Nomura downgraded GDS from a “buy” rating to a “neutral” rating in a report on Friday, July 29th. StockNews.com assumed coverage on GDS in a report on Wednesday, October 12th. They set a “sell” rating on the stock. Finally, Royal Bank of Canada downgraded GDS from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $41.00 to $33.00 in a report on Friday, August 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $45.07.

GDS Stock Performance

Shares of GDS opened at $9.57 on Monday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.45. The business’s 50 day moving average price is $17.97 and its 200-day moving average price is $25.19. GDS Holdings Limited has a 52 week low of $8.41 and a 52 week high of $62.60. The stock has a market cap of $1.79 billion, a P/E ratio of -6.79 and a beta of 0.66.

GDS (NASDAQ:GDSGet Rating) last released its quarterly earnings data on Tuesday, August 23rd. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.09. The business had revenue of $344.94 million for the quarter, compared to analysts’ expectations of $341.75 million. GDS had a negative return on equity of 6.63% and a negative net margin of 18.23%. Equities research analysts anticipate that GDS Holdings Limited will post -1.54 earnings per share for the current fiscal year.

About GDS

(Get Rating)

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.

See Also

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Institutional Ownership by Quarter for GDS (NASDAQ:GDS)

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