Shell Asset Management Co. Trims Position in GDS Holdings Limited (NASDAQ:GDS)

Shell Asset Management Co. lessened its holdings in shares of GDS Holdings Limited (NASDAQ:GDSGet Rating) by 70.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,731 shares of the company’s stock after selling 11,547 shares during the quarter. Shell Asset Management Co.’s holdings in GDS were worth $158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FNY Investment Advisers LLC bought a new stake in GDS during the 2nd quarter worth approximately $67,000. BerganKDV Wealth Management LLC purchased a new position in shares of GDS in the second quarter valued at $117,000. Wolverine Asset Management LLC increased its position in GDS by 836.4% in the first quarter. Wolverine Asset Management LLC now owns 3,682 shares of the company’s stock worth $144,000 after purchasing an additional 4,182 shares during the last quarter. Advisor Group Holdings Inc. raised its stake in GDS by 109.9% during the first quarter. Advisor Group Holdings Inc. now owns 3,434 shares of the company’s stock valued at $178,000 after purchasing an additional 1,798 shares in the last quarter. Finally, NINE MASTS CAPITAL Ltd bought a new position in GDS during the second quarter valued at $207,000. 42.64% of the stock is currently owned by hedge funds and other institutional investors.

GDS Trading Down 8.2 %

NASDAQ:GDS opened at $14.46 on Friday. The firm has a 50-day simple moving average of $15.65 and a 200-day simple moving average of $24.12. GDS Holdings Limited has a one year low of $8.41 and a one year high of $58.75. The firm has a market cap of $2.70 billion, a P/E ratio of -10.26 and a beta of 0.66. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.08 and a current ratio of 1.08.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GDS. StockNews.com initiated coverage on shares of GDS in a research report on Wednesday, October 12th. They set a “sell” rating on the stock. Daiwa Capital Markets lowered GDS from an “outperform” rating to a “hold” rating and set a $24.00 price objective for the company. in a research note on Thursday, August 25th. Deutsche Bank Aktiengesellschaft downgraded GDS from a “buy” rating to a “hold” rating and set a $32.80 target price on the stock. in a research report on Thursday, August 25th. Royal Bank of Canada downgraded GDS from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $41.00 to $33.00 in a research report on Friday, August 26th. Finally, Nomura downgraded shares of GDS from a “buy” rating to a “neutral” rating in a research note on Friday, July 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $45.07.

GDS Company Profile

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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.

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Institutional Ownership by Quarter for GDS (NASDAQ:GDS)

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