Bamco Inc. NY Boosts Stock Holdings in GDS Holdings $GDS

Bamco Inc. NY grew its stake in shares of GDS Holdings (NASDAQ:GDS) by 2.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,153,908 shares of the company’s stock after buying an additional 86,503 shares during the period. Bamco Inc. NY owned 1.66% of GDS worth $96,415,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC acquired a new position in GDS in the second quarter valued at $306,000. Woodline Partners LP raised its holdings in shares of GDS by 7.0% in the 1st quarter. Woodline Partners LP now owns 219,745 shares of the company’s stock worth $5,566,000 after purchasing an additional 14,468 shares during the period. Nuveen LLC acquired a new position in shares of GDS in the 1st quarter valued at about $8,858,000. Bayforest Capital Ltd purchased a new stake in shares of GDS during the 1st quarter worth about $624,000. Finally, Alyeska Investment Group L.P. increased its position in GDS by 6.3% during the 1st quarter. Alyeska Investment Group L.P. now owns 137,253 shares of the company’s stock worth $3,477,000 after purchasing an additional 8,075 shares in the last quarter. 33.71% of the stock is currently owned by institutional investors and hedge funds.

GDS Stock Performance

GDS stock opened at $36.26 on Friday. GDS Holdings has a 12-month low of $16.92 and a 12-month high of $52.50. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.51 and a quick ratio of 2.51. The company has a market capitalization of $6.91 billion, a price-to-earnings ratio of 9.09 and a beta of 0.35. The firm’s fifty day moving average price is $34.12 and its 200 day moving average price is $33.56.

GDS (NASDAQ:GDS) last announced its earnings results on Wednesday, November 19th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.51. GDS had a return on equity of 5.17% and a net margin of 49.60%.The company had revenue of $405.28 million during the quarter, compared to the consensus estimate of $402.81 million. During the same period last year, the firm earned ($0.14) earnings per share. The company’s revenue was up 10.2% on a year-over-year basis. On average, research analysts forecast that GDS Holdings will post -0.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on GDS shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GDS in a research report on Monday. JMP Securities raised their target price on shares of GDS from $40.00 to $50.00 and gave the company a “market outperform” rating in a research note on Thursday, August 21st. Macquarie set a $46.70 price target on shares of GDS in a research report on Thursday, November 6th. TD Cowen lowered their price target on GDS from $38.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Finally, UBS Group set a $55.00 price objective on GDS in a research note on Monday, December 1st. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $46.70.

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.