Bank of Montreal Can Takes Position in GDS Holdings Limited (NASDAQ:GDS)

Bank of Montreal Can acquired a new position in GDS Holdings Limited (NASDAQ:GDS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 17,997 shares of the company's stock, valued at approximately $428,000.

Other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its holdings in shares of GDS by 26.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company's stock worth $75,000 after purchasing an additional 672 shares in the last quarter. Blue Trust Inc. increased its position in GDS by 121.9% during the 4th quarter. Blue Trust Inc. now owns 5,557 shares of the company's stock valued at $132,000 after purchasing an additional 3,053 shares during the period. Wells Fargo & Company MN lifted its position in GDS by 1,904.2% during the fourth quarter. Wells Fargo & Company MN now owns 3,788 shares of the company's stock valued at $90,000 after buying an additional 3,599 shares during the period. Macroview Investment Management LLC boosted its position in shares of GDS by 37.4% in the 4th quarter. Macroview Investment Management LLC now owns 18,550 shares of the company's stock worth $441,000 after purchasing an additional 5,050 shares in the last quarter. Finally, LPL Financial LLC bought a new position in GDS in the 4th quarter worth about $310,000. Hedge funds and other institutional investors own 33.71% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on GDS shares. Jefferies Financial Group upgraded shares of GDS from a "hold" rating to a "buy" rating and set a $45.00 target price on the stock in a report on Tuesday, March 18th. Raymond James raised GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 price target for the company in a research note on Thursday, March 20th. Royal Bank of Canada lowered shares of GDS from an "outperform" rating to a "sector perform" rating and lifted their price objective for the stock from $26.00 to $37.00 in a research note on Tuesday, February 25th. StockNews.com lowered GDS from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Finally, Citigroup restated an "outperform" rating on shares of GDS in a report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, GDS has a consensus rating of "Buy" and an average price target of $39.48.

GDS Trading Up 5.6 %

Shares of GDS stock opened at $22.40 on Wednesday. The firm's 50 day simple moving average is $30.18 and its two-hundred day simple moving average is $25.12. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of -7.34 and a beta of 0.23. GDS Holdings Limited has a 12-month low of $6.61 and a 12-month high of $52.50. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25.

GDS (NASDAQ:GDS - Get Free Report) last posted its earnings results on Wednesday, March 19th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.17. The firm had revenue of $425.13 million during the quarter, compared to analyst estimates of $3.11 billion. GDS had a negative net margin of 35.97% and a negative return on equity of 8.22%. The business's quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($2.16) EPS. Analysts predict that GDS Holdings Limited will post -0.89 EPS for the current year.

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.

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