Polymer Capital Management HK LTD Reduces Holdings in GDS Holdings Limited (NASDAQ:GDS)

Polymer Capital Management HK LTD decreased its holdings in shares of GDS Holdings Limited (NASDAQ:GDS - Free Report) by 57.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 75,276 shares of the company's stock after selling 102,077 shares during the period. Polymer Capital Management HK LTD's holdings in GDS were worth $1,789,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Public Employees Retirement System of Ohio purchased a new position in GDS in the 3rd quarter worth $64,000. PNC Financial Services Group Inc. increased its holdings in shares of GDS by 26.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company's stock valued at $75,000 after purchasing an additional 672 shares during the period. Wells Fargo & Company MN raised its stake in shares of GDS by 1,904.2% in the fourth quarter. Wells Fargo & Company MN now owns 3,788 shares of the company's stock worth $90,000 after purchasing an additional 3,599 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of GDS by 121.9% during the fourth quarter. Blue Trust Inc. now owns 5,557 shares of the company's stock worth $132,000 after purchasing an additional 3,053 shares during the period. Finally, Brookfield Corp ON purchased a new stake in GDS in the third quarter valued at approximately $171,000. Hedge funds and other institutional investors own 33.71% of the company's stock.

GDS Price Performance

Shares of GDS stock traded down $0.15 on Friday, reaching $20.24. The company's stock had a trading volume of 2,171,164 shares, compared to its average volume of 2,040,365. GDS Holdings Limited has a 52-week low of $5.86 and a 52-week high of $52.50. The company has a market capitalization of $3.86 billion, a P/E ratio of -6.60 and a beta of 0.23. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25. The stock has a 50-day moving average price of $31.62 and a 200-day moving average price of $25.13.

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

Analyst Ratings Changes

A number of equities analysts have issued reports on GDS shares. Royal Bank of Canada lowered shares of GDS from an "outperform" rating to a "sector perform" rating and raised their price target for the stock from $26.00 to $37.00 in a research report on Tuesday, February 25th. Jefferies Financial Group raised shares of GDS from a "hold" rating to a "buy" rating and set a $45.00 target price for the company in a report on Tuesday, March 18th. Raymond James upgraded shares of GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 target price for the company in a research report on Thursday, March 20th. Daiwa Capital Markets raised GDS from a "neutral" rating to a "buy" rating in a research report on Tuesday, February 11th. Finally, JMP Securities set a $40.00 price objective on GDS in a research note on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $39.48.

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.