Headlands Technologies LLC Sells 34,121 Shares of GDS Holdings Limited (NASDAQ:GDS)

Headlands Technologies LLC cut its holdings in shares of GDS Holdings Limited (NASDAQ:GDS - Free Report) by 52.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,701 shares of the company's stock after selling 34,121 shares during the quarter. Headlands Technologies LLC's holdings in GDS were worth $729,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new stake in shares of GDS during the third quarter worth approximately $64,000. PNC Financial Services Group Inc. lifted its position in 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 buying an additional 672 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of 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 buying an additional 3,053 shares during the period. Brookfield Corp ON purchased a new position in shares of GDS during the 3rd quarter valued at $171,000. Finally, LPL Financial LLC acquired a new position in shares of GDS in the fourth quarter worth $310,000. Hedge funds and other institutional investors own 33.71% of the company's stock.

Wall Street Analyst Weigh In

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

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GDS Stock Performance

NASDAQ:GDS traded down $2.93 during midday trading on Friday, reaching $21.48. The stock had a trading volume of 4,418,834 shares, compared to its average volume of 1,964,173. The stock has a market capitalization of $4.09 billion, a P/E ratio of -7.04 and a beta of 0.24. GDS Holdings Limited has a 1-year low of $5.86 and a 1-year high of $52.50. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19. The firm's fifty day simple moving average is $32.04 and its 200-day simple moving average is $25.13.

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