Massachusetts Financial Services Co. MA Lowers Stake in GDS Holdings Limited (NASDAQ:GDS)

Massachusetts Financial Services Co. MA cut its stake in shares of GDS Holdings Limited (NASDAQ:GDS - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,166,665 shares of the company's stock after selling 37,991 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.61% of GDS worth $27,720,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in GDS. Public Employees Retirement System of Ohio purchased a new stake in shares of GDS during the third quarter worth approximately $64,000. PNC Financial Services Group Inc. increased its stake in GDS by 26.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company's stock valued at $75,000 after buying an additional 672 shares during the period. Blue Trust Inc. raised its position in GDS by 121.9% during the 4th quarter. Blue Trust Inc. now owns 5,557 shares of the company's stock worth $132,000 after buying an additional 3,053 shares during the last quarter. LPL Financial LLC acquired a new stake in shares of GDS in the 4th quarter worth $310,000. Finally, Verition Fund Management LLC acquired a new stake in shares of GDS in the 3rd quarter worth $354,000. 33.71% of the stock is owned by institutional investors and hedge funds.

GDS Price Performance

Shares of GDS stock traded up $0.27 during mid-day trading on Friday, reaching $20.66. The stock had a trading volume of 3,811,324 shares, compared to its average volume of 2,051,314. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25. The company has a market cap of $3.94 billion, a P/E ratio of -6.77 and a beta of 0.23. The business has a 50-day simple moving average of $31.51 and a 200 day simple moving average of $25.13. GDS Holdings Limited has a 12-month low of $5.86 and a 12-month high of $52.50.

GDS (NASDAQ:GDS - Get Free Report) last issued 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 business had revenue of $425.13 million during the quarter, compared to analysts' expectations of $3.11 billion. During the same period last year, the company posted ($2.16) EPS. The company's revenue was up 9.1% on a year-over-year basis. On average, sell-side analysts anticipate that GDS Holdings Limited will post -0.89 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GDS. Raymond James raised shares of GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 price target for the company in a report on Thursday, March 20th. Citigroup reissued an "outperform" rating on shares of GDS in a research note on Thursday, March 20th. StockNews.com downgraded GDS from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Jefferies Financial Group upgraded GDS from a "hold" rating to a "buy" rating and set a $45.00 price objective for the company in a research report on Tuesday, March 18th. Finally, JMP Securities set a $40.00 target price on shares of GDS in a research report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price 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.