Monolith Management Ltd purchased a new position in shares of GDS Holdings Limited (NASDAQ:GDS - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 273,405 shares of the company's stock, valued at approximately $6,496,000. GDS comprises approximately 3.4% of Monolith Management Ltd's investment portfolio, making the stock its 11th biggest holding. Monolith Management Ltd owned approximately 0.14% of GDS as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the company. Hsbc Holdings PLC boosted its stake in shares of GDS by 28.7% during the fourth quarter. Hsbc Holdings PLC now owns 242,948 shares of the company's stock valued at $5,772,000 after purchasing an additional 54,160 shares during the period. Freedom Investment Management Inc. bought a new position in GDS in the fourth quarter valued at about $714,000. Jump Financial LLC bought a new position in GDS in the fourth quarter worth approximately $1,282,000. Mariner LLC grew its holdings in GDS by 121.6% during the fourth quarter. Mariner LLC now owns 24,991 shares of the company's stock valued at $594,000 after purchasing an additional 13,716 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in GDS in the 4th quarter worth approximately $2,373,000. Hedge funds and other institutional investors own 33.71% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the company. Jefferies Financial Group raised GDS from a "hold" rating to a "buy" rating and set a $45.00 price objective on the stock in a report on Tuesday, March 18th. Citizens Jmp upgraded GDS to a "strong-buy" rating in a research note on Monday, January 27th. JMP Securities set a $40.00 price target on shares of GDS in a research report on Thursday, March 20th. Daiwa Capital Markets upgraded GDS from a "neutral" rating to a "buy" rating in a research report on Tuesday, February 11th. Finally, Royal Bank of Canada cut GDS from an "outperform" rating to a "sector perform" rating and upped their target price for the company from $26.00 to $37.00 in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $39.48.
Check Out Our Latest Report on GDS
GDS Trading Down 1.5 %
NASDAQ GDS opened at $23.07 on Friday. The firm's 50 day moving average price is $29.55 and its two-hundred day moving average price is $25.11. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19. GDS Holdings Limited has a twelve month low of $7.00 and a twelve month high of $52.50. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of -7.56 and a beta of 0.23.
GDS (NASDAQ:GDS - Get Free Report) last issued its quarterly earnings results on Wednesday, March 19th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.17. The firm 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 company's quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($2.16) earnings per share. Equities analysts anticipate that GDS Holdings Limited will post -0.89 EPS for the current year.
GDS Company Profile
(
Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider GDS, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GDS wasn't on the list.
While GDS currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
