GDS (NASDAQ:GDS) Shares Up 8.2% – Time to Buy?
by Michael Walen · The Markets DailyGDS Holdings (NASDAQ:GDS – Get Free Report)’s stock price shot up 8.2% during trading on Tuesday. The company traded as high as $31.67 and last traded at $31.70. 1,570,394 shares changed hands during mid-day trading, a decline of 24% from the average daily volume of 2,061,165 shares. The stock had previously closed at $29.29.
Wall Street Analyst Weigh In
A number of research firms recently commented on GDS. Weiss Ratings restated a “hold (c)” rating on shares of GDS in a research report on Thursday, August 13th. Zacks Research downgraded GDS from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. Wall Street Zen raised GDS from a “sell” rating to a “hold” rating in a research note on Sunday, September 6th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $51.00 target price on shares of GDS in a report on Tuesday, September 1st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $48.12.
View Our Latest Stock Report on GDS
GDS Stock Up 7.5%
The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.78 and a current ratio of 1.78. The firm has a market capitalization of $6.31 billion, a P/E ratio of 14.69 and a beta of 0.42. The firm’s 50-day moving average is $32.06 and its 200 day moving average is $35.54.
GDS (NASDAQ:GDS – Get Free Report) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.52 earnings per share (EPS) for the quarter. GDS had a return on equity of 17.94% and a net margin of 30.70%.The company had revenue of $454.51 million during the quarter. As a group, equities research analysts predict that GDS Holdings will post 2.23 EPS for the current fiscal year.
Institutional Trading of GDS
Hedge funds have recently made changes to their positions in the company. Sachem Head Capital Management LP increased its holdings in shares of GDS by 45.0% in the fourth quarter. Sachem Head Capital Management LP now owns 9,300,000 shares of the company’s stock worth $324,570,000 after buying an additional 2,885,000 shares during the period. WCM Investment Management LLC purchased a new stake in GDS during the 1st quarter valued at about $68,092,000. Carrhae Capital LLP boosted its holdings in GDS by 51.1% during the 2nd quarter. Carrhae Capital LLP now owns 3,300,419 shares of the company’s stock valued at $99,112,000 after acquiring an additional 1,115,757 shares during the period. Hsbc Holdings PLC grew its position in GDS by 294.4% during the 1st quarter. Hsbc Holdings PLC now owns 1,220,693 shares of the company’s stock worth $48,746,000 after acquiring an additional 911,191 shares during the last quarter. Finally, Electron Capital Partners LLC increased its stake in GDS by 640.6% in the 1st quarter. Electron Capital Partners LLC now owns 780,979 shares of the company’s stock worth $31,466,000 after purchasing an additional 675,531 shares during the period. 33.71% of the stock is owned by institutional investors and hedge funds.
About GDS
GDS Holdings Limited (NASDAQ: GDS) is a developer and operator of data centers. The company provides data center infrastructure and related services to cloud service providers, internet companies, financial institutions, telecommunications carriers and multinational corporations.
Its services include wholesale and retail colocation, managed data center services, interconnection and cloud connectivity. GDS designs, builds and operates facilities intended to support customers’ critical information technology infrastructure, including cloud computing, data storage and other high-performance computing requirements.
Founded in 2001, GDS has historically focused on serving customers in China through data centers in major economic and technology centers.