13,500 Shares in GDS Holdings Limited (NASDAQ:GDS) Bought by Macroview Investment Management LLC

Macroview Investment Management LLC purchased a new position in shares of GDS Holdings Limited (NASDAQ:GDS) in the third quarter, HoldingsChannel reports. The fund purchased 13,500 shares of the company’s stock, valued at approximately $275,000.

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in GDS by 1,558.3% in the third quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock valued at $51,000 after purchasing an additional 2,353 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of GDS in the fourth quarter worth about $107,000. Vanguard Personalized Indexing Management LLC acquired a new stake in GDS during the second quarter worth about $108,000. Signaturefd LLC raised its position in GDS by 17.3% during the third quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock valued at $168,000 after acquiring an additional 1,215 shares in the last quarter. Finally, Capstone Investment Advisors LLC acquired a new position in GDS in the first quarter valued at approximately $188,000. Hedge funds and other institutional investors own 33.71% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on GDS shares. Royal Bank of Canada raised their price objective on shares of GDS from $14.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Nomura Securities upgraded shares of GDS to a “strong-buy” rating in a research report on Monday, August 26th. Finally, Bank of America upped their price objective on shares of GDS from $12.40 to $22.40 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $18.29.

GDS Trading Up 1.0 %

Shares of NASDAQ:GDS opened at $22.44 on Wednesday. The business’s 50 day moving average price is $18.45 and its 200-day moving average price is $12.45. GDS Holdings Limited has a 1 year low of $5.01 and a 1 year high of $24.50. The firm has a market capitalization of $4.28 billion, a price-to-earnings ratio of -6.99 and a beta of 0.24. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.39 and a quick ratio of 1.39.

GDS (NASDAQ:GDS) last posted its quarterly earnings data on Wednesday, August 21st. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.07. The business had revenue of $388.92 million for the quarter, compared to the consensus estimate of $384.14 million. GDS had a negative net margin of 39.96% and a negative return on equity of 9.10%. On average, equities research analysts forecast that GDS Holdings Limited will post -1.14 earnings per share for the current fiscal year.

GDS Company 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.