Marshall Wace LLP Sells 148,057 Shares of GDS Holdings Limited (NASDAQ:GDS)

Marshall Wace LLP cut its holdings in GDS Holdings Limited (NASDAQ:GDS) by 12.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,029,534 shares of the company’s stock after selling 148,057 shares during the quarter. Marshall Wace LLP’s holdings in GDS were worth $24,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of GDS. Public Employees Retirement System of Ohio bought a new stake in shares of GDS in the 3rd quarter worth approximately $64,000. PNC Financial Services Group Inc. boosted its holdings in GDS by 26.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company’s stock valued at $75,000 after acquiring an additional 672 shares in the last quarter. Wells Fargo & Company MN increased its position in GDS by 1,904.2% during the 4th quarter. Wells Fargo & Company MN now owns 3,788 shares of the company’s stock valued at $90,000 after purchasing an additional 3,599 shares during the period. Blue Trust Inc. raised its holdings in GDS by 121.9% in the 4th quarter. Blue Trust Inc. now owns 5,557 shares of the company’s stock worth $132,000 after purchasing an additional 3,053 shares in the last quarter. Finally, LPL Financial LLC purchased a new stake in shares of GDS in the 4th quarter worth about $310,000. Hedge funds and other institutional investors own 33.71% of the company’s stock.

Wall Street Analysts Forecast Growth

GDS has been the topic of several research analyst reports. Daiwa Capital Markets upgraded shares of GDS from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 11th. Citizens Jmp upgraded GDS to a “strong-buy” rating in a research note on Monday, January 27th. Royal Bank of Canada cut GDS from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from $26.00 to $37.00 in a research note on Tuesday, February 25th. Jefferies Financial Group upgraded shares of GDS from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Tuesday, March 18th. Finally, Citigroup reissued an “outperform” rating on shares of GDS in a research report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $39.48.

GDS Stock Up 8.3 %

NASDAQ:GDS opened at $21.47 on Friday. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market cap of $4.09 billion, a P/E ratio of -7.04 and a beta of 0.23. GDS Holdings Limited has a fifty-two week low of $6.30 and a fifty-two week high of $52.50. The firm has a 50-day simple moving average of $30.72 and a two-hundred day simple moving average of $25.11.

GDS (NASDAQ:GDS) last announced its quarterly earnings results on Wednesday, March 19th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.17. The company had revenue of $425.13 million during the quarter, compared to the consensus estimate of $3.11 billion. GDS had a negative net margin of 35.97% and a negative return on equity of 8.22%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($2.16) earnings per share. Analysts predict that GDS Holdings Limited will post -0.89 earnings per share 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.