NumerixS Investment Technologies Inc reduced its stake in shares of GDS Holdings Ltd – (NASDAQ:GDS) by 59.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 4,252 shares of the company’s stock after selling 6,148 shares during the period. NumerixS Investment Technologies Inc’s holdings in GDS were worth $144,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. SeaBridge Investment Advisors LLC grew its stake in shares of GDS by 100.0% during the 1st quarter. SeaBridge Investment Advisors LLC now owns 1,000 shares of the company’s stock worth $36,000 after acquiring an additional 500 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of GDS during the 1st quarter worth approximately $124,000. Cowen Prime Services LLC bought a new position in shares of GDS during the 1st quarter worth approximately $143,000. Oppenheimer Asset Management Inc. bought a new position in shares of GDS during the 1st quarter worth approximately $166,000. Finally, Stevens Capital Management LP bought a new position in shares of GDS during the 4th quarter worth approximately $205,000. Hedge funds and other institutional investors own 62.29% of the company’s stock.

NASDAQ:GDS opened at $34.17 on Friday. GDS Holdings Ltd – has a 1-year low of $18.59 and a 1-year high of $46.18. The company has a debt-to-equity ratio of 1.50, a current ratio of 2.22 and a quick ratio of 2.22. The firm has a market capitalization of $4.07 billion, a P/E ratio of -67.00 and a beta of 3.18.

GDS (NASDAQ:GDS) last released its earnings results on Tuesday, May 14th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.05). GDS had a negative net margin of 15.41% and a negative return on equity of 7.56%. The firm had revenue of $891.80 million during the quarter, compared to the consensus estimate of $888.42 million. During the same period in the prior year, the business posted ($0.71) earnings per share. GDS’s quarterly revenue was up 58.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that GDS Holdings Ltd – will post -0.48 EPS for the current year.

Several research firms recently weighed in on GDS. BidaskClub raised shares of GDS from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 11th. TheStreet cut shares of GDS from a “c-” rating to a “d” rating in a research note on Monday, May 6th. Zacks Investment Research raised shares of GDS from a “sell” rating to a “hold” rating in a research note on Tuesday, May 21st. ValuEngine cut shares of GDS from a “buy” rating to a “hold” rating in a research note on Monday, June 3rd. Finally, Credit Suisse Group set a $42.00 target price on shares of GDS and gave the company a “buy” rating in a research note on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. GDS presently has an average rating of “Buy” and a consensus price target of $41.29.

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GDS Company Profile

GDS Holdings Limited, together with its subsidiaries, designs, builds, and operates data centers in the People's Republic of China. The company provides colocation, managed hosting, and managed cloud services, as well as consulting services. Its data centers service customers that primarily operate in the Internet and banking industries in Shanghai and Beijing municipalities; and Jiangsu, Guangdong, Sichuan, and Hebei Provinces.

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Institutional Ownership by Quarter for GDS (NASDAQ:GDS)

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