Wellington Management Group LLP Increases Stock Position in GDS Holdings Limited (NASDAQ:GDS)

Wellington Management Group LLP increased its stake in shares of GDS Holdings Limited (NASDAQ:GDS) by 258.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 608,625 shares of the company’s stock after purchasing an additional 438,661 shares during the period. Wellington Management Group LLP owned approximately 0.32% of GDS worth $5,551,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC bought a new position in GDS in the fourth quarter worth approximately $53,000. PNC Financial Services Group Inc. increased its position in GDS by 23.8% in the third quarter. PNC Financial Services Group Inc. now owns 5,843 shares of the company’s stock worth $64,000 after buying an additional 1,123 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of GDS by 36.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 93,010 shares of the company’s stock valued at $848,000 after buying an additional 24,635 shares in the last quarter. Berylson Capital Partners LLC grew its stake in shares of GDS by 23.0% during the 4th quarter. Berylson Capital Partners LLC now owns 115,000 shares of the company’s stock valued at $1,049,000 after acquiring an additional 21,500 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in GDS by 43.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 174,157 shares of the company’s stock worth $1,588,000 after acquiring an additional 52,747 shares during the period. Institutional investors own 33.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of GDS from $12.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, March 28th. StockNews.com raised GDS to a “sell” rating in a research note on Thursday, March 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $12.58.

GDS Stock Down 1.4 %

Shares of NASDAQ GDS opened at $9.29 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.25. GDS Holdings Limited has a 12-month low of $5.01 and a 12-month high of $14.24. The firm’s 50-day moving average price is $8.49 and its 200-day moving average price is $7.57. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of -2.89 and a beta of 0.24.

GDS (NASDAQ:GDS) last issued its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.06. The business had revenue of $363.89 million for the quarter, compared to the consensus estimate of $366.92 million. GDS had a negative return on equity of 8.70% and a negative net margin of 41.33%. On average, equities research analysts anticipate that GDS Holdings Limited will post -1.25 EPS 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.