99,856 Shares in GDS Holdings Limited (NASDAQ:GDS) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in shares of GDS Holdings Limited (NASDAQ:GDS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 99,856 shares of the company’s stock, valued at approximately $2,373,000. Raymond James Financial Inc. owned about 0.05% of GDS as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in GDS. Bamco Inc. NY lifted its position in shares of GDS by 128.6% during the 3rd quarter. Bamco Inc. NY now owns 6,040,555 shares of the company’s stock valued at $123,227,000 after buying an additional 3,397,592 shares during the last quarter. Sachem Head Capital Management LP lifted its holdings in GDS by 161.6% during the third quarter. Sachem Head Capital Management LP now owns 2,825,000 shares of the company’s stock valued at $57,630,000 after purchasing an additional 1,745,000 shares during the last quarter. Portolan Capital Management LLC bought a new position in GDS during the third quarter worth about $26,572,000. JPMorgan Chase & Co. increased its stake in shares of GDS by 7,553.4% in the third quarter. JPMorgan Chase & Co. now owns 610,821 shares of the company’s stock worth $12,461,000 after purchasing an additional 602,840 shares in the last quarter. Finally, Luxor Capital Group LP bought a new stake in shares of GDS in the third quarter valued at approximately $9,993,000. Hedge funds and other institutional investors own 33.71% of the company’s stock.

GDS Price Performance

Shares of NASDAQ GDS opened at $25.23 on Friday. The firm has a market capitalization of $4.81 billion, a P/E ratio of -8.27 and a beta of 0.07. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25. The stock’s 50-day simple moving average is $31.79 and its two-hundred day simple moving average is $24.90. GDS Holdings Limited has a twelve month low of $5.86 and a twelve month high of $52.50.

GDS (NASDAQ:GDS) last posted its quarterly earnings data on Wednesday, March 19th. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.17. GDS had a negative net margin of 35.97% and a negative return on equity of 8.22%. The company had revenue of $425.13 million for the quarter, compared to analysts’ expectations of $3.11 billion. During the same period in the prior year, the business earned ($2.16) earnings per share. GDS’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, equities analysts anticipate that GDS Holdings Limited will post -0.89 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Citigroup reaffirmed an “outperform” rating on shares of GDS in a report on Thursday, March 20th. Raymond James upgraded GDS from an “outperform” rating to a “strong-buy” rating and set a $53.00 price target for the company in a research report on Thursday, March 20th. Citizens Jmp raised GDS to a “strong-buy” rating in a report on Monday, January 27th. Royal Bank of Canada lowered GDS from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from $26.00 to $37.00 in a report on Tuesday, February 25th. Finally, Jefferies Financial Group raised shares of GDS from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, GDS presently has an average rating of “Buy” and a consensus price target of $39.48.

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.