2 weeks Ago By Defense World Staff
Bank of Montreal Can acquired a new position in GDS Holdings Limited ( NASDAQ:GDS – Free Report ) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 17,997 shares of the company’s stock, valued at approximately $428,000. Other institutional investors have also added to or reduced their stakes in the company.
PNC Financial Services Group Inc. boosted its holdings in shares of GDS by 26.8% in the 4th quarter.
PNC Financial Services Group Inc. now owns 3,177 shares of the company’s stock worth $75,000 after purchasing an additional 672 shares in the last quarter. Blue Trust Inc.
increased its position in GDS by 121.9% during the 4th quarter. Blue Trust Inc.
now owns 5,557 shares of the company’s stock valued at $132,000 after purchasing an additional 3,053 shares during the period. Wells Fargo & Company MN lifted its position in GDS by 1,904.2% during the fourth quarter.
Wells Fargo & Company MN now owns 3,788 shares of the company’s stock valued at $90,000 after buying an additional 3,599 shares during the period. Macroview Investment Management LLC boosted its position in shares of GDS by 37.4% in the 4th quarter.
Macroview Investment Management LLC now owns 18,550 shares of the company’s stock worth $441,000 after purchasing an additional 5,050 shares in the last quarter. Finally, LPL Financial LLC bought a new position in GDS in the 4th quarter worth about $310,000. Hedge funds and other institutional investors own 33.
71% of the company’s stock. Analyst Ratings Changes Several equities research analysts recently issued reports on GDS shares. 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. Raymond James raised GDS from an “outperform” rating to a “strong-buy” rating and set a $53.00 price target for the company in a research note on Thursday, March 20th.
Royal Bank of Canada lowered shares of GDS from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from $26.00 to $37.00 in a research note on Tuesday, February 25th.
StockNews.com lowered GDS from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Finally, Citigroup restated an “outperform” rating on shares of GDS in a report on Thursday, March 20th.
One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, GDS has a consensus rating of “Buy” and an average price target of $39.
48. GDS Trading Up 5.6 % Shares of GDS stock opened at $22.
40 on Wednesday. The firm’s 50 day simple moving average is $30.18 and its two-hundred day simple moving average is $25.
12. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of -7.
34 and a beta of 0.23. GDS Holdings Limited has a 12-month low of $6.
61 and a 12-month high of $52.50. The company has a current ratio of 1.
19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25.
GDS ( NASDAQ:GDS – Get Free Report ) last posted its 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 firm had revenue of $425.
13 million during the quarter, compared to analyst estimates of $3.11 billion. GDS had a negative net margin of 35.
97% and a negative return on equity of 8.22%. The business’s quarterly revenue was up 9.
1% on a year-over-year basis. During the same period in the previous year, the firm earned ($2.16) EPS.
Analysts predict that GDS Holdings Limited will post -0.89 EPS for the current year. GDS Profile ( Free Report ) 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. See Also Five stocks we like better than GDS Mastering Discipline: Overcoming Emotional Challenges In Trading How to Invest in Micro-Cap Stocks Like a Pro Investing in Commodities: What Are They? How to Invest in Them Investors Sell Microsoft Stock on OpenAI News—Time to Buy? Stock Market Sectors: What Are They and How Many Are There? Take-Two Interactive: A Defensive Play Set to Explode Want to see what other hedge funds are holding GDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GDS Holdings Limited ( NASDAQ:GDS – Free Report ).
Receive News & Ratings for GDS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GDS and related companies with MarketBeat.com's FREE daily email newsletter ..
