GDS Holdings Limited (NASDAQ:GDS) Shares Purchased by BROOKFIELD Corp ON

BROOKFIELD Corp ON boosted its position in shares of GDS Holdings Limited (NASDAQ:GDS) by 1,848.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 162,831 shares of the company’s stock after buying an additional 154,473 shares during the period. BROOKFIELD Corp ON owned 0.09% of GDS worth $3,869,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased 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 valued at $75,000 after acquiring an additional 672 shares during the period. Wells Fargo & Company MN increased its stake in GDS by 1,904.2% in the fourth 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. increased its stake in GDS by 121.9% in the fourth 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. LPL Financial LLC purchased a new stake in shares of GDS in the fourth quarter valued at about $310,000. Finally, Bank of Montreal Can acquired a new stake in shares of GDS during the fourth quarter worth about $428,000. Hedge funds and other institutional investors own 33.71% of the company’s stock.

GDS Stock Performance

NASDAQ:GDS opened at $27.79 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25. GDS Holdings Limited has a fifty-two week low of $7.35 and a fifty-two week high of $52.50. The firm’s fifty day simple moving average is $27.17 and its 200-day simple moving average is $25.36. The stock has a market cap of $5.30 billion, a PE ratio of -9.11 and a beta of 0.28.

GDS (NASDAQ:GDS) last posted its quarterly earnings results on Wednesday, March 19th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.11 billion. During the same period last year, the firm earned ($2.16) EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Analysts expect that GDS Holdings Limited will post -0.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on the company. Royal Bank of Canada downgraded GDS from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from $26.00 to $37.00 in a research note on Tuesday, February 25th. StockNews.com downgraded GDS from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Raymond James raised shares of GDS from an “outperform” rating to a “strong-buy” rating and set a $53.00 price objective on the stock in a research note on Thursday, March 20th. Daiwa Capital Markets upgraded shares of GDS from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 11th. Finally, Citigroup reaffirmed an “outperform” rating on shares of GDS in a report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $39.48.

About GDS

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.