Eschler Asset Management LLP Has $569,000 Stake in GDS Holdings $GDS

Eschler Asset Management LLP trimmed its position in shares of GDS Holdings (NASDAQ:GDS) by 96.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,300 shares of the company’s stock after selling 465,171 shares during the period. Eschler Asset Management LLP’s holdings in GDS were worth $569,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in GDS. Canada Pension Plan Investment Board increased its holdings in GDS by 77.7% during the second quarter. Canada Pension Plan Investment Board now owns 7,004,083 shares of the company’s stock worth $214,115,000 after buying an additional 3,062,658 shares during the last quarter. Barclays PLC increased its holdings in GDS by 20,731.3% during the fourth quarter. Barclays PLC now owns 1,720,247 shares of the company’s stock worth $60,037,000 after buying an additional 1,711,989 shares during the last quarter. Carrhae Capital LLP increased its holdings in GDS by 295.4% during the third quarter. Carrhae Capital LLP now owns 1,648,278 shares of the company’s stock worth $63,788,000 after buying an additional 1,231,375 shares during the last quarter. Marshall Wace LLP increased its holdings in GDS by 1,671.6% during the third quarter. Marshall Wace LLP now owns 1,227,203 shares of the company’s stock worth $47,493,000 after buying an additional 1,157,934 shares during the last quarter. Finally, Bamco Inc. NY increased its holdings in GDS by 35.0% during the third quarter. Bamco Inc. NY now owns 4,258,664 shares of the company’s stock worth $164,810,000 after buying an additional 1,104,756 shares during the last quarter. 33.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wall Street Zen upgraded shares of GDS from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Morgan Stanley reiterated an “overweight” rating and issued a $64.00 price objective on shares of GDS in a report on Tuesday, March 17th. Zacks Research downgraded shares of GDS from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. TD Cowen decreased their price objective on shares of GDS from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Finally, Weiss Ratings upgraded shares of GDS from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $48.04.

Insider Transactions at GDS

In other news, VP Yixin Qian sold 10,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $35.25, for a total value of $352,500.00. Following the completion of the sale, the vice president owned 66,865 shares of the company’s stock, valued at approximately $2,356,991.25. The trade was a 13.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Judy Qing Ye sold 37,394 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $36.21, for a total transaction of $1,354,036.74. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 7.99% of the company’s stock.

GDS Price Performance

NASDAQ:GDS opened at $32.56 on Friday. GDS Holdings has a one year low of $25.47 and a one year high of $48.61. The company has a market cap of $6.52 billion, a P/E ratio of 20.74 and a beta of 0.39. The firm’s fifty day moving average price is $39.94 and its two-hundred day moving average price is $40.22. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.87 and a quick ratio of 1.87.

GDS (NASDAQ:GDS) last released its quarterly earnings data on Friday, May 15th. The company reported $1.53 EPS for the quarter, beating the consensus estimate of ($0.03) by $1.56. The firm had revenue of $426.13 million for the quarter, compared to the consensus estimate of $436.44 million. GDS had a net margin of 23.83% and a return on equity of 15.62%. The company’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the company earned $3.47 earnings per share. Equities analysts expect that GDS Holdings will post 5.65 earnings per share for the current year.

GDS Profile

GDS Holdings Limited, founded in 2001 and headquartered in Shanghai, is a leading network-neutral data center services provider in China. The company operates a portfolio of state-of-the-art data center facilities designed to support the mission-critical IT infrastructure of cloud service providers, internet enterprises, financial institutions, and government entities. GDS was among the first Chinese providers to offer high-density colocation solutions, catering to customers with demanding computing and storage requirements.

GDS specializes in delivering scalable colocation, cross-connect, and interconnection services within its facilities, enabling clients to establish high-speed, low-latency connections to major cloud platforms and internet exchange points.