WCM Investment Management LLC Invests $68.09 Million in GDS Holdings $GDS

WCM Investment Management LLC acquired a new position in shares of GDS Holdings (NASDAQ:GDS) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 1,733,937 shares of the company’s stock, valued at approximately $68,092,000.

Other institutional investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. acquired a new position in GDS in the 1st quarter worth about $25,000. NewEdge Advisors LLC acquired a new stake in shares of GDS during the 1st quarter valued at about $25,000. Leonteq Securities AG bought a new stake in shares of GDS in the 4th quarter valued at approximately $34,000. EverSource Wealth Advisors LLC grew its stake in shares of GDS by 41.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company’s stock valued at $55,000 after buying an additional 531 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in GDS by 113.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the company’s stock worth $56,000 after buying an additional 974 shares during the last quarter. Institutional investors and hedge funds own 33.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on GDS shares. Piper Sandler set a $36.00 price objective on shares of GDS in a research report on Thursday, May 21st. Weiss Ratings raised shares of GDS from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. TD Cowen dropped their price target on shares of GDS from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Wall Street Zen upgraded shares of GDS from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Zacks Research upgraded shares of GDS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 16th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $48.33.

GDS Price Performance

Shares of NASDAQ:GDS opened at $31.16 on Monday. The company has a market cap of $6.24 billion, a price-to-earnings ratio of 19.85 and a beta of 0.41. The business has a 50 day moving average price of $34.40 and a 200 day moving average price of $39.68. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 1.25. GDS Holdings has a twelve month low of $26.97 and a twelve month high of $48.61.

GDS (NASDAQ:GDS) last issued its quarterly earnings results on Friday, May 15th. The company reported $1.53 EPS for the quarter, topping the consensus estimate of ($0.03) by $1.56. GDS had a return on equity of 15.62% and a net margin of 23.83%.The company had revenue of $426.12 million for the quarter, compared to the consensus estimate of $436.44 million. During the same period in the previous year, the business posted $3.47 EPS. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. Research analysts predict that GDS Holdings will post 5.65 earnings per share for the current year.

Insiders Place Their Bets

In other GDS news, VP Yixin Qian sold 10,000 shares of the stock in a transaction on 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 directly owned 66,865 shares of the company’s stock, valued at $2,356,991.25. This represents a 13.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Judy Qing Ye sold 37,394 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $36.21, for a total transaction of $1,354,036.74. The disclosure for this sale is available in the SEC filing. Insiders own 7.99% of the company’s stock.

About GDS

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.