Bamco Inc. NY Sells 473,816 Shares of GDS Holdings $GDS

Bamco Inc. NY trimmed its holdings in GDS Holdings (NASDAQ:GDS) by 11.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,784,848 shares of the company’s stock after selling 473,816 shares during the period. Bamco Inc. NY owned 1.99% of GDS worth $132,091,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in GDS. Canada Pension Plan Investment Board grew its position in GDS by 77.7% in the second quarter. Canada Pension Plan Investment Board now owns 7,004,083 shares of the company’s stock worth $214,115,000 after acquiring an additional 3,062,658 shares in the last quarter. Sachem Head Capital Management LP grew its position in GDS by 45.0% in the fourth quarter. Sachem Head Capital Management LP now owns 9,300,000 shares of the company’s stock worth $324,570,000 after acquiring an additional 2,885,000 shares in the last quarter. Barclays PLC lifted its stake in shares of GDS by 20,731.3% in 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 lifted its stake in shares of GDS by 295.4% in 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. Finally, Marshall Wace LLP lifted its stake in shares of GDS by 1,671.6% in 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. 33.71% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Judy Qing Ye sold 37,394 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $36.21, for a total value of $1,354,036.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $352,500.00. Following the completion of the transaction, the vice president owned 66,865 shares of the company’s stock, valued at approximately $2,356,991.25. This represents a 13.01% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 7.99% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GDS. Morgan Stanley restated an “overweight” rating and issued a $64.00 price objective on shares of GDS in a research note on Tuesday, March 17th. Piper Sandler set a $36.00 price objective on shares of GDS 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. Weiss Ratings upgraded shares of GDS from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Finally, TD Cowen reduced their price objective on shares of GDS from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $48.04.

GDS Price Performance

NASDAQ:GDS opened at $32.96 on Thursday. The stock has a market cap of $6.60 billion, a P/E ratio of 20.99 and a beta of 0.39. GDS Holdings has a one year low of $26.50 and a one year high of $48.61. The company has a fifty day moving average price of $39.55 and a 200 day moving average price of $40.25. 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 earnings results 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 during the quarter, compared to analysts’ expectations of $436.44 million. GDS had a net margin of 23.83% and a return on equity of 15.62%. The business’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the company earned $3.47 EPS. Analysts anticipate that GDS Holdings will post 5.65 earnings per share for the current year.

GDS Company 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.