American Century Companies Inc. Has $55.21 Million Stake in GDS Holdings Limited (NASDAQ:GDS)

American Century Companies Inc. raised its stake in GDS Holdings Limited (NASDAQ:GDS) by 509.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,323,482 shares of the company’s stock after buying an additional 1,942,341 shares during the quarter. American Century Companies Inc.’s holdings in GDS were worth $55,206,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of GDS. Public Employees Retirement System of Ohio purchased a new position in GDS during the third quarter worth about $64,000. PNC Financial Services Group Inc. increased its stake in 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 buying an additional 672 shares during the last quarter. Blue Trust Inc. lifted its position in shares of GDS by 121.9% during the 4th quarter. Blue Trust Inc. now owns 5,557 shares of the company’s stock worth $132,000 after buying an additional 3,053 shares in the last quarter. Brookfield Corp ON purchased a new position in shares of GDS in the 3rd quarter worth approximately $171,000. Finally, Verition Fund Management LLC bought a new position in shares of GDS in the third quarter valued at approximately $354,000. Institutional investors own 33.71% of the company’s stock.

GDS Stock Performance

NASDAQ GDS opened at $27.37 on Thursday. The company’s 50 day moving average is $31.69 and its 200-day moving average is $24.78. The firm has a market cap of $5.22 billion, a P/E ratio of -8.97 and a beta of 0.07. GDS Holdings Limited has a 12-month low of $5.85 and a 12-month high of $52.50. 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 (NASDAQ:GDS) last posted its earnings results on Wednesday, March 19th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.17. The firm had revenue of $425.13 million for the quarter, compared to the consensus estimate of $3.11 billion. GDS had a negative return on equity of 8.22% and a negative net margin of 35.97%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business posted ($2.16) earnings per share. Sell-side analysts predict that GDS Holdings Limited will post -0.89 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on GDS shares. Daiwa Capital Markets upgraded GDS from a “neutral” rating to a “buy” rating in a report on Tuesday, February 11th. Jefferies Financial Group raised shares of GDS from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Tuesday, March 18th. Citizens Jmp upgraded shares of GDS to a “strong-buy” rating in a report on Monday, January 27th. Raymond James upgraded shares of GDS from an “outperform” rating to a “strong-buy” rating and set a $53.00 target price on the stock in a research note on Thursday, March 20th. Finally, StockNews.com lowered shares of GDS from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, GDS presently has an average rating of “Moderate Buy” and an average target price of $33.23.

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.