Royal Bank of Canada Has $8.09 Million Stake in GDS Holdings $GDS

Royal Bank of Canada lowered its position in GDS Holdings (NASDAQ:GDS) by 27.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 200,682 shares of the company’s stock after selling 77,081 shares during the period. Royal Bank of Canada’s holdings in GDS were worth $8,086,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Sachem Head Capital Management LP grew its position in GDS by 45.0% during the 4th 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 during the last quarter. Canada Pension Plan Investment Board boosted its stake 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 purchasing an additional 3,062,658 shares in the last quarter. Triata Capital Ltd boosted its stake in GDS by 23.5% in the fourth quarter. Triata Capital Ltd now owns 2,974,298 shares of the company’s stock worth $103,803,000 after purchasing an additional 566,345 shares in the last quarter. Carrhae Capital LLP grew its holdings in shares of GDS by 31.5% during the fourth quarter. Carrhae Capital LLP now owns 2,167,199 shares of the company’s stock worth $75,635,000 after purchasing an additional 518,921 shares during the last quarter. Finally, Alyeska Investment Group L.P. increased its stake in shares of GDS by 62.0% in the third quarter. Alyeska Investment Group L.P. now owns 1,892,103 shares of the company’s stock valued at $73,224,000 after buying an additional 724,290 shares in the last quarter. 33.71% of the stock is owned by institutional investors and hedge funds.

GDS Trading Down 1.8%

NASDAQ:GDS opened at $31.41 on Tuesday. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 1.25. GDS Holdings has a 1-year low of $26.97 and a 1-year high of $48.61. The firm has a market capitalization of $6.29 billion, a price-to-earnings ratio of 20.01 and a beta of 0.43. The business’s 50-day moving average price is $32.27 and its two-hundred day moving average price is $38.83.

GDS (NASDAQ:GDS) last posted its earnings results on Friday, May 15th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $1.56. The company had revenue of $426.12 million during the quarter, compared to analyst estimates of $436.44 million. GDS had a return on equity of 15.62% and a net margin of 23.83%.The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the previous year, the company earned $3.47 EPS. On average, equities analysts expect that GDS Holdings will post 5.81 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Piper Sandler set a $36.00 price target on GDS in a report on Thursday, May 21st. Wall Street Zen upgraded shares of GDS from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. TD Cowen dropped their target price 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. Zacks Research lowered shares of GDS from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. Finally, Weiss Ratings raised shares of GDS from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $48.33.

Insider Buying and Selling

In other news, Director Judy Qing Ye sold 37,394 shares of GDS stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $36.21, for a total transaction of $1,354,036.74. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Yixin Qian sold 10,000 shares of GDS stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $35.25, for a total transaction of $352,500.00. Following the transaction, the vice president directly owned 66,865 shares in the company, valued at approximately $2,356,991.25. This represents a 13.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 7.99% of the stock is currently owned by insiders.

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.