PNC Financial Services Group Inc. Acquires 672 Shares of GDS Holdings Limited (NASDAQ:GDS)

PNC Financial Services Group Inc. raised its holdings in GDS Holdings Limited (NASDAQ:GDS) by 26.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,177 shares of the company’s stock after purchasing an additional 672 shares during the quarter. PNC Financial Services Group Inc.’s holdings in GDS were worth $75,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in GDS. BNP Paribas Financial Markets lifted its stake in shares of GDS by 1.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 182,388 shares of the company’s stock worth $3,721,000 after buying an additional 2,543 shares during the last quarter. Blue Trust Inc. lifted its position in GDS by 121.9% during the fourth quarter. Blue Trust Inc. now owns 5,557 shares of the company’s stock worth $132,000 after acquiring an additional 3,053 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of GDS during the third quarter worth approximately $64,000. Macroview Investment Management LLC grew its position in shares of GDS by 37.4% in the fourth quarter. Macroview Investment Management LLC now owns 18,550 shares of the company’s stock valued at $441,000 after purchasing an additional 5,050 shares during the last quarter. Finally, Centiva Capital LP increased its stake in shares of GDS by 49.5% during the third quarter. Centiva Capital LP now owns 23,479 shares of the company’s stock worth $479,000 after purchasing an additional 7,772 shares during the period. 33.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GDS. JMP Securities started coverage on GDS in a research note on Monday, January 27th. They issued an “outperform” rating and a $35.00 price target for the company. StockNews.com downgraded shares of GDS from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Royal Bank of Canada cut shares of GDS from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from $26.00 to $37.00 in a research note on Tuesday, February 25th. 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 report on Thursday, March 20th. Finally, Citizens Jmp upgraded shares of GDS to a “strong-buy” rating in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $33.23.

GDS Stock Performance

Shares of GDS stock opened at $27.04 on Wednesday. The company has a 50 day moving average of $31.57 and a 200-day moving average of $24.77. The company has a market cap of $5.15 billion, a PE ratio of -8.87 and a beta of 0.07. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25. GDS Holdings Limited has a 1-year low of $5.85 and a 1-year high of $52.50.

GDS (NASDAQ:GDS) last released its earnings results on Wednesday, March 19th. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.17. GDS had a negative return on equity of 8.22% and a negative net margin of 35.97%. The firm had revenue of $425.13 million during the quarter, compared to analysts’ expectations of $3.11 billion. During the same period in the prior year, the company earned ($2.16) earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, equities research analysts forecast that GDS Holdings Limited will post -0.89 earnings per share for the current fiscal year.

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.