Janney Montgomery Scott LLC Reduces Stake in GDS Holdings Ltd – (GDS)

Janney Montgomery Scott LLC decreased its holdings in GDS Holdings Ltd – (NASDAQ:GDS) by 30.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,165 shares of the company’s stock after selling 19,231 shares during the period. Janney Montgomery Scott LLC’s holdings in GDS were worth $1,552,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Royal Bank of Canada lifted its holdings in shares of GDS by 198.4% in the 1st quarter. Royal Bank of Canada now owns 33,388 shares of the company’s stock valued at $916,000 after acquiring an additional 22,200 shares during the last quarter. Xact Kapitalforvaltning AB bought a new position in shares of GDS in the 2nd quarter valued at about $281,000. Bank of Montreal Can lifted its holdings in shares of GDS by 177.9% in the 2nd quarter. Bank of Montreal Can now owns 32,912 shares of the company’s stock valued at $1,319,000 after acquiring an additional 21,071 shares during the last quarter. BNP Paribas Arbitrage SA bought a new position in shares of GDS in the 2nd quarter valued at about $5,609,000. Finally, Security National Trust Co. lifted its holdings in shares of GDS by 100.0% in the 2nd quarter. Security National Trust Co. now owns 4,000 shares of the company’s stock valued at $160,000 after acquiring an additional 2,000 shares during the last quarter. Institutional investors own 39.70% of the company’s stock.

Shares of NASDAQ GDS opened at $27.04 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.94. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of -53.02 and a beta of 3.68. GDS Holdings Ltd – has a 1 year low of $17.08 and a 1 year high of $46.18.

GDS (NASDAQ:GDS) last announced its quarterly earnings data on Tuesday, November 13th. The company reported ($0.96) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.85). The firm had revenue of $762.80 million during the quarter, compared to the consensus estimate of $706.76 million. GDS had a negative return on equity of 7.97% and a negative net margin of 17.19%. The firm’s revenue for the quarter was up 79.7% on a year-over-year basis. During the same period in the previous year, the business earned ($0.95) EPS. On average, sell-side analysts predict that GDS Holdings Ltd – will post -0.43 earnings per share for the current fiscal year.

GDS has been the subject of a number of analyst reports. BidaskClub downgraded shares of GDS from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Zacks Investment Research raised shares of GDS from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Credit Suisse Group raised shares of GDS from a “neutral” rating to an “outperform” rating in a report on Wednesday, August 1st. TheStreet downgraded shares of GDS from a “c” rating to a “d+” rating in a report on Tuesday, July 31st. Finally, Guggenheim reaffirmed a “buy” rating and issued a $52.00 price target on shares of GDS in a report on Thursday, August 16th. Three equities research analysts have rated the stock with a sell rating, six have issued a buy rating and one has given a strong buy rating to the stock. GDS presently has a consensus rating of “Buy” and a consensus price target of $38.46.

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About GDS

GDS Holdings Limited, together with its subsidiaries, designs, builds, and operates data centers in the People's Republic of China. The company provides colocation, managed hosting, and managed cloud services. Its data centers service customers that primarily operate in the Internet and banking industries in Shanghai, Beijing, Shenzhen, Guangzhou, and Chengdu.

Read More: Intrinsic Value and Stock Selection

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Institutional Ownership by Quarter for GDS (NASDAQ:GDS)

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