OLD National Bancorp IN Buys Shares of 6,611 GDS Holdings Ltd – (GDS)

OLD National Bancorp IN bought a new position in GDS Holdings Ltd – (NASDAQ:GDS) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 6,611 shares of the company’s stock, valued at approximately $236,000.

Several other institutional investors and hedge funds have also bought and sold shares of GDS. JPMorgan Chase & Co. raised its holdings in GDS by 79,592.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 90,053 shares of the company’s stock valued at $3,164,000 after acquiring an additional 89,940 shares in the last quarter. Vanguard Group Inc. raised its holdings in GDS by 1,030.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,638,232 shares of the company’s stock valued at $57,551,000 after acquiring an additional 1,493,362 shares in the last quarter. Vanguard Group Inc raised its holdings in GDS by 1,030.8% in the 3rd quarter. Vanguard Group Inc now owns 1,638,232 shares of the company’s stock valued at $57,551,000 after acquiring an additional 1,493,362 shares in the last quarter. Bank of Montreal Can grew its stake in shares of GDS by 4.5% in the 4th quarter. Bank of Montreal Can now owns 18,515 shares of the company’s stock valued at $428,000 after purchasing an additional 797 shares during the period. Finally, State of New Jersey Common Pension Fund D grew its stake in shares of GDS by 17.2% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 287,285 shares of the company’s stock valued at $6,634,000 after purchasing an additional 42,247 shares during the period. Institutional investors own 54.07% of the company’s stock.

GDS has been the topic of several analyst reports. BidaskClub upgraded GDS from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. TheStreet upgraded GDS from a “d” rating to a “c-” rating in a research note on Wednesday, March 13th. Credit Suisse Group set a $42.00 price objective on GDS and gave the company a “buy” rating in a research note on Tuesday, March 19th. Finally, Zacks Investment Research lowered GDS from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Two analysts have rated the stock with a sell rating, five have given a buy rating and one has given a strong buy rating to the stock. GDS has a consensus rating of “Buy” and an average price target of $41.29.

GDS stock opened at $37.55 on Friday. GDS Holdings Ltd – has a 1-year low of $18.59 and a 1-year high of $46.18. The company has a market capitalization of $4.41 billion, a PE ratio of -73.63 and a beta of 3.18. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.87 and a current ratio of 2.22.

GDS (NASDAQ:GDS) last released its quarterly earnings data on Tuesday, May 14th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.05). GDS had a negative net margin of 15.41% and a negative return on equity of 7.56%. The company had revenue of $891.80 million during the quarter, compared to the consensus estimate of $888.42 million. During the same quarter in the prior year, the company posted ($0.71) earnings per share. The company’s revenue for the quarter was up 58.6% on a year-over-year basis. Analysts forecast that GDS Holdings Ltd – will post -0.47 earnings per share for the current year.

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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, as well as consulting services. Its data centers service customers that primarily operate in the Internet and banking industries in Shanghai and Beijing municipalities; and Jiangsu, Guangdong, Sichuan, and Hebei Provinces.

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Institutional Ownership by Quarter for GDS (NASDAQ:GDS)

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