GDS Holdings Limited (NASDAQ:GDS) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its holdings in shares of GDS Holdings Limited (NASDAQ:GDS) by 12.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,512 shares of the company’s stock after selling 1,958 shares during the quarter. Thrivent Financial for Lutherans’ holdings in GDS were worth $1,061,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of GDS. Eaton Vance Management purchased a new position in shares of GDS in the first quarter valued at approximately $51,000. Point72 Asset Management L.P. grew its stake in shares of GDS by 318.2% in the first quarter. Point72 Asset Management L.P. now owns 18,400 shares of the company’s stock valued at $1,492,000 after buying an additional 14,000 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of GDS in the first quarter valued at $3,251,000. Canada Pension Plan Investment Board grew its stake in shares of GDS by 1.4% in the first quarter. Canada Pension Plan Investment Board now owns 128,736 shares of the company’s stock valued at $10,439,000 after buying an additional 1,726 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new position in GDS in the first quarter valued at $244,000. Institutional investors own 57.15% of the company’s stock.

A number of research analysts have recently commented on the company. TheStreet downgraded GDS from a “c-” rating to a “d+” rating in a report on Friday, August 20th. Zacks Investment Research downgraded GDS from a “hold” rating to a “sell” rating in a research note on Wednesday, October 27th. Royal Bank of Canada dropped their price target on GDS from $82.00 to $80.00 and set an “outperform” rating on the stock in a research note on Friday, November 19th. Raymond James dropped their price target on GDS from $110.00 to $75.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, August 18th. Finally, HSBC lowered their target price on GDS from $111.00 to $88.00 and set a “buy” rating on the stock in a research note on Monday, October 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $87.60.

GDS stock opened at $56.35 on Thursday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a fifty day moving average of $58.59 and a two-hundred day moving average of $64.72. The company has a market capitalization of $10.53 billion, a price-to-earnings ratio of -52.18 and a beta of 0.98. GDS Holdings Limited has a fifty-two week low of $49.16 and a fifty-two week high of $116.76.

GDS (NASDAQ:GDS) last announced its quarterly earnings data on Monday, November 15th. The company reported ($1.84) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($1.67). GDS had a negative net margin of 16.63% and a negative return on equity of 4.88%. The business had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the prior year, the firm earned ($0.21) EPS. GDS’s revenue for the quarter was up 35.2% on a year-over-year basis. On average, analysts forecast that GDS Holdings Limited will post -0.79 EPS for the current fiscal year.

GDS Profile

GDS Holdings Ltd. engages in developing and operating data centers in China. It builds, operates, and transfers data centers at other locations. Its data centers are carrier and cloud-neutral, which enable customers to connect to major telecommunications carriers, and to access a number of cloud service providers.

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Institutional Ownership by Quarter for GDS (NASDAQ:GDS)

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