Bamco Inc. NY Makes New Investment in GDS Holdings Limited (NASDAQ:GDS)

Bamco Inc. NY acquired a new stake in GDS Holdings Limited (NASDAQ:GDS) during the first quarter, Holdings Channel.com reports. The firm acquired 435,468 shares of the company’s stock, valued at approximately $2,896,000.

Other institutional investors also recently modified their holdings of the company. Tower Research Capital LLC TRC acquired a new position in shares of GDS during the fourth quarter valued at about $53,000. Quadrature Capital Ltd acquired a new position in shares of GDS in the 4th quarter valued at $107,000. Capstone Investment Advisors LLC bought a new position in shares of GDS during the 1st quarter worth about $188,000. Nomura Holdings Inc. acquired a new stake in shares of GDS during the 4th quarter valued at about $292,000. Finally, SG Americas Securities LLC bought a new stake in GDS in the first quarter valued at about $429,000. Institutional investors own 33.71% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada raised GDS from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $13.00 to $14.00 in a report on Monday, July 8th.

GDS Trading Down 2.2 %

Shares of NASDAQ GDS traded down $0.24 during mid-day trading on Monday, hitting $10.65. 305,641 shares of the stock were exchanged, compared to its average volume of 1,556,266. GDS Holdings Limited has a twelve month low of $5.01 and a twelve month high of $13.73. The stock’s fifty day simple moving average is $9.70 and its two-hundred day simple moving average is $7.95. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.13 and a current ratio of 1.13.

GDS (NASDAQ:GDS) last announced its earnings results on Wednesday, May 22nd. The company reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.33) by $0.06. GDS had a negative return on equity of 8.70% and a negative net margin of 41.33%. The company had revenue of $363.89 million for the quarter, compared to analysts’ expectations of $366.92 million. As a group, equities research analysts forecast that GDS Holdings Limited will post -1.26 EPS for the current year.

GDS Profile

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.