Fiera Capital Corp Acquires New Position in GDS Holdings $GDS

Fiera Capital Corp acquired a new stake in GDS Holdings (NASDAQ:GDS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 71,052 shares of the company’s stock, valued at approximately $2,480,000.

Several other hedge funds have also modified their holdings of GDS. Advisors Asset Management Inc. acquired a new position in shares of GDS during the first quarter worth about $25,000. NewEdge Advisors LLC acquired a new position in shares of GDS during the first quarter worth $25,000. Assetmark Inc. grew its stake in shares of GDS by 1,123.2% during the third quarter. Assetmark Inc. now owns 685 shares of the company’s stock worth $27,000 after purchasing an additional 629 shares in the last quarter. Leonteq Securities AG acquired a new position in shares of GDS during the fourth quarter worth $34,000. Finally, Hantz Financial Services Inc. grew its stake in shares of GDS by 165.0% during the third quarter. Hantz Financial Services Inc. now owns 1,365 shares of the company’s stock worth $53,000 after purchasing an additional 850 shares in the last quarter. 33.71% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Judy Qing Ye sold 37,394 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $36.21, for a total value of $1,354,036.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 7.99% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on GDS. Wall Street Zen raised shares of GDS from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Morgan Stanley reiterated an “overweight” rating and set a $64.00 target price on shares of GDS in a research report on Tuesday, March 17th. Piper Sandler set a $36.00 price target on GDS in a report on Thursday, May 21st. TD Cowen lowered their price target on shares of GDS from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Finally, Weiss Ratings upgraded shares of GDS from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $48.04.

GDS Price Performance

Shares of NASDAQ:GDS opened at $36.11 on Wednesday. The business’s fifty day moving average price is $40.36 and its two-hundred day moving average price is $40.23. The stock has a market cap of $7.24 billion, a PE ratio of 23.00 and a beta of 0.39. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.87 and a current ratio of 1.87. GDS Holdings has a one year low of $25.47 and a one year high of $48.61.

GDS (NASDAQ:GDS) last announced its earnings results on Friday, May 15th. The company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $1.56. GDS had a return on equity of 15.62% and a net margin of 23.83%.The firm had revenue of $426.13 million for the quarter, compared to analysts’ expectations of $436.44 million. During the same quarter in the prior year, the firm earned $3.47 EPS. GDS’s quarterly revenue was up 23.7% on a year-over-year basis. On average, analysts forecast that GDS Holdings will post 5.65 EPS for the current fiscal year.

GDS Profile

GDS Holdings Limited, founded in 2001 and headquartered in Shanghai, is a leading network-neutral data center services provider in China. The company operates a portfolio of state-of-the-art data center facilities designed to support the mission-critical IT infrastructure of cloud service providers, internet enterprises, financial institutions, and government entities. GDS was among the first Chinese providers to offer high-density colocation solutions, catering to customers with demanding computing and storage requirements.

GDS specializes in delivering scalable colocation, cross-connect, and interconnection services within its facilities, enabling clients to establish high-speed, low-latency connections to major cloud platforms and internet exchange points.