GDS Holdings $GDS Shares Sold by Bayforest Capital Ltd

Bayforest Capital Ltd lowered its holdings in shares of GDS Holdings (NASDAQ:GDS) by 73.8% in the third quarter, HoldingsChannel.com reports. The fund owned 6,730 shares of the company’s stock after selling 18,918 shares during the quarter. Bayforest Capital Ltd’s holdings in GDS were worth $260,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Huntington National Bank grew its position in shares of GDS by 83,700.0% in the second quarter. Huntington National Bank now owns 838 shares of the company’s stock valued at $26,000 after purchasing an additional 837 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in GDS in the 1st quarter valued at approximately $25,000. NewEdge Advisors LLC acquired a new stake in GDS during the 1st quarter valued at $25,000. EverSource Wealth Advisors LLC increased its position in GDS by 41.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company’s stock worth $55,000 after buying an additional 531 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of GDS by 113.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the company’s stock worth $56,000 after acquiring an additional 974 shares during the last quarter. Hedge funds and other institutional investors own 33.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on GDS. Raymond James Financial reiterated a “strong-buy” rating on shares of GDS in a research report on Tuesday. TD Cowen lowered their price target on shares of GDS from $38.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Macquarie set a $46.70 price objective on shares of GDS in a research note on Thursday, November 6th. Weiss Ratings restated a “hold (c)” rating on shares of GDS in a research report on Monday, December 29th. Finally, UBS Group set a $55.00 price target on GDS in a report on Monday, December 1st. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $46.70.

GDS Stock Performance

Shares of GDS stock opened at $42.34 on Wednesday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 2.51 and a current ratio of 2.51. The firm has a market capitalization of $8.38 billion, a price-to-earnings ratio of 10.61 and a beta of 0.34. GDS Holdings has a one year low of $16.92 and a one year high of $52.50. The company has a 50 day moving average price of $34.82 and a 200 day moving average price of $35.25.

GDS (NASDAQ:GDS) last announced its quarterly earnings data on Wednesday, November 19th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.51. The company had revenue of $405.28 million during the quarter, compared to analysts’ expectations of $402.81 million. GDS had a net margin of 49.60% and a return on equity of 5.17%. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.14) EPS. Sell-side analysts anticipate that GDS Holdings will post -0.89 EPS for the current year.

About GDS

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.