40,822 Shares in GDS Holdings $GDS Bought by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new position in shares of GDS Holdings (NASDAQ:GDS) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 40,822 shares of the company’s stock, valued at approximately $1,580,000.

A number of other institutional investors also recently bought and sold shares of GDS. Canada Pension Plan Investment Board raised its holdings in shares of GDS by 77.7% in the second quarter. Canada Pension Plan Investment Board now owns 7,004,083 shares of the company’s stock valued at $214,115,000 after buying an additional 3,062,658 shares during the last quarter. Aspex Management HK Ltd increased its position in GDS by 46.4% in the 2nd quarter. Aspex Management HK Ltd now owns 4,406,949 shares of the company’s stock valued at $134,720,000 after acquiring an additional 1,397,073 shares during the period. Light Street Capital Management LLC purchased a new stake in GDS during the 2nd quarter valued at approximately $21,845,000. Norges Bank purchased a new position in shares of GDS in the 2nd quarter valued at approximately $18,342,000. Finally, MY.Alpha Management HK Advisors Ltd purchased a new position in shares of GDS in the 2nd quarter valued at approximately $14,273,000. 33.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on GDS. Raymond James Financial restated a “strong-buy” rating on shares of GDS in a research note on Tuesday, January 13th. UBS Group set a $55.00 price objective on shares of GDS in a research report on Monday, December 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GDS in a report on Monday, December 29th. Macquarie Infrastructure set a $46.70 price target on shares of GDS in a research note on Thursday, November 6th. Finally, TD Cowen reduced their price objective on shares of GDS from $38.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $46.70.

GDS Price Performance

Shares of GDS stock opened at $45.23 on Wednesday. The company has a 50-day moving average of $40.55 and a two-hundred day moving average of $36.95. GDS Holdings has a 12-month low of $16.92 and a 12-month high of $52.50. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 1.65.

GDS (NASDAQ:GDS) last released its quarterly earnings results on Wednesday, November 19th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.51. GDS had a return on equity of 5.17% and a net margin of 49.60%.The business had revenue of $405.28 million for the quarter, compared to analysts’ expectations of $402.81 million. During the same quarter in the prior year, the firm posted ($0.14) EPS. The company’s revenue was up 10.2% compared to the same quarter last year. Analysts expect that GDS Holdings will post -0.89 earnings per share for the current fiscal year.

GDS Company 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.