Carrhae Capital LLP Purchases 518,921 Shares of GDS Holdings $GDS

Carrhae Capital LLP raised its position in GDS Holdings (NASDAQ:GDS) by 31.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,167,199 shares of the company’s stock after buying an additional 518,921 shares during the period. GDS comprises 2.9% of Carrhae Capital LLP’s investment portfolio, making the stock its 9th biggest position. Carrhae Capital LLP’s holdings in GDS were worth $75,635,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Canada Pension Plan Investment Board boosted its stake in shares of GDS by 77.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 7,004,083 shares of the company’s stock worth $214,115,000 after acquiring an additional 3,062,658 shares in the last quarter. Marshall Wace LLP increased its stake in shares of GDS by 1,671.6% in the 3rd quarter. Marshall Wace LLP now owns 1,227,203 shares of the company’s stock valued at $47,493,000 after purchasing an additional 1,157,934 shares in the last quarter. Bamco Inc. NY raised its holdings in GDS by 35.0% in the 3rd quarter. Bamco Inc. NY now owns 4,258,664 shares of the company’s stock worth $164,810,000 after purchasing an additional 1,104,756 shares during the period. Nishkama Capital LLC acquired a new position in GDS in the 3rd quarter worth about $28,037,000. Finally, Alyeska Investment Group L.P. boosted its position in GDS by 62.0% during the third quarter. Alyeska Investment Group L.P. now owns 1,892,103 shares of the company’s stock worth $73,224,000 after purchasing an additional 724,290 shares in the last quarter. Institutional investors and hedge funds own 33.71% of the company’s stock.

GDS Stock Performance

Shares of NASDAQ:GDS opened at $35.02 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.87 and a quick ratio of 2.60. GDS Holdings has a 1 year low of $22.53 and a 1 year high of $48.61. The firm has a market capitalization of $6.81 billion, a PE ratio of 22.31 and a beta of 0.46. The business’s 50 day moving average price is $42.25 and its 200-day moving average price is $39.91.

GDS (NASDAQ:GDS) last posted its quarterly earnings data on Wednesday, May 20th. The company reported $1.53 EPS for the quarter, beating the consensus estimate of ($0.03) by $1.56. The firm had revenue of $426.13 million during the quarter, compared to the consensus estimate of $436.44 million. GDS had a return on equity of 15.62% and a net margin of 23.83%.The firm’s revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the company earned $3.47 EPS. As a group, equities research analysts expect that GDS Holdings will post 3.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on GDS shares. Zacks Research cut GDS from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. TD Cowen decreased their target price on GDS from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday. Wall Street Zen raised shares of GDS from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Piper Sandler set a $36.00 price target on shares of GDS in a report on Thursday. Finally, Weiss Ratings upgraded shares of GDS from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, GDS presently has an average rating of “Moderate Buy” and a consensus target price of $48.04.

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.