Broad Peak Investment Advisers Pte Ltd Acquires Shares of 445,050 GDS Holdings $GDS

Broad Peak Investment Advisers Pte Ltd acquired a new stake in GDS Holdings (NASDAQ:GDS) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 445,050 shares of the company’s stock, valued at approximately $17,931,000. GDS comprises about 3.6% of Broad Peak Investment Advisers Pte Ltd’s portfolio, making the stock its 9th largest position. Broad Peak Investment Advisers Pte Ltd owned about 0.23% of GDS at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. purchased a new position in shares of GDS during the first quarter worth $25,000. NewEdge Advisors LLC purchased a new stake in GDS in the first quarter valued at $25,000. Leonteq Securities AG acquired a new stake in GDS during the 4th quarter worth about $34,000. EverSource Wealth Advisors LLC grew its position in GDS by 41.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company’s stock worth $55,000 after purchasing an additional 531 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of GDS by 113.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the company’s stock valued at $56,000 after buying an additional 974 shares during the last quarter. Institutional investors and hedge funds own 33.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wall Street Zen raised GDS from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings upgraded GDS from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Morgan Stanley restated an “overweight” rating and issued a $64.00 price objective on shares of GDS in a research report on Tuesday, March 17th. Piper Sandler set a $36.00 price objective on shares of GDS in a research note on Thursday, May 21st. Finally, Zacks Research raised shares of GDS from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 16th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $48.04.

GDS Trading Up 0.3%

GDS stock opened at $29.33 on Tuesday. GDS Holdings has a 52-week low of $26.97 and a 52-week high of $48.61. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 1.25. The firm has a market cap of $5.88 billion, a P/E ratio of 18.68 and a beta of 0.39. The company’s 50-day simple moving average is $37.80 and its 200-day simple moving average is $40.03.

GDS (NASDAQ:GDS) last announced its quarterly earnings results on Friday, May 15th. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $1.56. The firm had revenue of $426.12 million during the quarter, compared to analyst estimates of $436.44 million. GDS had a return on equity of 15.62% and a net margin of 23.83%.GDS’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.47 EPS. As a group, equities analysts forecast that GDS Holdings will post 5.65 EPS for the current fiscal year.

Insider Buying and Selling

In other news, VP Yixin Qian sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $35.25, for a total value of $352,500.00. Following the completion of the sale, the vice president directly owned 66,865 shares in the company, valued at $2,356,991.25. The trade was a 13.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Judy Qing Ye sold 37,394 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $36.21, for a total value of $1,354,036.74. The SEC filing for this sale provides additional information. 7.99% of the stock is owned by insiders.

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.