Beaconlight Capital LLC Decreases Position in GDS Holdings $GDS

Beaconlight Capital LLC reduced its stake in GDS Holdings (NASDAQ:GDS) by 76.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 31,989 shares of the company’s stock after selling 104,054 shares during the period. GDS makes up 0.7% of Beaconlight Capital LLC’s investment portfolio, making the stock its 29th largest position. Beaconlight Capital LLC’s holdings in GDS were worth $1,289,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board lifted its position 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 buying an additional 3,062,658 shares during the last quarter. Sachem Head Capital Management LP lifted its position in GDS by 45.0% in the fourth quarter. Sachem Head Capital Management LP now owns 9,300,000 shares of the company’s stock valued at $324,570,000 after acquiring an additional 2,885,000 shares during the last quarter. WCM Investment Management LLC acquired a new position in GDS in the first quarter valued at $68,092,000. Barclays PLC grew its holdings in shares of GDS by 20,731.3% during the fourth quarter. Barclays PLC now owns 1,720,247 shares of the company’s stock worth $60,037,000 after purchasing an additional 1,711,989 shares during the last quarter. Finally, Marshall Wace LLP increased its position in shares of GDS by 1,671.6% during the third quarter. Marshall Wace LLP now owns 1,227,203 shares of the company’s stock worth $47,493,000 after purchasing an additional 1,157,934 shares in the last quarter. Institutional investors and hedge funds own 33.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on GDS shares. Weiss Ratings raised GDS from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Zacks Research upgraded GDS from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 16th. TD Cowen lowered their target price on shares of GDS from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Wall Street Zen raised shares of GDS from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Piper Sandler set a $36.00 price target on shares of GDS in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $48.33.

GDS Stock Down 2.7%

GDS opened at $31.63 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.87 and a quick ratio of 1.87. The business has a 50 day simple moving average of $33.23 and a 200-day simple moving average of $39.53. The stock has a market capitalization of $6.34 billion, a P/E ratio of 20.15 and a beta of 0.41. GDS Holdings has a 12 month low of $26.97 and a 12 month high of $48.61.

GDS (NASDAQ:GDS) last announced its quarterly earnings data on Friday, May 15th. The company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $1.56. The firm had revenue of $426.12 million for 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 quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.47 earnings per share. On average, equities analysts anticipate that GDS Holdings will post 5.65 earnings per share for the current fiscal year.

Insider Buying and Selling at GDS

In other news, VP Yixin Qian sold 10,000 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $35.25, for a total transaction of $352,500.00. Following the transaction, the vice president directly owned 66,865 shares of the company’s stock, valued at $2,356,991.25. This represents a 13.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Judy Qing Ye sold 37,394 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $36.21, for a total transaction of $1,354,036.74. The SEC filing for this sale provides additional information. 7.99% of the stock is currently owned by insiders.

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.