GDS Holdings $GDS Shares Sold by Beaconlight Capital LLC

Beaconlight Capital LLC trimmed its position in GDS Holdings (NASDAQ:GDS) by 15.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 136,043 shares of the company’s stock after selling 25,772 shares during the period. GDS comprises about 2.8% of Beaconlight Capital LLC’s portfolio, making the stock its 16th largest holding. Beaconlight Capital LLC owned approximately 0.07% of GDS worth $4,748,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Canada Pension Plan Investment Board lifted its stake in GDS by 77.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 7,004,083 shares of the company’s stock worth $214,115,000 after purchasing an additional 3,062,658 shares in the last quarter. Sachem Head Capital Management LP raised its position in shares of GDS by 45.0% during the 4th quarter. Sachem Head Capital Management LP now owns 9,300,000 shares of the company’s stock valued at $324,570,000 after buying an additional 2,885,000 shares during the period. Barclays PLC raised its position in GDS by 20,731.3% in the fourth quarter. Barclays PLC now owns 1,720,247 shares of the company’s stock valued at $60,037,000 after purchasing an additional 1,711,989 shares during the period. Carrhae Capital LLP raised its position in GDS by 295.4% in the third quarter. Carrhae Capital LLP now owns 1,648,278 shares of the company’s stock valued at $63,788,000 after purchasing an additional 1,231,375 shares during the period. Finally, Marshall Wace LLP raised its position in GDS by 1,671.6% in the third 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 during the period. 33.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Yixin Qian sold 10,000 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president owned 66,865 shares in the company, valued at approximately $2,356,991.25. This trade represents a 13.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Judy Qing Ye sold 37,394 shares of the firm’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 transaction of $1,354,036.74. Additional details regarding this sale are available in the official SEC disclosure. 7.99% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

GDS has been the topic of a number of recent research reports. TD Cowen cut their price objective on GDS from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Morgan Stanley restated an “overweight” rating and issued a $64.00 price objective on shares of GDS in a research note on Tuesday, March 17th. Zacks Research downgraded shares of GDS from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Piper Sandler set a $36.00 target price on shares of GDS in a report on Thursday, May 21st. Finally, Weiss Ratings raised shares of GDS from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $48.04.

GDS Trading Down 0.9%

Shares of GDS opened at $32.96 on Thursday. The firm’s 50-day moving average is $39.55 and its two-hundred day moving average is $40.25. The firm has a market capitalization of $6.60 billion, a P/E ratio of 20.99 and a beta of 0.39. GDS Holdings has a twelve month low of $26.50 and a twelve month high of $48.61. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 1.25.

GDS (NASDAQ:GDS) last released its quarterly earnings results on Friday, May 15th. The company reported $1.53 EPS for the quarter, beating the consensus estimate of ($0.03) by $1.56. The business had revenue of $426.13 million for the quarter, compared to analyst estimates of $436.44 million. GDS had a net margin of 23.83% and a return on equity of 15.62%. The company’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period in the prior year, the business earned $3.47 earnings per share. On average, research analysts predict that GDS Holdings will post 5.65 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.