177,353 Shares in GDS Holdings Limited (NASDAQ:GDS) Acquired by Polymer Capital Management HK LTD

Polymer Capital Management HK LTD purchased a new stake in GDS Holdings Limited (NASDAQ:GDS) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 177,353 shares of the company’s stock, valued at approximately $3,618,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Bamco Inc. NY grew its position in shares of GDS by 128.6% in the 3rd quarter. Bamco Inc. NY now owns 6,040,555 shares of the company’s stock valued at $123,227,000 after buying an additional 3,397,592 shares during the last quarter. Baupost Group LLC MA grew its holdings in shares of GDS by 63.5% during the second quarter. Baupost Group LLC MA now owns 4,249,952 shares of the company’s stock worth $39,482,000 after purchasing an additional 1,649,952 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of GDS during the third quarter worth about $27,212,000. Portolan Capital Management LLC purchased a new stake in shares of GDS in the 3rd quarter valued at about $26,572,000. Finally, Farallon Capital Management LLC boosted its position in shares of GDS by 72.7% in the 2nd quarter. Farallon Capital Management LLC now owns 1,226,133 shares of the company’s stock valued at $11,391,000 after purchasing an additional 516,133 shares during the period. Institutional investors and hedge funds own 33.71% of the company’s stock.

GDS Price Performance

Shares of NASDAQ GDS opened at $20.41 on Wednesday. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market cap of $3.89 billion, a PE ratio of -6.69 and a beta of 0.18. The stock has a fifty day moving average price of $21.17 and a 200 day moving average price of $15.28. GDS Holdings Limited has a 1-year low of $5.01 and a 1-year high of $24.74.

Wall Street Analysts Forecast Growth

GDS has been the topic of several research analyst reports. Nomura Securities raised GDS to a “strong-buy” rating in a research report on Monday, August 26th. Bank of America upped their price target on shares of GDS from $12.40 to $22.40 and gave the company a “buy” rating in a research report on Tuesday, August 27th. Finally, Royal Bank of Canada lifted their price objective on shares of GDS from $14.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $18.47.

About GDS

GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services.