Central Asset Investments & Management Holdings HK Ltd Takes $245,000 Position in GDS Holdings Limited (NASDAQ:GDS)

Central Asset Investments & Management Holdings HK Ltd acquired a new position in GDS Holdings Limited (NASDAQ:GDS) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 12,000 shares of the company’s stock, valued at approximately $245,000.

Other institutional investors have also recently bought and sold shares of the company. Canada Pension Plan Investment Board increased its stake in GDS by 0.4% in the 1st quarter. Canada Pension Plan Investment Board now owns 9,713,325 shares of the company’s stock valued at $64,594,000 after buying an additional 33,978 shares during the period. Baupost Group LLC MA raised its position in shares of GDS by 63.5% in the second quarter. Baupost Group LLC MA now owns 4,249,952 shares of the company’s stock valued at $39,482,000 after purchasing an additional 1,649,952 shares during the period. Farallon Capital Management LLC lifted its stake in shares of GDS by 72.7% in the second quarter. Farallon Capital Management LLC now owns 1,226,133 shares of the company’s stock worth $11,391,000 after buying an additional 516,133 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of GDS by 17.3% during the 2nd quarter. Pacer Advisors Inc. now owns 849,568 shares of the company’s stock worth $7,892,000 after buying an additional 125,395 shares during the period. Finally, Bamco Inc. NY bought a new stake in shares of GDS during the 1st quarter worth $2,896,000. 33.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on GDS shares. Royal Bank of Canada lifted their target price on shares of GDS from $14.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Nomura Securities upgraded GDS to a “strong-buy” rating in a research note on Monday, August 26th. Finally, Bank of America increased their target price on GDS from $12.40 to $22.40 and gave the company a “buy” rating in a research note on Tuesday, August 27th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, GDS presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.29.

GDS Price Performance

Shares of GDS stock opened at $21.96 on Friday. The firm has a fifty day moving average price of $20.79 and a two-hundred day moving average price of $14.28. GDS Holdings Limited has a fifty-two week low of $5.01 and a fifty-two week high of $24.74. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.39 and a quick ratio of 1.39. The company has a market cap of $4.18 billion, a PE ratio of -6.84 and a beta of 0.23.

GDS (NASDAQ:GDS) last released its earnings results on Wednesday, August 21st. The company reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.25) by $0.07. GDS had a negative net margin of 39.96% and a negative return on equity of 9.10%. The business had revenue of $388.92 million during the quarter, compared to analysts’ expectations of $384.14 million. Analysts expect that GDS Holdings Limited will post -1.14 EPS for the current year.

GDS Profile

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.