Portolan Capital Management LLC Buys New Shares in GDS Holdings Limited (NASDAQ:GDS)

Portolan Capital Management LLC bought a new stake in shares of GDS Holdings Limited (NASDAQ:GDS) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 1,302,533 shares of the company’s stock, valued at approximately $26,572,000. GDS makes up approximately 1.9% of Portolan Capital Management LLC’s investment portfolio, making the stock its 12th largest position.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. lifted its stake in GDS by 1,558.3% in the 3rd quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock worth $51,000 after purchasing an additional 2,353 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in GDS in the 2nd quarter worth $108,000. Signaturefd LLC lifted its stake in GDS by 17.3% in the 3rd quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock worth $168,000 after purchasing an additional 1,215 shares in the last quarter. Marshall Wace LLP purchased a new stake in GDS in the 2nd quarter worth $203,000. Finally, Central Asset Investments & Management Holdings HK Ltd purchased a new stake in GDS in the 3rd quarter worth $245,000. Hedge funds and other institutional investors own 33.71% of the company’s stock.

Wall Street Analyst Weigh In

GDS has been the topic of a number of research reports. Bank of America boosted their target price on shares of GDS from $12.40 to $22.40 and gave the stock a “buy” rating in a report on Tuesday, August 27th. Royal Bank of Canada boosted 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. Finally, Nomura Securities upgraded shares of GDS to a “strong-buy” rating in a report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, GDS has a consensus rating of “Moderate Buy” and a consensus price target of $18.47.

GDS Price Performance

Shares of GDS opened at $20.41 on Wednesday. The company has a 50 day moving average price of $21.17 and a 200-day moving average price of $15.28. GDS Holdings Limited has a fifty-two week low of $5.01 and a fifty-two week high of $24.74. The stock has a market capitalization of $3.89 billion, a PE ratio of -6.69 and a beta of 0.18. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19.

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.