GSA Capital Partners LLP Buys Shares of 26,684 GDS Holdings Limited (NASDAQ:GDS)

GSA Capital Partners LLP bought a new stake in shares of GDS Holdings Limited (NASDAQ:GDS) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 26,684 shares of the company’s stock, valued at approximately $544,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Blue Trust Inc. increased its position in shares of GDS by 1,558.3% in the 3rd quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock valued at $51,000 after buying an additional 2,353 shares in the last quarter. Signaturefd LLC increased its position in shares of GDS by 17.3% in the 3rd quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock valued at $168,000 after buying an additional 1,215 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in shares of GDS in the 2nd quarter valued at $108,000. Macroview Investment Management LLC bought a new stake in shares of GDS in the 3rd quarter valued at $275,000. Finally, Marshall Wace LLP bought a new stake in shares of GDS in the 2nd quarter valued at $203,000. Institutional investors own 33.71% of the company’s stock.

GDS Trading Down 16.2 %

GDS stock opened at $19.68 on Wednesday. The firm has a 50-day moving average of $20.96 and a 200-day moving average of $14.54. GDS Holdings Limited has a one year low of $5.01 and a one year 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 $3.75 billion, a price-to-earnings ratio of -6.13 and a beta of 0.23.

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on GDS. Royal Bank of Canada upped their target price on shares of GDS from $14.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Nomura Securities raised shares of GDS to a “strong-buy” rating in a research note on Monday, August 26th. Finally, Bank of America upped their target price on shares of GDS from $12.40 to $22.40 and gave the stock a “buy” rating in a research note on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $18.29.

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.