Summit Global Investments Purchases New Position in GDS Holdings $GDS

Summit Global Investments acquired a new stake in shares of GDS Holdings (NASDAQ:GDS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 11,465 shares of the company’s stock, valued at approximately $350,000.

Other large investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group increased its stake in shares of GDS by 2,390.0% during the 1st quarter. Brooklyn Investment Group now owns 996 shares of the company’s stock worth $25,000 after purchasing an additional 956 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in GDS in the first quarter worth $25,000. NewEdge Advisors LLC bought a new stake in GDS in the first quarter worth $25,000. Summit Securities Group LLC acquired a new position in GDS during the first quarter worth $26,000. Finally, Huntington National Bank increased its position in GDS by 83,700.0% during the second quarter. Huntington National Bank now owns 838 shares of the company’s stock worth $26,000 after buying an additional 837 shares during the last quarter. 33.71% of the stock is owned by institutional investors.

GDS Stock Performance

Shares of NASDAQ GDS opened at $34.10 on Thursday. GDS Holdings has a 12 month low of $16.92 and a 12 month high of $52.50. The company has a market cap of $6.50 billion, a P/E ratio of 10.09 and a beta of 0.37. The business’s 50 day moving average is $35.29 and its two-hundred day moving average is $33.01. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 1.71.

GDS (NASDAQ:GDS) last posted its quarterly earnings data on Wednesday, November 19th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.51. GDS had a return on equity of 1.40% and a net margin of 40.83%.The company had revenue of $405.28 million during the quarter, compared to analysts’ expectations of $402.81 million. During the same period in the prior year, the business earned ($0.14) earnings per share. GDS’s revenue for the quarter was up 10.2% compared to the same quarter last year. GDS has set its FY 2025 guidance at EPS. On average, equities analysts expect that GDS Holdings will post -0.89 EPS for the current year.

Wall Street Analysts Forecast Growth

GDS has been the subject of a number of analyst reports. Bank of America boosted their price target on GDS from $47.60 to $50.60 and gave the stock a “buy” rating in a research report on Friday, August 22nd. JMP Securities raised their price objective on GDS from $40.00 to $50.00 and gave the company a “market outperform” rating in a research note on Thursday, August 21st. TD Cowen reduced their target price on GDS from $38.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Macquarie set a $46.70 target price on GDS in a research report on Thursday, November 6th. Finally, Zacks Research lowered shares of GDS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, GDS currently has a consensus rating of “Moderate Buy” and an average target price of $45.66.

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.