36,372 Shares in GDS Holdings $GDS Purchased by Headlands Technologies LLC

Headlands Technologies LLC purchased a new stake in GDS Holdings (NASDAQ:GDS) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 36,372 shares of the company’s stock, valued at approximately $1,092,000.

A number of other hedge funds have also added to or reduced their stakes in GDS. Triata Capital Ltd lifted its holdings in shares of GDS by 23.5% in the fourth quarter. Triata Capital Ltd now owns 2,974,298 shares of the company’s stock valued at $103,803,000 after purchasing an additional 566,345 shares in the last quarter. Barometer Capital Management Inc. boosted its position in shares of GDS by 2,338.5% during the first quarter. Barometer Capital Management Inc. now owns 158,500 shares of the company’s stock valued at $6,386,000 after buying an additional 152,000 shares during the last quarter. Electron Capital Partners LLC grew its holdings in GDS by 52.2% during the fourth quarter. Electron Capital Partners LLC now owns 105,448 shares of the company’s stock worth $3,680,000 after buying an additional 36,166 shares in the last quarter. Pictet Asset Management Holding SA bought a new stake in GDS during the fourth quarter worth $4,983,000. Finally, Bank of America Corp DE raised its position in GDS by 25.5% in the 1st quarter. Bank of America Corp DE now owns 2,177,301 shares of the company’s stock valued at $87,723,000 after buying an additional 442,414 shares during the last quarter. Institutional investors and hedge funds own 33.71% of the company’s stock.

GDS Trading Down 4.7%

Shares of GDS stock opened at $31.85 on Tuesday. The firm has a market cap of $6.38 billion, a PE ratio of 14.81 and a beta of 0.43. GDS Holdings has a 1 year low of $26.97 and a 1 year high of $48.61. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.78 and a quick ratio of 1.78. The stock has a fifty day moving average price of $32.10 and a 200-day moving average price of $37.62.

GDS (NASDAQ:GDS) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $0.52 earnings per share for the quarter. The company had revenue of $454.51 million for the quarter. GDS had a net margin of 30.70% and a return on equity of 17.94%. Equities research analysts anticipate that GDS Holdings will post 3.15 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on GDS. Weiss Ratings restated a “hold (c)” rating on shares of GDS in a research note on Thursday, August 13th. Wall Street Zen lowered shares of GDS from a “hold” rating to a “sell” rating in a research report on Saturday. TD Cowen cut their price target on shares of GDS from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Piper Sandler set a $36.00 price objective on shares of GDS in a research report on Thursday, May 21st. Finally, Zacks Research downgraded GDS from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $47.54.

Insider Buying and Selling

In other GDS news, VP Yixin Qian sold 10,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $35.25, for a total value of $352,500.00. Following the transaction, the vice president directly owned 66,865 shares in the company, valued at $2,356,991.25. The trade was a 13.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 7.99% of the company’s stock.

GDS Profile

GDS Holdings Limited, founded in 2001 and headquartered in Shanghai, is a leading network-neutral data center services provider in China. The company operates a portfolio of state-of-the-art data center facilities designed to support the mission-critical IT infrastructure of cloud service providers, internet enterprises, financial institutions, and government entities. GDS was among the first Chinese providers to offer high-density colocation solutions, catering to customers with demanding computing and storage requirements.

GDS specializes in delivering scalable colocation, cross-connect, and interconnection services within its facilities, enabling clients to establish high-speed, low-latency connections to major cloud platforms and internet exchange points.