Indus Capital Partners LLC Cuts Position in GDS Holdings $GDS

Indus Capital Partners LLC trimmed its stake in GDS Holdings (NASDAQ:GDS) by 23.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,342,258 shares of the company’s stock after selling 403,300 shares during the quarter. GDS makes up about 32.1% of Indus Capital Partners LLC’s investment portfolio, making the stock its 2nd largest holding. Indus Capital Partners LLC owned about 0.70% of GDS worth $33,999,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of GDS. Brooklyn Investment Group raised its stake in shares of GDS by 2,390.0% during the first quarter. Brooklyn Investment Group now owns 996 shares of the company’s stock valued at $25,000 after purchasing an additional 956 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of GDS during the 1st quarter worth $26,000. Wells Fargo & Company MN increased its stake in GDS by 1,904.2% in the 4th quarter. Wells Fargo & Company MN now owns 3,788 shares of the company’s stock worth $90,000 after purchasing an additional 3,599 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in GDS in the 1st quarter worth about $125,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in GDS in the 1st quarter worth about $176,000. 33.71% of the stock is currently owned by institutional investors.

GDS Trading Down 0.4%

Shares of GDS opened at $33.67 on Thursday. 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 Holdings has a 12-month low of $15.88 and a 12-month high of $52.50. The firm has a market capitalization of $6.42 billion, a PE ratio of 9.96 and a beta of 0.33. The stock’s fifty day simple moving average is $33.60 and its 200-day simple moving average is $30.34.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GDS. Zacks Research cut GDS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Wall Street Zen upgraded GDS from a “sell” rating to a “hold” rating in a report on Wednesday, May 21st. JPMorgan Chase & Co. upgraded GDS from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $34.00 to $46.00 in a report on Wednesday, July 16th. JMP Securities upped their price target on GDS from $40.00 to $50.00 and gave the stock a “market outperform” rating in a report on Thursday, August 21st. Finally, Bank of America upped their price target on GDS from $47.60 to $50.60 and gave the stock a “buy” rating in a report on Friday, August 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $46.93.

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.