Maxi Investments CY Ltd Takes $6.03 Million Position in GDS Holdings $GDS

Maxi Investments CY Ltd bought a new position in shares of GDS Holdings (NASDAQ:GDS) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 172,700 shares of the company’s stock, valued at approximately $6,027,000. GDS comprises about 1.1% of Maxi Investments CY Ltd’s investment portfolio, making the stock its 23rd biggest position.

Other institutional investors have also modified their holdings of the company. Canada Pension Plan Investment Board boosted its holdings in GDS by 77.7% in the second quarter. Canada Pension Plan Investment Board now owns 7,004,083 shares of the company’s stock valued at $214,115,000 after purchasing an additional 3,062,658 shares during the last quarter. Bamco Inc. NY increased its holdings in GDS by 35.0% during the 3rd quarter. Bamco Inc. NY now owns 4,258,664 shares of the company’s stock worth $164,810,000 after purchasing an additional 1,104,756 shares during the last quarter. Triata Capital Ltd raised its position in shares of GDS by 35.5% in the 3rd quarter. Triata Capital Ltd now owns 2,407,953 shares of the company’s stock valued at $93,188,000 after purchasing an additional 630,339 shares in the last quarter. Alyeska Investment Group L.P. boosted its stake in shares of GDS by 62.0% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,892,103 shares of the company’s stock valued at $73,224,000 after buying an additional 724,290 shares during the last quarter. Finally, Carrhae Capital LLP boosted its stake in shares of GDS by 295.4% during the 3rd quarter. Carrhae Capital LLP now owns 1,648,278 shares of the company’s stock valued at $63,788,000 after buying an additional 1,231,375 shares during the last quarter. Institutional investors and hedge funds own 33.71% of the company’s stock.

Analysts Set New Price Targets

GDS has been the subject of a number of research analyst reports. Raymond James Financial restated a “strong-buy” rating on shares of GDS in a research note on Tuesday, January 13th. Morgan Stanley reissued an “overweight” rating and set a $64.00 price objective on shares of GDS in a report on Tuesday, March 17th. Zacks Research upgraded shares of GDS from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 23rd. Wall Street Zen raised shares of GDS from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings downgraded GDS from a “hold (c+)” rating to a “hold (c-)” rating in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $49.90.

GDS Price Performance

Shares of NASDAQ:GDS opened at $43.62 on Friday. The company has a market cap of $8.48 billion, a PE ratio of 83.89 and a beta of 0.46. GDS Holdings has a fifty-two week low of $22.53 and a fifty-two week high of $48.61. The firm has a 50-day simple moving average of $42.22 and a 200 day simple moving average of $39.47. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 1.60.

GDS (NASDAQ:GDS) last issued its earnings results on Saturday, February 14th. The company reported ($0.35) earnings per share (EPS) for the quarter. GDS had a return on equity of 8.79% and a net margin of 8.12%.The business had revenue of $417.60 million during the quarter. On average, sell-side analysts anticipate that GDS Holdings will post 1.16 EPS for the current year.

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.