Siren L.L.C. purchased a new position in shares of GDS Holdings (NASDAQ:GDS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 12,500 shares of the company's stock, valued at approximately $317,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. purchased a new position in shares of GDS during the first quarter worth approximately $302,000. Anson Funds Management LP purchased a new stake in GDS in the 1st quarter valued at $1,287,000. Brooklyn Investment Group boosted its stake in 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 period. Summit Securities Group LLC purchased a new position in GDS during the 1st quarter worth $26,000. Finally, Northwest & Ethical Investments L.P. acquired a new position in GDS in the first quarter valued at $280,000. Hedge funds and other institutional investors own 33.71% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the company. Daiwa Capital Markets reissued a "buy" rating on shares of GDS in a report on Wednesday, May 28th. Bank of America lifted their target price on GDS from $47.60 to $50.60 and gave the company a "buy" rating in a research note on Friday, August 22nd. Wall Street Zen upgraded GDS from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. JPMorgan Chase & Co. raised GDS from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $34.00 to $46.00 in a report on Wednesday, July 16th. Finally, BMO Capital Markets raised shares of GDS to a "market perform" rating in a research note on Wednesday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $46.93.
View Our Latest Report on GDS
GDS Price Performance
Shares of GDS traded down $1.57 on Tuesday, reaching $32.99. The stock had a trading volume of 2,007,488 shares, compared to its average volume of 2,756,218. GDS Holdings has a twelve month low of $15.91 and a twelve month high of $52.50. The firm has a market capitalization of $6.29 billion, a PE ratio of 9.76 and a beta of 0.34. The firm has a 50-day moving average of $34.05 and a 200 day moving average of $30.28. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 1.71.
About GDS
(
Free Report)
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.
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