Anson Funds Management LP Takes $1.29 Million Position in GDS Holdings $GDS

Key Points

• Anson Funds Management LP has acquired a new stake in GDS Holdings, purchasing 50,800 shares valued at approximately $1.29 million in the first quarter.
• Several institutional investors have significantly increased their holdings in GDS, with ownership by institutional investors now at 33.71%.
• Analysts have maintained an overall positive outlook on GDS, with a consensus rating of "Moderate Buy" and an average price target raised to $46.93.

Anson Funds Management LP acquired a new stake in shares of GDS Holdings (NASDAQ:GDS - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,800 shares of the company's stock, valued at approximately $1,287,000.

Several other institutional investors have also modified their holdings of the stock. Brooklyn Investment Group increased its position in shares of GDS by 2,390.0% during the 1st quarter. Brooklyn Investment Group now owns 996 shares of the company's stock valued at $25,000 after purchasing an additional 956 shares during the last quarter. Advisors Asset Management Inc. bought a new position in GDS during the first quarter valued at $25,000. NewEdge Advisors LLC purchased a new stake in shares of GDS in the first quarter valued at $25,000. Summit Securities Group LLC bought a new stake in shares of GDS in the 1st quarter worth about $26,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of GDS during the 1st quarter worth about $125,000. 33.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on GDS shares. BMO Capital Markets raised shares of GDS to a "market perform" rating in a research report on Wednesday, July 16th. Bank of America increased 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. Daiwa Capital Markets restated a "buy" rating on shares of GDS in a report on Wednesday, May 28th. JPMorgan Chase & Co. upgraded GDS from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $34.00 to $46.00 in a research note on Wednesday, July 16th. Finally, Wall Street Zen raised shares of GDS from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, GDS presently has a consensus rating of "Moderate Buy" and an average price target of $46.93.

GDS Stock Down 2.2%

NASDAQ:GDS opened at $33.50 on Thursday. The company has a debt-to-equity ratio of 1.71, a current ratio of 2.00 and a quick ratio of 2.00. GDS Holdings has a 1-year low of $15.91 and a 1-year high of $52.50. The company has a 50-day moving average of $34.57 and a 200 day moving average of $29.99. The firm has a market cap of $6.38 billion, a PE ratio of 9.91 and a beta of 0.34.

GDS Company Profile

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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