Anson Funds Management LP Purchases New Position in GDS Holdings $GDS

Key Points

• Anson Funds Management LP has acquired 50,800 shares of GDS Holdings, valued at approximately $1.287 million, in the first quarter.
• Analysts have increased their price targets for GDS, with JMP Securities raising their target from $40 to $50 and Bank of America increasing theirs from $47.60 to $50.60, both rating the stock as a "buy."
• Currently, institutional investors and hedge funds own 33.71% of GDS stock, indicating significant interest in the company.

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

Several other large investors have also recently bought and sold shares of GDS. Brooklyn Investment Group boosted 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 worth $25,000 after acquiring an additional 956 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of GDS in the 1st quarter worth about $26,000. Invesco Ltd. lifted its position in GDS by 2.1% in the 1st quarter. Invesco Ltd. now owns 90,278 shares of the company's stock valued at $2,287,000 after acquiring an additional 1,855 shares in the last quarter. Wells Fargo & Company MN lifted its position in GDS by 1,904.2% in the 4th quarter. Wells Fargo & Company MN now owns 3,788 shares of the company's stock valued at $90,000 after acquiring an additional 3,599 shares in the last quarter. Finally, Vident Advisory LLC lifted its position in GDS by 23.9% in the 4th quarter. Vident Advisory LLC now owns 24,390 shares of the company's stock valued at $580,000 after acquiring an additional 4,710 shares in the last quarter. 33.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on GDS shares. Bank of America boosted their price target on shares of GDS from $47.60 to $50.60 and gave the stock a "buy" rating in a report on Friday, August 22nd. Wall Street Zen upgraded shares of GDS from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Daiwa Capital Markets restated a "buy" rating on shares of GDS in a report on Wednesday, May 28th. JMP Securities boosted their price target on shares of GDS from $40.00 to $50.00 and gave the stock a "market outperform" rating in a report on Thursday, August 21st. Finally, BMO Capital Markets upgraded shares of GDS to a "market perform" rating in a report on Wednesday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $46.93.

GDS Stock Performance

GDS traded down $0.09 during midday trading on Friday, reaching $34.99. The company had a trading volume of 2,883,215 shares, compared to its average volume of 2,755,355. The stock has a market cap of $6.67 billion, a PE ratio of 10.33 and a beta of 0.33. The company has a debt-to-equity ratio of 1.71, a quick ratio of 2.00 and a current ratio of 2.00. The business has a 50-day moving average price of $33.76 and a two-hundred day moving average price of $30.38. GDS Holdings has a 12-month low of $15.91 and a 12-month high of $52.50.

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.