Anson Funds Management LP purchased a new position in shares of GDS Holdings (NASDAQ:GDS - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 50,800 shares of the company's stock, valued at approximately $1,287,000.
A number of other institutional investors and hedge funds have also modified their holdings of GDS. Bamco Inc. NY boosted its holdings in GDS by 10.5% during the fourth quarter. Bamco Inc. NY now owns 6,673,226 shares of the company's stock valued at $158,556,000 after acquiring an additional 632,671 shares during the period. Aspex Management HK Ltd increased its holdings in shares of GDS by 23.0% during the 4th quarter. Aspex Management HK Ltd now owns 4,926,727 shares of the company's stock worth $117,059,000 after purchasing an additional 922,709 shares during the period. Driehaus Capital Management LLC lifted its stake in shares of GDS by 195.6% in the fourth quarter. Driehaus Capital Management LLC now owns 1,845,623 shares of the company's stock valued at $43,852,000 after buying an additional 1,221,289 shares during the period. Triata Capital Ltd acquired a new stake in GDS during the fourth quarter worth about $41,472,000. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of GDS by 0.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,177,503 shares of the company's stock worth $29,826,000 after purchasing an additional 10,838 shares in the last quarter. 33.71% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
GDS has been the topic of a number of analyst reports. JMP Securities upped their target price on shares of GDS from $40.00 to $50.00 and gave the company a "market outperform" rating in a research note on Thursday. Wall Street Zen raised shares of GDS from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. BMO Capital Markets raised GDS to a "market perform" rating in a research note on Wednesday, July 16th. Bank of America upped their target price on shares of GDS from $47.60 to $50.60 and gave the stock a "buy" rating in a research report on Friday. Finally, Daiwa Capital Markets reissued a "buy" rating on shares of GDS in a research note on Wednesday, May 28th. Three research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $46.93.
View Our Latest Stock Analysis on GDS
GDS Trading Up 4.7%
NASDAQ GDS opened at $33.51 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 2.00 and a quick ratio of 1.47. GDS Holdings has a one year low of $15.88 and a one year high of $52.50. The stock's 50-day moving average is $33.24 and its 200-day moving average is $30.22. The firm has a market cap of $6.39 billion, a P/E ratio of 9.91 and a beta of 0.33.
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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