Bayforest Capital Ltd Takes $624,000 Position in GDS Holdings $GDS

Key Points

• Bayforest Capital Ltd acquired a new position in GDS Holdings by purchasing 24,619 shares valued at approximately $624,000 during the first quarter of the year.
• Other institutional investors, including Mirae Asset Global Investments and Nuveen LLC, also significantly increased their stakes in GDS, with institutional ownership currently at 33.71%.
• Analyst ratings for GDS are optimistic, with JMP Securities raising their target price to $50.00 and a current consensus rating of "Moderate Buy" among analysts.

Bayforest Capital Ltd bought a new position in shares of GDS Holdings (NASDAQ:GDS - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 24,619 shares of the company's stock, valued at approximately $624,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Woodline Partners LP increased its holdings in GDS by 7.0% during the first quarter. Woodline Partners LP now owns 219,745 shares of the company's stock worth $5,566,000 after buying an additional 14,468 shares during the last quarter. Scientech Research LLC acquired a new position in GDS during the first quarter worth $852,000. NewEdge Advisors LLC acquired a new position in GDS during the first quarter worth $25,000. Electron Capital Partners LLC acquired a new position in GDS during the first quarter worth $1,763,000. Finally, Advisors Asset Management Inc. acquired a new position in GDS during the first quarter worth $25,000. 33.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on GDS shares. JMP Securities boosted their target price 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. Daiwa Capital Markets reaffirmed a "buy" rating on shares of GDS in a research report on Wednesday, May 28th. BMO Capital Markets raised shares of GDS to a "market perform" rating in a research report on Wednesday, July 16th. Wall Street Zen raised shares of GDS from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Finally, Bank of America lifted their price objective on shares of GDS from $47.60 to $50.60 and gave the stock a "buy" rating in a research report on Friday, August 22nd. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $46.93.

GDS Stock Performance

Shares of GDS stock traded down $0.29 during trading on Friday, reaching $38.21. The company's stock had a trading volume of 4,406,279 shares, compared to its average volume of 2,788,907. The business's 50-day moving average price is $34.75 and its 200-day moving average price is $29.97. The firm has a market cap of $7.28 billion, a PE ratio of 11.30 and a beta of 0.34. GDS Holdings has a 52 week low of $15.91 and a 52 week high of $52.50. 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

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.