Engineers Gate Manager LP Makes New $1.46 Million Investment in GDS Holdings $GDS

Key Points

• Engineers Gate Manager LP purchased 48,564 GDS Holdings shares worth approximately $1.46 million, while institutional investors and hedge funds collectively own 33.71% of the company.
• Analyst sentiment remains generally positive, with an overall “Moderate Buy” rating and an average price target of $48.12, despite some downgrades to “Hold.”
• GDS shares opened at $31.30, with the company reporting quarterly earnings of $0.52 per share on $454.51 million in revenue; analysts expect full-year EPS of $2.23.

Engineers Gate Manager LP purchased a new position in shares of GDS Holdings (NASDAQ:GDS - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 48,564 shares of the company's stock, valued at approximately $1,458,000.

Several other hedge funds have also recently modified their holdings of GDS. Leonteq Securities AG purchased a new position in shares of GDS in the fourth quarter worth $34,000. Summit Securities Group LLC purchased a new stake in shares of GDS during the first quarter valued at $65,000. Nykredit A S purchased a new stake in shares of GDS during the second quarter valued at $63,000. EverSource Wealth Advisors LLC increased its position in shares of GDS by 73.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,160 shares of the company's stock valued at $87,000 after acquiring an additional 915 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of GDS in the 1st quarter valued at $132,000. Institutional investors and hedge funds own 33.71% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Raymond James Financial reiterated a "strong-buy" rating and set a $51.00 price target on shares of GDS in a research note on Tuesday, September 1st. Weiss Ratings restated a "hold (c)" rating on shares of GDS in a research note on Thursday, August 13th. TD Cowen decreased their target price on GDS from $37.00 to $36.00 and set a "buy" rating for the company in a report on Thursday, May 21st. Zacks Research lowered GDS from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 24th. Finally, Piper Sandler set a $36.00 target price on GDS in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $48.12.

GDS Stock Up 3.1%

Shares of GDS opened at $31.30 on Friday. GDS Holdings has a 52 week low of $26.97 and a 52 week high of $48.61. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $6.27 billion, a price-to-earnings ratio of 14.56 and a beta of 0.43. The stock's 50-day moving average price is $32.21 and its 200-day moving average price is $36.36.

GDS (NASDAQ:GDS - Get Free Report) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $0.52 earnings per share for the quarter. The company had revenue of $454.51 million during the quarter. GDS had a return on equity of 17.94% and a net margin of 30.70%. On average, sell-side analysts predict that GDS Holdings will post 2.23 EPS for the current year.

GDS Profile

GDS Holdings Limited is a developer and operator of data centers serving cloud service providers, internet companies, financial institutions and other enterprises. The company provides data center infrastructure designed to support critical information technology systems, including space, power, cooling, connectivity and security.

Its services include colocation, managed infrastructure and related data center solutions. GDS also offers connectivity to telecommunications carriers, cloud platforms and internet exchanges, helping customers deploy and operate technology systems in secure, highly available facilities.

Founded in 2001, GDS has built a network of data centers primarily in China, with additional operations and expansion efforts in selected international markets, including Southeast Asia and Hong Kong.

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