GDS Holdings $GDS is Carrhae Capital LLP's 9th Largest Position

Key Points

• Carrhae Capital increased its GDS Holdings stake by 51.1% in the second quarter, adding 1.12 million shares. GDS now represents 2.7% of Carrhae’s portfolio and is its ninth-largest position, valued at approximately $99.1 million.
• GDS shares recently traded at $32.00, up 2.0%, with a market capitalization of $6.41 billion. The company reported quarterly revenue of $454.5 million and earnings of $0.52 per share.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $48.12, although ratings include both upgrades and downgrades. Institutional investors own 33.71% of GDS, while an insider recently sold 10,000 shares.

Carrhae Capital LLP lifted its position in shares of GDS Holdings (NASDAQ:GDS - Free Report) by 51.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,300,419 shares of the company's stock after buying an additional 1,115,757 shares during the quarter. GDS makes up 2.7% of Carrhae Capital LLP's investment portfolio, making the stock its 9th largest position. Carrhae Capital LLP owned about 1.65% of GDS worth $99,112,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its stake in shares of GDS by 3.5% during the 4th quarter. Parallel Advisors LLC now owns 6,901 shares of the company's stock valued at $241,000 after acquiring an additional 236 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of GDS by 8.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,904 shares of the company's stock valued at $157,000 after acquiring an additional 303 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of GDS by 3.0% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 15,955 shares of the company's stock worth $557,000 after buying an additional 468 shares during the period. EverSource Wealth Advisors LLC grew its position in GDS by 41.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company's stock valued at $55,000 after acquiring an additional 531 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its stake in shares of GDS by 11.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,824 shares of the company's stock valued at $203,000 after acquiring an additional 577 shares in the last quarter. 33.71% of the stock is currently owned by institutional investors and hedge funds.

GDS Stock Up 2.0%

Shares of GDS traded up $0.64 during trading hours on Tuesday, reaching $32.00. The company's stock had a trading volume of 1,420,997 shares, compared to its average volume of 2,138,737. GDS Holdings has a 1-year low of $26.97 and a 1-year 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 firm has a market cap of $6.41 billion, a price-to-earnings ratio of 14.88 and a beta of 0.43. The company has a 50 day moving average of $32.24 and a two-hundred day moving average of $37.00.

GDS (NASDAQ:GDS - Get Free Report) last posted its quarterly earnings results on Tuesday, June 30th. The company reported $0.52 EPS for the quarter. GDS had a net margin of 30.70% and a return on equity of 17.94%. The business had revenue of $454.51 million for the quarter. As a group, research analysts predict that GDS Holdings will post 2.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GDS. Wall Street Zen upgraded shares of GDS from a "sell" rating to a "hold" rating in a research note on Sunday. Zacks Research cut shares of GDS from a "strong-buy" rating to a "hold" rating in a report on Friday, July 24th. Raymond James Financial reaffirmed a "strong-buy" rating and set a $51.00 target price on shares of GDS in a research note on Tuesday, September 1st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of GDS in a research note on Thursday, August 13th. Finally, Piper Sandler set a $36.00 target price on GDS in a report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $48.12.

Insider Buying and Selling at GDS

In related news, VP Yixin Qian sold 10,000 shares of GDS stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $35.25, for a total value of $352,500.00. Following the completion of the sale, the vice president owned 66,865 shares of the company's stock, valued at approximately $2,356,991.25. The trade was a 13.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 7.99% of the company's stock.

About GDS

GDS Holdings Limited, founded in 2001 and headquartered in Shanghai, is a leading network-neutral data center services provider in China. The company operates a portfolio of state-of-the-art data center facilities designed to support the mission-critical IT infrastructure of cloud service providers, internet enterprises, financial institutions, and government entities. GDS was among the first Chinese providers to offer high-density colocation solutions, catering to customers with demanding computing and storage requirements.

GDS specializes in delivering scalable colocation, cross-connect, and interconnection services within its facilities, enabling clients to establish high-speed, low-latency connections to major cloud platforms and internet exchange points.

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