Tidal Investments LLC Has $2.65 Million Stock Position in GDS Holdings $GDS

Key Points

• Tidal Investments increased its GDS Holdings position by 264.8% in the second quarter, owning 88,097 shares valued at approximately $2.65 million.
• Other institutional investors also built stakes in GDS, with institutional and hedge-fund ownership reaching 33.71% of the company’s stock.
• Analysts maintain a generally positive outlook, giving GDS a consensus “Moderate Buy” rating and an average price target of $48.12, compared with shares recently opening at $30.44.

Tidal Investments LLC boosted its position in shares of GDS Holdings (NASDAQ:GDS - Free Report) by 264.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 88,097 shares of the company's stock after purchasing an additional 63,945 shares during the quarter. Tidal Investments LLC's holdings in GDS were worth $2,646,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in GDS. BlueCrest Capital Management Ltd acquired a new stake in shares of GDS during the 2nd quarter worth approximately $7,508,000. Engineers Gate Manager LP bought a new stake in shares of GDS during the second quarter worth approximately $1,458,000. Carrhae Capital LLP lifted its holdings in GDS by 51.1% in the second quarter. Carrhae Capital LLP now owns 3,300,419 shares of the company's stock valued at $99,112,000 after buying an additional 1,115,757 shares during the period. Nykredit A S acquired a new position in GDS in the second quarter valued at approximately $63,000. Finally, Irenic Capital Management LP acquired a new position in GDS in the second quarter valued at approximately $8,498,000. 33.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of GDS in a report on Thursday, August 13th. Raymond James Financial reissued a "strong-buy" rating and issued a $51.00 price target on shares of GDS in a research note on Tuesday, September 1st. TD Cowen reduced their price target on GDS from $37.00 to $36.00 and set a "buy" rating on the stock in a research report on Thursday, May 21st. Wall Street Zen upgraded GDS from a "sell" rating to a "hold" rating in a research report on Sunday, September 6th. Finally, Piper Sandler set a $36.00 price objective on GDS in a research note on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $48.12.

GDS Stock Performance

Shares of NASDAQ:GDS opened at $30.44 on Wednesday. The company has a market capitalization of $6.10 billion, a price-to-earnings ratio of 14.16 and a beta of 0.43. The firm's 50 day simple moving average is $32.28 and its 200 day simple moving average is $36.51. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.78 and a quick ratio of 1.78. GDS Holdings has a fifty-two week low of $26.97 and a fifty-two week high of $48.61.

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

GDS Company 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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