Triata Capital Ltd Invests $41.47 Million in GDS Holdings Limited (NASDAQ:GDS)

Triata Capital Ltd purchased a new stake in GDS Holdings Limited (NASDAQ:GDS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,745,440 shares of the company's stock, valued at approximately $41,472,000. GDS comprises about 17.2% of Triata Capital Ltd's portfolio, making the stock its 3rd largest holding. Triata Capital Ltd owned 0.92% of GDS at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Saba Capital Management L.P. lifted its stake in shares of GDS by 33.5% in the 4th quarter. Saba Capital Management L.P. now owns 159,328 shares of the company's stock valued at $3,786,000 after purchasing an additional 40,000 shares during the last quarter. Selkirk Management LLC boosted its stake in GDS by 82.7% during the fourth quarter. Selkirk Management LLC now owns 287,000 shares of the company's stock worth $6,819,000 after buying an additional 129,900 shares during the period. Point72 Hong Kong Ltd increased its position in GDS by 186.6% during the fourth quarter. Point72 Hong Kong Ltd now owns 287,193 shares of the company's stock valued at $6,824,000 after acquiring an additional 187,002 shares during the last quarter. MY.Alpha Management HK Advisors Ltd purchased a new stake in shares of GDS in the fourth quarter valued at $6,779,000. Finally, Nuveen Asset Management LLC raised its stake in shares of GDS by 8.0% in the fourth quarter. Nuveen Asset Management LLC now owns 281,000 shares of the company's stock valued at $6,677,000 after acquiring an additional 20,800 shares during the period. Hedge funds and other institutional investors own 33.71% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on GDS shares. Jefferies Financial Group raised shares of GDS from a "hold" rating to a "buy" rating and set a $45.00 price target for the company in a research note on Tuesday, March 18th. Royal Bank of Canada downgraded shares of GDS from an "outperform" rating to a "sector perform" rating and raised their price objective for the stock from $26.00 to $37.00 in a research note on Tuesday, February 25th. Raymond James raised GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 target price on the stock in a research note on Thursday, March 20th. JMP Securities set a $40.00 price target on GDS in a report on Thursday, March 20th. Finally, Citigroup restated an "outperform" rating on shares of GDS in a report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $39.48.

GDS Trading Up 1.8%

Shares of NASDAQ:GDS traded up $0.50 during trading on Tuesday, reaching $27.58. 3,410,756 shares of the company were exchanged, compared to its average volume of 2,096,733. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market capitalization of $5.26 billion, a PE ratio of -9.04 and a beta of 0.28. The business's fifty day simple moving average is $25.11 and its 200-day simple moving average is $25.75. GDS Holdings Limited has a 12-month low of $7.35 and a 12-month high of $52.50.

GDS (NASDAQ:GDS - Get Free Report) last posted its quarterly earnings results on Wednesday, March 19th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.27) by $0.17. GDS had a negative return on equity of 8.22% and a negative net margin of 35.97%. The business had revenue of $425.13 million for the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter in the prior year, the company earned ($2.16) EPS. The business's revenue was up 9.1% compared to the same quarter last year. On average, research analysts anticipate that GDS Holdings Limited will post -0.89 EPS for the current year.

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.