Bayforest Capital Ltd Lowers Stock Holdings in GDS Holdings $GDS

Bayforest Capital Ltd cut its stake in shares of GDS Holdings (NASDAQ:GDS) by 73.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,730 shares of the company’s stock after selling 18,918 shares during the period. Bayforest Capital Ltd’s holdings in GDS were worth $260,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in GDS. Farther Finance Advisors LLC increased its holdings in shares of GDS by 2.4% in the third quarter. Farther Finance Advisors LLC now owns 15,111 shares of the company’s stock valued at $585,000 after purchasing an additional 352 shares during the period. EverSource Wealth Advisors LLC grew its position in GDS by 41.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company’s stock valued at $55,000 after buying an additional 531 shares during the last quarter. Advisors Asset Management Inc. increased its stake in GDS by 68.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,639 shares of the company’s stock valued at $50,000 after buying an additional 666 shares during the period. Huntington National Bank raised its position in GDS by 83,700.0% during the 2nd quarter. Huntington National Bank now owns 838 shares of the company’s stock worth $26,000 after buying an additional 837 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in GDS by 113.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the company’s stock worth $56,000 after buying an additional 974 shares during the last quarter. 33.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GDS has been the topic of several analyst reports. TD Cowen lowered their target price on shares of GDS from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. UBS Group set a $55.00 price objective on shares of GDS in a research report on Monday, December 1st. Raymond James Financial reiterated a “strong-buy” rating on shares of GDS in a research report on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of GDS in a research note on Monday, December 29th. Finally, Macquarie set a $46.70 price target on GDS in a research note on Thursday, November 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $46.70.

GDS Trading Down 3.8%

Shares of GDS stock opened at $42.34 on Wednesday. The company has a 50-day moving average of $34.82 and a two-hundred day moving average of $35.25. GDS Holdings has a 12-month low of $16.92 and a 12-month high of $52.50. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 1.65. The stock has a market cap of $8.38 billion, a PE ratio of 10.61 and a beta of 0.34.

GDS (NASDAQ:GDS) last announced its quarterly earnings results on Wednesday, November 19th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.51. GDS had a return on equity of 5.17% and a net margin of 49.60%.The business had revenue of $405.28 million for the quarter, compared to analyst estimates of $402.81 million. During the same quarter in the previous year, the company earned ($0.14) EPS. The company’s quarterly revenue was up 10.2% on a year-over-year basis. On average, research analysts anticipate that GDS Holdings will post -0.89 EPS for the current fiscal year.

GDS Company Profile

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.