Barometer Capital Management Inc. Raises Position in GDS Holdings $GDS

Barometer Capital Management Inc. boosted its holdings in GDS Holdings (NASDAQ:GDS) by 77.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 93,600 shares of the company’s stock after purchasing an additional 41,000 shares during the period. Barometer Capital Management Inc.’s holdings in GDS were worth $3,622,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GDS. Advisors Asset Management Inc. purchased a new position in shares of GDS in the first quarter worth about $25,000. NewEdge Advisors LLC purchased a new stake in GDS during the 1st quarter valued at about $25,000. Assetmark Inc. grew its position in GDS by 1,123.2% during the 3rd quarter. Assetmark Inc. now owns 685 shares of the company’s stock worth $27,000 after acquiring an additional 629 shares during the last quarter. Hantz Financial Services Inc. increased its stake in GDS by 165.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,365 shares of the company’s stock worth $53,000 after purchasing an additional 850 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in GDS by 41.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company’s stock worth $55,000 after purchasing an additional 531 shares during the period. 33.71% of the stock is currently owned by hedge funds and other institutional investors.

GDS Stock Down 0.4%

Shares of NASDAQ GDS opened at $43.71 on Thursday. The firm has a fifty day simple moving average of $42.82 and a two-hundred day simple moving average of $37.84. GDS Holdings has a 12 month low of $16.92 and a 12 month high of $48.61. The company has a debt-to-equity ratio of 1.65, a quick ratio of 2.51 and a current ratio of 2.51.

Analysts Set New Price Targets

A number of analysts have recently weighed in on GDS shares. TD Cowen dropped their price objective on GDS from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of GDS in a report on Monday, December 29th. UBS Group set a $55.00 price target on shares of GDS in a research report on Monday, December 1st. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of GDS in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.91.

GDS 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.