GSA Capital Partners LLP Makes New $1.58 Million Investment in GDS Holdings $GDS

GSA Capital Partners LLP purchased a new position in GDS Holdings (NASDAQ:GDS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 40,822 shares of the company’s stock, valued at approximately $1,580,000.

A number of other large investors have also modified their holdings of GDS. NewEdge Advisors LLC acquired a new stake in shares of GDS in the first quarter valued at $25,000. Advisors Asset Management Inc. acquired a new stake in GDS in the 1st quarter valued at about $25,000. Huntington National Bank raised its position in GDS by 83,700.0% in the 2nd quarter. Huntington National Bank now owns 838 shares of the company’s stock valued at $26,000 after purchasing an additional 837 shares in the last quarter. Assetmark Inc. boosted its stake in shares of GDS by 1,123.2% in the 3rd quarter. Assetmark Inc. now owns 685 shares of the company’s stock valued at $27,000 after buying an additional 629 shares during the period. Finally, Hantz Financial Services Inc. grew its position in shares of GDS by 165.0% during the third quarter. Hantz Financial Services Inc. now owns 1,365 shares of the company’s stock worth $53,000 after buying an additional 850 shares in the last quarter. Hedge funds and other institutional investors own 33.71% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on GDS. UBS Group set a $55.00 target price on shares of GDS in a report on Monday, December 1st. Macquarie Infrastructure set a $46.70 price objective on shares of GDS in a report on Thursday, November 6th. Raymond James Financial reiterated a “strong-buy” rating on shares of GDS in a research note on Tuesday, January 13th. TD Cowen dropped their target price on GDS from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of GDS in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $46.70.

GDS Stock Down 1.9%

NASDAQ GDS opened at $45.23 on Wednesday. The firm’s fifty day moving average price is $40.55 and its 200 day moving average price is $36.95. GDS Holdings has a 12 month low of $16.92 and a 12 month high of $52.50. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 1.65.

GDS (NASDAQ:GDS) last announced its quarterly earnings results on Wednesday, November 19th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.51. GDS had a net margin of 49.60% and a return on equity of 5.17%. The firm had revenue of $405.28 million during the quarter, compared to analysts’ expectations of $402.81 million. During the same period in the previous year, the company earned ($0.14) earnings per share. GDS’s quarterly revenue was up 10.2% compared to the same quarter last year. Sell-side analysts anticipate that GDS Holdings will post -0.89 earnings per share for the current year.

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.