20,386 Shares in GDS Holdings Limited (NASDAQ:GDS) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new stake in GDS Holdings Limited (NASDAQ:GDS) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 20,386 shares of the company’s stock, valued at approximately $416,000.

Several other hedge funds and other institutional investors also recently modified their holdings of GDS. Signaturefd LLC lifted its position in GDS by 17.3% in the 3rd quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock valued at $168,000 after purchasing an additional 1,215 shares during the last quarter. Blue Trust Inc. increased its stake in shares of GDS by 1,558.3% in the third quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock valued at $51,000 after purchasing an additional 2,353 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of GDS by 1.4% during the third quarter. BNP Paribas Financial Markets now owns 182,388 shares of the company’s stock valued at $3,721,000 after buying an additional 2,543 shares during the last quarter. Centiva Capital LP boosted its position in shares of GDS by 49.5% during the third quarter. Centiva Capital LP now owns 23,479 shares of the company’s stock worth $479,000 after buying an additional 7,772 shares during the period. Finally, Brookfield Corp ON bought a new position in GDS in the 3rd quarter worth approximately $171,000. Institutional investors and hedge funds own 33.71% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on GDS. Nomura Securities upgraded GDS to a “strong-buy” rating in a research report on Monday, August 26th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $26.00 price objective on shares of GDS in a report on Thursday, December 5th. Finally, Bank of America raised their target price on shares of GDS from $12.40 to $22.40 and gave the company a “buy” rating in a research note on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, GDS presently has an average rating of “Moderate Buy” and an average target price of $18.47.

GDS Stock Down 3.9 %

Shares of GDS stock opened at $20.08 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25. GDS Holdings Limited has a 12-month low of $5.01 and a 12-month high of $24.74. The firm has a market capitalization of $3.83 billion, a PE ratio of -6.58 and a beta of 0.18. The stock’s fifty day moving average is $21.05 and its 200-day moving average is $16.07.

GDS Company Profile

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.