172,400 Shares in GDS Holdings Limited (NASDAQ:GDS) Bought by OPTIMAS CAPITAL Ltd

OPTIMAS CAPITAL Ltd purchased a new position in GDS Holdings Limited (NASDAQ:GDS) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 172,400 shares of the company’s stock, valued at approximately $4,096,000. GDS accounts for 5.5% of OPTIMAS CAPITAL Ltd’s investment portfolio, making the stock its 7th largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its stake in GDS by 26.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company’s stock worth $75,000 after purchasing an additional 672 shares during the period. BNP Paribas Financial Markets grew its stake in shares of GDS by 1.4% in the third quarter. BNP Paribas Financial Markets now owns 182,388 shares of the company’s stock worth $3,721,000 after acquiring an additional 2,543 shares during the last quarter. Blue Trust Inc. grew its stake in shares of GDS by 121.9% in the fourth quarter. Blue Trust Inc. now owns 5,557 shares of the company’s stock worth $132,000 after acquiring an additional 3,053 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of GDS in the third quarter worth $64,000. Finally, Macroview Investment Management LLC grew its stake in shares of GDS by 37.4% in the fourth quarter. Macroview Investment Management LLC now owns 18,550 shares of the company’s stock worth $441,000 after acquiring an additional 5,050 shares during the last quarter. 33.71% of the stock is owned by hedge funds and other institutional investors.

GDS Stock Up 0.5 %

NASDAQ GDS opened at $35.45 on Tuesday. The stock’s 50-day moving average price is $31.11 and its 200-day moving average price is $24.24. 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 52 week low of $5.85 and a 52 week high of $52.50. The company has a market capitalization of $6.76 billion, a P/E ratio of -11.62 and a beta of 0.07.

Analyst Ratings Changes

A number of equities research analysts have recently commented on GDS shares. Daiwa Capital Markets raised GDS from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 11th. Royal Bank of Canada downgraded GDS from an “outperform” rating to a “sector perform” rating and upped their price target for the company from $26.00 to $37.00 in a report on Tuesday, February 25th. StockNews.com downgraded GDS from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Raymond James upped their price target on GDS from $25.00 to $53.00 and gave the company an “outperform” rating in a report on Friday, February 21st. Finally, Citizens Jmp raised GDS to a “strong-buy” rating in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, GDS currently has an average rating of “Moderate Buy” and a consensus target price of $33.23.

GDS 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.