Tidal Investments LLC Purchases Shares of 41,277 GDS Holdings Limited (NASDAQ:GDS)

Tidal Investments LLC acquired a new position in shares of GDS Holdings Limited (NASDAQ:GDS) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 41,277 shares of the company’s stock, valued at approximately $842,000.

A number of other large investors have also recently made changes to their positions in the stock. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in GDS during the 3rd quarter worth about $27,212,000. Farallon Capital Management LLC lifted its holdings in shares of GDS by 72.7% during the second quarter. Farallon Capital Management LLC now owns 1,226,133 shares of the company’s stock worth $11,391,000 after purchasing an additional 516,133 shares during the period. Baupost Group LLC MA lifted its holdings in shares of GDS by 63.5% during the second quarter. Baupost Group LLC MA now owns 4,249,952 shares of the company’s stock worth $39,482,000 after purchasing an additional 1,649,952 shares during the period. GSA Capital Partners LLP purchased a new stake in GDS in the third quarter valued at approximately $544,000. Finally, Luxor Capital Group LP acquired a new position in GDS in the 3rd quarter worth approximately $9,993,000. 33.71% of the stock is owned by hedge funds and other institutional investors.

GDS Stock Performance

GDS opened at $19.80 on Friday. The firm has a fifty day moving average price of $20.94 and a 200 day moving average price of $16.28. GDS Holdings Limited has a 1 year low of $5.01 and a 1 year high of $24.74. The stock has a market cap of $3.77 billion, a P/E ratio of -6.49 and a beta of 0.18. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19.

Wall Street Analysts Forecast Growth

Several analysts have commented on GDS shares. Bank of America lifted their price objective 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. Nomura Securities raised shares of GDS to a “strong-buy” rating in a report on Monday, August 26th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $26.00 price objective on shares of GDS in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, GDS has an average rating of “Moderate Buy” and an average target price of $18.47.

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.