Bamco Inc. NY Purchases 1,104,756 Shares of GDS Holdings $GDS

Bamco Inc. NY lifted its holdings in shares of GDS Holdings (NASDAQ:GDS) by 35.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,258,664 shares of the company’s stock after buying an additional 1,104,756 shares during the period. Bamco Inc. NY owned about 2.23% of GDS worth $164,810,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Advisors Asset Management Inc. acquired a new stake in GDS in the 1st quarter worth about $25,000. NewEdge Advisors LLC bought a new position in shares of GDS during the first quarter worth approximately $25,000. Assetmark Inc. raised its position in shares of GDS by 1,123.2% in the third quarter. Assetmark Inc. now owns 685 shares of the company’s stock valued at $27,000 after buying an additional 629 shares in the last quarter. Hantz Financial Services Inc. raised its position in shares of GDS by 165.0% in the third quarter. Hantz Financial Services Inc. now owns 1,365 shares of the company’s stock valued at $53,000 after buying an additional 850 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of GDS by 41.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company’s stock valued at $55,000 after buying an additional 531 shares during the period. 33.71% of the stock is owned by institutional investors.

GDS Stock Performance

NASDAQ:GDS opened at $42.86 on Friday. GDS Holdings has a fifty-two week low of $16.92 and a fifty-two week high of $48.61. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.51 and a quick ratio of 2.51. The company has a 50 day simple moving average of $43.07 and a two-hundred day simple moving average of $37.97.

Analyst Ratings Changes

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