GDS Holdings $GDS Shares Bought by Hidden Lake Asset Management LP

Hidden Lake Asset Management LP lifted its holdings in shares of GDS Holdings (NASDAQ:GDS) by 16.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 205,496 shares of the company’s stock after buying an additional 28,806 shares during the quarter. GDS makes up approximately 1.0% of Hidden Lake Asset Management LP’s investment portfolio, making the stock its 13th largest position. Hidden Lake Asset Management LP owned approximately 0.11% of GDS worth $7,953,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fred Alger Management LLC increased its holdings in GDS by 79.6% in the 3rd quarter. Fred Alger Management LLC now owns 302,453 shares of the company’s stock worth $11,705,000 after acquiring an additional 134,017 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new position in GDS during the third quarter valued at $299,000. Bamco Inc. NY grew its position in shares of GDS by 35.0% in the third quarter. Bamco Inc. NY now owns 4,258,664 shares of the company’s stock valued at $164,810,000 after purchasing an additional 1,104,756 shares during the period. Bank of America Corp DE grew its position in shares of GDS by 129.7% in the third quarter. Bank of America Corp DE now owns 529,536 shares of the company’s stock valued at $20,493,000 after purchasing an additional 298,963 shares during the period. Finally, Schonfeld Strategic Advisors LLC increased its stake in shares of GDS by 145.2% during the third quarter. Schonfeld Strategic Advisors LLC now owns 88,519 shares of the company’s stock worth $3,426,000 after purchasing an additional 52,416 shares in the last quarter. Hedge funds and other institutional investors own 33.71% of the company’s stock.

GDS Price Performance

GDS stock opened at $42.86 on Monday. GDS Holdings has a 1 year low of $16.92 and a 1 year 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 firm has a market capitalization of $8.33 billion, a PE ratio of 10.74 and a beta of 0.39. The business has a 50 day simple moving average of $43.07 and a 200-day simple moving average of $38.00.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. TD Cowen reduced their price target on shares of GDS from $38.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Raymond James Financial reiterated a “strong-buy” rating on shares of GDS in a report on Tuesday, January 13th. UBS Group set a $55.00 target price on GDS in a report on Monday, December 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of GDS in a research note on Monday, December 29th. One investment 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.91.

GDS Company 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.