GDS Holdings $GDS Shares Purchased by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC boosted its holdings in GDS Holdings (NASDAQ:GDS) by 22.0% during the third quarter, HoldingsChannel.com reports. The fund owned 152,468 shares of the company’s stock after acquiring an additional 27,468 shares during the period. Lighthouse Investment Partners LLC’s holdings in GDS were worth $5,901,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Advisors Asset Management Inc. bought a new position in shares of GDS during the first quarter valued at approximately $25,000. NewEdge Advisors LLC bought a new stake in shares of GDS in the 1st quarter worth approximately $25,000. Assetmark Inc. lifted its holdings in shares of GDS by 1,123.2% in the 3rd quarter. Assetmark Inc. now owns 685 shares of the company’s stock worth $27,000 after purchasing an additional 629 shares during the last quarter. Hantz Financial Services Inc. boosted its position in GDS by 165.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,365 shares of the company’s stock valued at $53,000 after purchasing an additional 850 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in GDS by 41.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company’s stock valued at $55,000 after purchasing an additional 531 shares during the period. 33.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GDS has been the topic of several analyst reports. UBS Group set a $55.00 target price on GDS in a research report on Monday, December 1st. Weiss Ratings reissued a “hold (c)” rating on shares of GDS in a report on Monday, December 29th. TD Cowen dropped their price objective on shares of GDS from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of GDS in a research report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, GDS presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.91.

GDS Price Performance

Shares of GDS stock opened at $43.16 on Tuesday. GDS Holdings has a 52 week low of $16.92 and a 52 week high of $48.61. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 1.65. The stock has a market cap of $8.39 billion, a PE ratio of 10.82 and a beta of 0.39. The company’s 50-day moving average price is $43.19 and its two-hundred day moving average price is $38.05.

About GDS

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.