Glaxis Capital Management LLC Makes New Investment in GDS Holdings $GDS

Glaxis Capital Management LLC acquired a new position in shares of GDS Holdings (NASDAQ:GDS) in the third quarter, HoldingsChannel reports. The fund acquired 60,000 shares of the company’s stock, valued at approximately $2,322,000. GDS makes up about 3.8% of Glaxis Capital Management LLC’s investment portfolio, making the stock its 9th largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in GDS by 30.7% during the first quarter. Royal Bank of Canada now owns 379,289 shares of the company’s stock worth $9,608,000 after acquiring an additional 89,059 shares during the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of GDS in the first quarter worth $25,000. NewEdge Advisors LLC purchased a new position in shares of GDS in the 1st quarter valued at $25,000. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of GDS by 13.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,112 shares of the company’s stock valued at $431,000 after acquiring an additional 1,641 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its position in GDS by 11.4% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 36,694 shares of the company’s stock worth $1,122,000 after purchasing an additional 3,746 shares during the period. Hedge funds and other institutional investors own 33.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. TD Cowen reduced their price objective on GDS from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Weiss Ratings reissued a “hold (c)” rating on shares of GDS in a report on Monday, December 29th. Macquarie Infrastructure set a $46.70 target price on GDS in a research report on Thursday, November 6th. Raymond James Financial reiterated a “strong-buy” rating on shares of GDS in a research note on Tuesday, January 13th. Finally, UBS Group set a $55.00 target price on shares of GDS in a research report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $46.70.

GDS Price Performance

Shares of GDS opened at $46.12 on Friday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 2.51 and a current ratio of 2.51. GDS Holdings has a 12 month low of $16.92 and a 12 month high of $52.50. The stock has a fifty day moving average price of $40.15 and a 200 day moving average price of $36.79.

GDS (NASDAQ:GDS) last released its quarterly earnings results on Wednesday, November 19th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.51. The business had revenue of $405.28 million during the quarter, compared to analyst estimates of $402.81 million. GDS had a net margin of 49.60% and a return on equity of 5.17%. The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.14) earnings per share. As a group, sell-side analysts anticipate that GDS Holdings will post -0.89 EPS for the current fiscal year.

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.