BlueCrest Capital Management Ltd Acquires New Position in GDS Holdings $GDS

BlueCrest Capital Management Ltd acquired a new stake in shares of GDS Holdings (NASDAQ:GDS) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 250,000 shares of the company’s stock, valued at approximately $7,508,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in shares of GDS by 30.7% in the first quarter. Royal Bank of Canada now owns 379,289 shares of the company’s stock worth $9,608,000 after purchasing an additional 89,059 shares in the last quarter. Advisors Asset Management Inc. bought a new position in GDS in the 1st quarter worth approximately $25,000. NewEdge Advisors LLC bought a new position in GDS in the 1st quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. grew its stake in GDS by 113.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the company’s stock valued at $56,000 after buying an additional 974 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in GDS by 41.6% in the 2nd 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 in the last quarter. Institutional investors own 33.71% of the company’s stock.

Wall Street Analysts Forecast Growth

GDS has been the topic of several recent research reports. Zacks Research downgraded GDS from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. Piper Sandler set a $36.00 price objective on GDS in a research note on Thursday, May 21st. Wall Street Zen upgraded GDS from a “sell” rating to a “hold” rating in a research note on Sunday. Weiss Ratings reissued a “hold (c)” rating on shares of GDS in a report on Thursday, August 13th. Finally, Raymond James Financial restated a “strong-buy” rating and issued a $51.00 target price on shares of GDS in a research note on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $48.12.

GDS Stock Up 1.2%

Shares of NASDAQ:GDS opened at $32.39 on Thursday. The firm has a fifty day moving average price of $32.25 and a two-hundred day moving average price of $36.91. The company has a market cap of $6.49 billion, a price-to-earnings ratio of 15.07 and a beta of 0.43. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.78 and a quick ratio of 1.78. GDS Holdings has a one year low of $26.97 and a one year high of $48.61.

GDS (NASDAQ:GDS) last issued its quarterly earnings data on Tuesday, June 30th. The company reported $0.52 earnings per share (EPS) for the quarter. The company had revenue of $454.51 million for the quarter. GDS had a return on equity of 17.94% and a net margin of 30.70%. Analysts anticipate that GDS Holdings will post 2.23 EPS for the current fiscal year.

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.