GDS Holdings $GDS Stock Holdings Raised by Bayforest Capital Ltd

Bayforest Capital Ltd lifted its holdings in shares of GDS Holdings (NASDAQ:GDS) by 4.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,648 shares of the company’s stock after buying an additional 1,029 shares during the period. Bayforest Capital Ltd’s holdings in GDS were worth $784,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Brooklyn Investment Group grew its holdings in shares of GDS by 2,390.0% during the first quarter. Brooklyn Investment Group now owns 996 shares of the company’s stock valued at $25,000 after purchasing an additional 956 shares during the last quarter. 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 position in shares of GDS during the first quarter valued at approximately $25,000. Summit Securities Group LLC bought a new position in shares of GDS during the first quarter valued at approximately $26,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of GDS during the first quarter valued at approximately $125,000. 33.71% of the stock is owned by institutional investors.

GDS Price Performance

NASDAQ GDS opened at $35.74 on Tuesday. GDS Holdings has a 12 month low of $16.92 and a 12 month high of $52.50. The company has a debt-to-equity ratio of 1.71, a current ratio of 2.00 and a quick ratio of 2.00. The firm has a market capitalization of $6.81 billion, a PE ratio of 10.57 and a beta of 0.36. The company’s 50 day simple moving average is $36.19 and its 200 day simple moving average is $30.71.

Analyst Ratings Changes

Several equities research analysts have commented on GDS shares. Weiss Ratings restated a “hold (c-)” rating on shares of GDS in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upgraded shares of GDS from a “neutral” rating to an “overweight” rating and raised their price target for the company from $34.00 to $46.00 in a research note on Wednesday, July 16th. BMO Capital Markets upgraded shares of GDS to a “market perform” rating in a research note on Wednesday, July 16th. Zacks Research lowered shares of GDS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. Finally, JMP Securities raised their price target on shares of GDS from $40.00 to $50.00 and gave the company a “market outperform” rating in a research note on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $46.93.

GDS Profile

GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services.