Y Intercept Hong Kong Ltd Makes New Investment in GDS Holdings $GDS

Y Intercept Hong Kong Ltd bought a new stake in shares of GDS Holdings (NASDAQ:GDS) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 78,373 shares of the company’s stock, valued at approximately $2,396,000.

Other large investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group grew its position in 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 buying an additional 956 shares during the period. Advisors Asset Management Inc. bought a new stake in GDS during the first quarter valued at approximately $25,000. NewEdge Advisors LLC bought a new stake in GDS during the first quarter valued at approximately $25,000. Summit Securities Group LLC bought a new stake in GDS during the first quarter valued at approximately $26,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in GDS during the first quarter valued at approximately $125,000. 33.71% of the stock is currently owned by institutional investors.

GDS Stock Down 5.7%

Shares of GDS opened at $35.53 on Friday. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 1.71. The business’s 50 day moving average is $36.28 and its 200 day moving average is $31.83. GDS Holdings has a 12-month low of $16.92 and a 12-month high of $52.50. The company has a market capitalization of $6.77 billion, a PE ratio of 10.51 and a beta of 0.36.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GDS. JPMorgan Chase & Co. raised GDS from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $34.00 to $46.00 in a research report on Wednesday, July 16th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of GDS in a research report on Wednesday, October 8th. Zacks Research cut GDS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. BMO Capital Markets raised GDS to a “market perform” rating in a research report on Wednesday, July 16th. Finally, JMP Securities lifted their price objective on GDS from $40.00 to $50.00 and gave the company a “market outperform” rating in a research report on Thursday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, GDS presently has a consensus rating of “Moderate Buy” and an average target price of $46.93.

About GDS

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.