Fox Run Management L.L.C. Invests $337,000 in GDS Holdings $GDS

Fox Run Management L.L.C. acquired a new position in shares of GDS Holdings (NASDAQ:GDS) in the second quarter, Holdings Channel reports. The institutional investor acquired 11,034 shares of the company’s stock, valued at approximately $337,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of GDS. Huntington National Bank boosted its stake in GDS by 83,700.0% during the second quarter. Huntington National Bank now owns 838 shares of the company’s stock worth $26,000 after buying an additional 837 shares during the period. Carrhae Capital LLP purchased a new stake in shares of GDS in the 2nd quarter valued at approximately $12,745,000. Y Intercept Hong Kong Ltd acquired a new position in shares of GDS in the 2nd quarter worth approximately $2,396,000. State of New Jersey Common Pension Fund D lifted its holdings in shares of GDS by 11.4% in 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 acquiring an additional 3,746 shares during the last quarter. Finally, Bayforest Capital Ltd boosted its position in shares of GDS by 4.2% during the 2nd quarter. Bayforest Capital Ltd now owns 25,648 shares of the company’s stock worth $784,000 after purchasing an additional 1,029 shares during the period. 33.71% of the stock is currently owned by hedge funds and other institutional investors.

GDS Stock Performance

NASDAQ:GDS opened at $32.05 on Thursday. GDS Holdings has a 52 week low of $16.92 and a 52 week high of $52.50. The company has a fifty day simple moving average of $36.24 and a two-hundred day simple moving average of $32.65. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 1.71. The company has a market cap of $6.11 billion, a price-to-earnings ratio of 9.48 and a beta of 0.37.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on GDS shares. Zacks Research lowered GDS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. Bank of America lifted their price objective on GDS from $47.60 to $50.60 and gave the company a “buy” rating in a research note on Friday, August 22nd. Macquarie set a $46.70 price objective on GDS in a report on Thursday, November 6th. JMP Securities increased their target price on GDS from $40.00 to $50.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 21st. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of GDS in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $46.90.

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.