Saba Capital Management L.P. Has $2.82 Million Stake in GDS Holdings $GDS

Saba Capital Management L.P. reduced its stake in GDS Holdings (NASDAQ:GDS) by 56.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,000 shares of the company’s stock after selling 90,000 shares during the period. Saba Capital Management L.P.’s holdings in GDS were worth $2,820,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in GDS. Canada Pension Plan Investment Board increased its stake in GDS by 77.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 7,004,083 shares of the company’s stock worth $214,115,000 after acquiring an additional 3,062,658 shares during the period. Sachem Head Capital Management LP lifted its position in shares of GDS by 45.0% during the 4th quarter. Sachem Head Capital Management LP now owns 9,300,000 shares of the company’s stock valued at $324,570,000 after acquiring an additional 2,885,000 shares during the period. WCM Investment Management LLC bought a new stake in shares of GDS during the 1st quarter valued at $68,092,000. Barclays PLC grew its holdings in shares of GDS by 20,731.3% during the 4th quarter. Barclays PLC now owns 1,720,247 shares of the company’s stock worth $60,037,000 after purchasing an additional 1,711,989 shares in the last quarter. Finally, Marshall Wace LLP increased its position in shares of GDS by 1,671.6% in the third quarter. Marshall Wace LLP now owns 1,227,203 shares of the company’s stock worth $47,493,000 after purchasing an additional 1,157,934 shares during the period. Institutional investors and hedge funds own 33.71% of the company’s stock.

GDS Stock Down 0.8%

Shares of NASDAQ:GDS opened at $31.37 on Tuesday. The company has a fifty day moving average of $33.02 and a 200-day moving average of $39.50. The company has a market capitalization of $6.29 billion, a PE ratio of 19.98 and a beta of 0.41. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.87 and a current ratio of 1.87. GDS Holdings has a 52-week low of $26.97 and a 52-week high of $48.61.

GDS (NASDAQ:GDS) last released its quarterly earnings data on Friday, May 15th. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $1.56. GDS had a return on equity of 15.62% and a net margin of 23.83%.The company had revenue of $426.12 million for the quarter, compared to the consensus estimate of $436.44 million. During the same quarter last year, the business posted $3.47 EPS. GDS’s revenue for the quarter was up 23.7% on a year-over-year basis. On average, equities analysts predict that GDS Holdings will post 5.65 EPS for the current fiscal year.

Insider Transactions at GDS

In other news, VP Yixin Qian sold 10,000 shares of GDS stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $35.25, for a total transaction of $352,500.00. Following the sale, the vice president directly owned 66,865 shares of the company’s stock, valued at approximately $2,356,991.25. This trade represents a 13.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Judy Qing Ye sold 37,394 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $36.21, for a total value of $1,354,036.74. The disclosure for this sale is available in the SEC filing. 7.99% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on GDS shares. Wall Street Zen raised GDS from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Piper Sandler set a $36.00 target price on shares of GDS in a report on Thursday, May 21st. TD Cowen dropped their target price on shares of GDS from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Zacks Research raised shares of GDS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 16th. Finally, Weiss Ratings raised shares of GDS from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 18th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $48.33.

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.