Harbor Advisors LLC Takes $580,000 Position in GDS Holdings $GDS

Harbor Advisors LLC acquired a new stake in shares of GDS Holdings (NASDAQ:GDS) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 15,000 shares of the company’s stock, valued at approximately $580,000.

Several other large investors have also recently made changes to their positions in the business. Assetmark Inc. increased its stake in GDS by 1,123.2% in the 3rd quarter. Assetmark Inc. now owns 685 shares of the company’s stock worth $27,000 after purchasing an additional 629 shares during the period. Huntington National Bank raised its stake in GDS by 83,700.0% in the second quarter. Huntington National Bank now owns 838 shares of the company’s stock worth $26,000 after buying an additional 837 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in shares of GDS during the 1st quarter worth approximately $25,000. NewEdge Advisors LLC purchased a new stake in GDS in the first quarter worth about $25,000. Finally, Hantz Financial Services Inc. increased its stake in shares of GDS by 165.0% during the third quarter. Hantz Financial Services Inc. now owns 1,365 shares of the company’s stock valued at $53,000 after purchasing an additional 850 shares in the last quarter. 33.71% of the stock is owned by hedge funds and other institutional investors.

GDS Price Performance

GDS stock opened at $41.79 on Friday. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.51 and a quick ratio of 2.51. The firm has a 50-day moving average of $41.84 and a two-hundred day moving average of $37.35. GDS Holdings has a 1 year low of $16.92 and a 1 year high of $48.61.

Analysts Set New Price Targets

Several brokerages recently weighed in on GDS. TD Cowen reduced their price target on shares of GDS from $38.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Macquarie Infrastructure set a $46.70 target price on shares of GDS in a report on Thursday, November 6th. UBS Group set a $55.00 price objective on GDS in a research note on Monday, December 1st. Raymond James Financial reiterated a “strong-buy” rating on shares of GDS in a research report on Tuesday, January 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of GDS in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, GDS has an average rating of “Moderate Buy” and an average target price of $47.91.

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.