Barometer Capital Management Inc. Sells 87,100 Shares of GDS Holdings $GDS

Barometer Capital Management Inc. decreased its stake in shares of GDS Holdings (NASDAQ:GDS) by 93.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,500 shares of the company’s stock after selling 87,100 shares during the period. Barometer Capital Management Inc.’s holdings in GDS were worth $227,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AI Squared Management Ltd lifted its holdings in GDS by 793.5% during the 3rd quarter. AI Squared Management Ltd now owns 98,280 shares of the company’s stock valued at $3,803,000 after buying an additional 87,280 shares in the last quarter. Hidden Lake Asset Management LP lifted its holdings in GDS by 16.3% during the 3rd quarter. Hidden Lake Asset Management LP now owns 205,496 shares of the company’s stock valued at $7,953,000 after buying an additional 28,806 shares in the last quarter. Aberdeen Group plc lifted its holdings in GDS by 27.5% during the 4th quarter. Aberdeen Group plc now owns 576,498 shares of the company’s stock valued at $20,120,000 after buying an additional 124,473 shares in the last quarter. Pictet Asset Management Holding SA bought a new stake in GDS during the 4th quarter valued at about $4,983,000. Finally, ABC Arbitrage SA bought a new stake in GDS during the 3rd quarter valued at about $514,000. Institutional investors own 33.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on GDS shares. Wall Street Zen upgraded shares of GDS from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Piper Sandler set a $36.00 target price on shares of GDS in a research report on Thursday, May 21st. Weiss Ratings raised shares of GDS from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Morgan Stanley reissued an “overweight” rating and set a $64.00 target price on shares of GDS in a research report on Tuesday, March 17th. Finally, TD Cowen cut their target price on shares of GDS from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, GDS has an average rating of “Moderate Buy” and an average price target of $48.04.

Insider Buying and Selling

In other news, Director Judy Qing Ye sold 37,394 shares of GDS stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $36.21, for a total value of $1,354,036.74. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Yixin Qian sold 10,000 shares of GDS stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $35.25, for a total transaction of $352,500.00. Following the completion of the transaction, the vice president directly owned 66,865 shares in the company, valued at approximately $2,356,991.25. The trade was a 13.01% decrease in their position. The SEC filing for this sale provides additional information. 7.99% of the stock is owned by insiders.

GDS Trading Up 0.8%

NASDAQ GDS opened at $33.76 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.87 and a current ratio of 1.87. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of 21.50 and a beta of 0.39. The company’s 50-day simple moving average is $40.12 and its two-hundred day simple moving average is $40.28. GDS Holdings has a one year low of $25.47 and a one year high of $48.61.

GDS (NASDAQ:GDS) last posted its earnings results on Friday, May 15th. The company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $1.56. GDS had a net margin of 23.83% and a return on equity of 15.62%. The business had revenue of $426.13 million for the quarter, compared to the consensus estimate of $436.44 million. During the same quarter last year, the firm posted $3.47 EPS. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. Equities analysts forecast that GDS Holdings will post 5.65 EPS for the current fiscal year.

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.