445,050 Shares in GDS Holdings $GDS Purchased by Broad Peak Investment Advisers Pte Ltd

Broad Peak Investment Advisers Pte Ltd acquired a new position in shares of GDS Holdings (NASDAQ:GDS) in the 1st quarter, HoldingsChannel reports. The firm acquired 445,050 shares of the company’s stock, valued at approximately $17,931,000. GDS makes up approximately 3.6% of Broad Peak Investment Advisers Pte Ltd’s holdings, making the stock its 9th largest position.

A number of other hedge funds have also made changes to their positions in GDS. Advisors Asset Management Inc. purchased a new position in shares of GDS in the first quarter valued at approximately $25,000. NewEdge Advisors LLC purchased a new stake in shares of GDS during the first quarter worth approximately $25,000. Leonteq Securities AG purchased a new stake in shares of GDS during the fourth quarter worth approximately $34,000. EverSource Wealth Advisors LLC raised its stake in GDS by 41.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company’s stock valued at $55,000 after purchasing an additional 531 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in GDS by 113.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the company’s stock valued at $56,000 after purchasing an additional 974 shares during the last quarter. Institutional investors and hedge funds own 33.71% of the company’s stock.

GDS Stock Performance

Shares of GDS stock opened at $29.33 on Tuesday. The firm has a 50 day moving average of $37.80 and a two-hundred day moving average of $40.03. The stock has a market capitalization of $5.88 billion, a PE ratio of 18.68 and a beta of 0.39. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 1.25. GDS Holdings has a 52 week low of $26.97 and a 52 week high of $48.61.

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

Insider Activity

In other GDS news, Director Judy Qing Ye sold 37,394 shares of the 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Yixin Qian sold 10,000 shares of GDS stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $35.25, for a total value of $352,500.00. Following the completion of the transaction, the vice president owned 66,865 shares of the company’s stock, valued at $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 corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GDS. Piper Sandler set a $36.00 target price on shares of GDS in a research note 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 report on Thursday, May 21st. Morgan Stanley restated an “overweight” rating and set a $64.00 price target on shares of GDS in a research note on Tuesday, March 17th. Wall Street Zen upgraded GDS from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings raised GDS from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $48.04.

GDS 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.