J.W. Cole Advisors Inc. Purchases New Shares in GDS Holdings $GDS

J.W. Cole Advisors Inc. purchased a new position in shares of GDS Holdings (NASDAQ:GDS) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 21,492 shares of the company’s stock, valued at approximately $832,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. NewEdge Advisors LLC acquired a new position in GDS in the 1st quarter valued at $25,000. Advisors Asset Management Inc. purchased a new position in GDS during the first quarter worth about $25,000. Huntington National Bank lifted its position in GDS by 83,700.0% in the second quarter. Huntington National Bank now owns 838 shares of the company’s stock valued at $26,000 after purchasing an additional 837 shares during the period. Hantz Financial Services Inc. boosted its holdings in GDS by 165.0% in the 3rd 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. Finally, EverSource Wealth Advisors LLC increased its position in GDS by 41.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company’s stock worth $55,000 after purchasing an additional 531 shares during the period. 33.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

GDS Trading Down 0.3%

GDS stock opened at $46.35 on Tuesday. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 1.65. The stock has a 50-day moving average price of $39.17 and a 200 day moving average price of $36.51. GDS Holdings has a 52 week low of $16.92 and a 52 week high of $52.50.

GDS (NASDAQ:GDS) last issued its quarterly earnings results on Wednesday, November 19th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.51. GDS had a net margin of 49.60% and a return on equity of 5.17%. The business had revenue of $405.28 million during the quarter, compared to the consensus estimate of $402.81 million. During the same period in the previous year, the firm posted ($0.14) earnings per share. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, analysts expect that GDS Holdings will post -0.89 earnings per share for the current fiscal year.

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.