Melqart Asset Management UK Ltd Acquires Shares of 180,567 GDS Holdings $GDS

Melqart Asset Management UK Ltd bought a new position in shares of GDS Holdings (NASDAQ:GDS) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 180,567 shares of the company’s stock, valued at approximately $6,988,000. Melqart Asset Management UK Ltd owned about 0.09% of GDS as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Advisors Asset Management Inc. purchased a new position in shares of GDS in the first quarter worth about $25,000. NewEdge Advisors LLC purchased a new stake in GDS during the 1st quarter valued at about $25,000. Assetmark Inc. grew its stake in GDS by 1,123.2% during the 3rd quarter. Assetmark Inc. now owns 685 shares of the company’s stock valued at $27,000 after acquiring an additional 629 shares in the last quarter. Hantz Financial Services Inc. raised 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 acquiring an additional 850 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of GDS by 41.6% in the second 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. Hedge funds and other institutional investors own 33.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on GDS shares. UBS Group set a $55.00 target price on GDS in a research note on Monday, December 1st. TD Cowen reduced their price target on shares of GDS from $38.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of GDS in a report on Monday, December 29th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of GDS in a research note on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, GDS has a consensus rating of “Moderate Buy” and a consensus target price of $47.91.

GDS Stock Performance

NASDAQ GDS opened at $42.86 on Friday. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 1.65. The firm’s 50-day moving average is $43.07 and its two-hundred day moving average is $37.94. GDS Holdings has a 12 month low of $16.92 and a 12 month high of $48.61.

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.