Ghisallo Capital Management LLC Has $7.74 Million Position in GDS Holdings $GDS

Ghisallo Capital Management LLC lowered its holdings in GDS Holdings (NASDAQ:GDS) by 66.7% in the third quarter, Holdings Channel.com reports. The firm owned 200,000 shares of the company’s stock after selling 400,000 shares during the period. Ghisallo Capital Management LLC’s holdings in GDS were worth $7,740,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Royal Bank of Canada grew its holdings in shares of GDS by 30.7% during the first quarter. Royal Bank of Canada now owns 379,289 shares of the company’s stock valued at $9,608,000 after buying an additional 89,059 shares in the last quarter. Advisors Asset Management Inc. purchased a new stake in GDS in the 1st quarter worth about $25,000. NewEdge Advisors LLC purchased a new stake in GDS in the 1st quarter worth about $25,000. Vise Technologies Inc. acquired a new stake in GDS during the 2nd quarter worth about $395,000. Finally, Itau Unibanco Holding S.A. boosted its position in GDS by 12.8% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 13,438 shares of the company’s stock worth $411,000 after acquiring an additional 1,526 shares during the period. Institutional investors and hedge funds own 33.71% of the company’s stock.

Analyst Ratings Changes

GDS has been the topic of a number of research reports. UBS Group set a $55.00 target price on GDS in a report on Monday, December 1st. TD Cowen decreased their price target on shares of GDS from $38.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GDS in a research report on Monday, December 29th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of GDS in a research report on Tuesday, January 13th. One research 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 company’s stock. According to MarketBeat.com, GDS has a consensus rating of “Moderate Buy” and a consensus target price of $47.91.

GDS Price Performance

Shares of GDS stock 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. GDS Holdings has a fifty-two week low of $16.92 and a fifty-two week high of $48.61. The stock’s 50-day moving average is $43.07 and its two-hundred day moving average is $37.94.

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.