BlueCrest Capital Management Ltd Makes New $7.51 Million Investment in GDS Holdings $GDS

BlueCrest Capital Management Ltd purchased a new stake in shares of GDS Holdings (NASDAQ:GDS) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 250,000 shares of the company’s stock, valued at approximately $7,508,000. BlueCrest Capital Management Ltd owned approximately 0.12% of GDS at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Sachem Head Capital Management LP raised its stake in shares of GDS by 45.0% in the fourth quarter. Sachem Head Capital Management LP now owns 9,300,000 shares of the company’s stock worth $324,570,000 after purchasing an additional 2,885,000 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in GDS by 77.7% during the second quarter. Canada Pension Plan Investment Board now owns 7,004,083 shares of the company’s stock worth $214,115,000 after buying an additional 3,062,658 shares in the last quarter. Carrhae Capital LLP raised its position in GDS by 51.1% in the 2nd quarter. Carrhae Capital LLP now owns 3,300,419 shares of the company’s stock valued at $99,112,000 after buying an additional 1,115,757 shares during the last quarter. Triata Capital Ltd lifted its stake in GDS by 23.5% during the 4th quarter. Triata Capital Ltd now owns 2,974,298 shares of the company’s stock valued at $103,803,000 after acquiring an additional 566,345 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in GDS by 25.5% during the 1st quarter. Bank of America Corp DE now owns 2,177,301 shares of the company’s stock worth $87,723,000 after acquiring an additional 442,414 shares during the last quarter. Institutional investors and hedge funds own 33.71% of the company’s stock.

GDS Stock Performance

NASDAQ GDS opened at $32.39 on Thursday. GDS Holdings has a 52-week low of $26.97 and a 52-week high of $48.61. The company has a 50-day simple moving average of $32.25 and a 200 day simple moving average of $36.91. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.78 and a current ratio of 1.78. The company has a market capitalization of $6.49 billion, a PE ratio of 15.07 and a beta of 0.43.

GDS (NASDAQ:GDS) last released its earnings results on Tuesday, June 30th. The company reported $0.52 earnings per share for the quarter. GDS had a net margin of 30.70% and a return on equity of 17.94%. The firm had revenue of $454.51 million for the quarter. On average, research analysts predict that GDS Holdings will post 2.23 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Piper Sandler set a $36.00 target price on shares of GDS in a report on Thursday, May 21st. Zacks Research downgraded shares of GDS from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. Raymond James Financial reiterated a “strong-buy” rating and issued a $51.00 price objective on shares of GDS in a research note on Tuesday, September 1st. TD Cowen cut their target price on GDS from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of GDS in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, GDS has an average rating of “Moderate Buy” and an average target price of $48.12.

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.