Tidal Investments LLC Acquires 63,945 Shares of GDS Holdings $GDS

Tidal Investments LLC increased its holdings in shares of GDS Holdings (NASDAQ:GDS) by 264.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 88,097 shares of the company’s stock after purchasing an additional 63,945 shares during the period. Tidal Investments LLC’s holdings in GDS were worth $2,646,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Leonteq Securities AG bought a new stake in GDS during the 4th quarter worth approximately $34,000. Nykredit A S acquired a new stake in GDS during the 2nd quarter worth approximately $63,000. Summit Securities Group LLC acquired a new stake in GDS during the 1st quarter worth approximately $65,000. EverSource Wealth Advisors LLC lifted its stake in GDS by 73.5% in the first quarter. EverSource Wealth Advisors LLC now owns 2,160 shares of the company’s stock valued at $87,000 after buying an additional 915 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in GDS in the first quarter valued at approximately $132,000. 33.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GDS has been the subject of several research analyst reports. Piper Sandler set a $36.00 price target on shares of GDS in a report on Thursday, May 21st. Zacks Research lowered shares of GDS from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GDS in a research report on Thursday, August 13th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $51.00 target price on shares of GDS in a research note on Tuesday, September 1st. Finally, Wall Street Zen upgraded GDS from a “sell” rating to a “hold” rating in a report on Sunday, September 6th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.12.

GDS Trading Up 0.6%

NASDAQ GDS opened at $30.44 on Wednesday. The stock has a market capitalization of $6.10 billion, a price-to-earnings ratio of 14.16 and a beta of 0.43. The stock’s 50 day moving average price is $32.28 and its two-hundred day moving average price is $36.51. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.78 and a current ratio of 1.78. GDS Holdings has a 52 week low of $26.97 and a 52 week high of $48.61.

GDS (NASDAQ:GDS) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $0.52 earnings per share for the quarter. The company had revenue of $454.51 million during the quarter. GDS had a net margin of 30.70% and a return on equity of 17.94%. As a group, analysts anticipate that GDS Holdings will post 2.23 earnings per share for the current fiscal year.

GDS Profile

GDS Holdings Limited is a developer and operator of data centers serving cloud service providers, internet companies, financial institutions and other enterprises. The company provides data center infrastructure designed to support critical information technology systems, including space, power, cooling, connectivity and security.

Its services include colocation, managed infrastructure and related data center solutions. GDS also offers connectivity to telecommunications carriers, cloud platforms and internet exchanges, helping customers deploy and operate technology systems in secure, highly available facilities.

Founded in 2001, GDS has built a network of data centers primarily in China, with additional operations and expansion efforts in selected international markets, including Southeast Asia and Hong Kong.