GDS Holdings $GDS is MY.Alpha Management HK Advisors Ltd’s 7th Largest Position

MY.Alpha Management HK Advisors Ltd cut its position in shares of GDS Holdings (NASDAQ:GDSFree Report) by 13.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 454,171 shares of the company’s stock after selling 72,532 shares during the quarter. GDS comprises 8.5% of MY.Alpha Management HK Advisors Ltd’s investment portfolio, making the stock its 7th biggest holding. MY.Alpha Management HK Advisors Ltd’s holdings in GDS were worth $15,851,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AI Squared Management Ltd lifted its position in GDS by 793.5% during the third quarter. AI Squared Management Ltd now owns 98,280 shares of the company’s stock valued at $3,803,000 after buying an additional 87,280 shares during the period. Hidden Lake Asset Management LP grew its position in shares of GDS by 16.3% in the 3rd quarter. Hidden Lake Asset Management LP now owns 205,496 shares of the company’s stock worth $7,953,000 after buying an additional 28,806 shares during the period. Aberdeen Group plc grew its position in shares of GDS by 27.5% in the 4th quarter. Aberdeen Group plc now owns 576,498 shares of the company’s stock worth $20,120,000 after buying an additional 124,473 shares during the period. Pictet Asset Management Holding SA bought a new position in shares of GDS in the 4th quarter worth about $4,983,000. Finally, Elevate Capital Advisors LLC bought a new position in shares of GDS in the 4th quarter worth about $552,000. 33.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at GDS

In other news, VP Yixin Qian sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $35.25, for a total value of $352,500.00. Following the transaction, the vice president owned 66,865 shares in the company, valued at approximately $2,356,991.25. This represents a 13.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Judy Qing Ye sold 37,394 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $36.21, for a total transaction of $1,354,036.74. The disclosure for this sale is available in the SEC filing. 7.99% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

GDS has been the subject of a number of recent research reports. Morgan Stanley reissued an “overweight” rating and set a $64.00 price target on shares of GDS in a research report on Tuesday, March 17th. TD Cowen decreased their target price on shares of GDS from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Weiss Ratings raised shares of GDS from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Zacks Research upgraded shares of GDS from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Finally, Wall Street Zen raised GDS from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $48.04.

Check Out Our Latest Report on GDS

GDS Price Performance

Shares of NASDAQ:GDS opened at $31.48 on Friday. GDS Holdings has a 1-year low of $26.50 and a 1-year high of $48.61. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.87 and a quick ratio of 1.87. The business has a fifty day moving average price of $39.22 and a 200-day moving average price of $40.17. The company has a market capitalization of $6.31 billion, a PE ratio of 20.05 and a beta of 0.39.

GDS (NASDAQ:GDSGet Free Report) last posted its quarterly earnings results on Friday, May 15th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $1.56. The firm had revenue of $426.12 million during the quarter, compared to analyst estimates of $436.44 million. GDS had a return on equity of 15.62% and a net margin of 23.83%.GDS’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.47 EPS. As a group, equities analysts expect that GDS Holdings will post 5.65 EPS for the current fiscal year.

About GDS

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for GDS (NASDAQ:GDS)

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