Baupost Group LLC MA Increases Stock Holdings in GDS Holdings Limited (NASDAQ:GDS)

Baupost Group LLC MA lifted its holdings in GDS Holdings Limited (NASDAQ:GDS) by 63.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,249,952 shares of the company’s stock after purchasing an additional 1,649,952 shares during the period. GDS comprises approximately 1.1% of Baupost Group LLC MA’s holdings, making the stock its 19th biggest position. Baupost Group LLC MA owned approximately 2.23% of GDS worth $39,482,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Quadrature Capital Ltd purchased a new stake in GDS in the fourth quarter worth about $107,000. Vanguard Personalized Indexing Management LLC purchased a new stake in GDS in the 2nd quarter worth approximately $108,000. Capstone Investment Advisors LLC bought a new stake in GDS during the 1st quarter worth approximately $188,000. Headlands Technologies LLC purchased a new position in GDS during the second quarter valued at approximately $256,000. Finally, Nomura Holdings Inc. bought a new position in shares of GDS in the fourth quarter worth approximately $292,000. Hedge funds and other institutional investors own 33.71% of the company’s stock.

GDS Stock Up 1.9 %

Shares of GDS opened at $19.55 on Friday. The business’s 50 day simple moving average is $13.96 and its 200-day simple moving average is $10.24. GDS Holdings Limited has a 1 year low of $5.01 and a 1 year high of $20.00. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of -6.09 and a beta of 0.23.

GDS (NASDAQ:GDS) last released its quarterly earnings data on Wednesday, August 21st. The company reported ($0.18) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.07. GDS had a negative net margin of 39.96% and a negative return on equity of 9.10%. The business had revenue of $388.92 million during the quarter, compared to analyst estimates of $384.14 million. As a group, equities analysts expect that GDS Holdings Limited will post -1.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GDS has been the topic of a number of analyst reports. Nomura Securities upgraded shares of GDS to a “strong-buy” rating in a research note on Monday, August 26th. Bank of America boosted their price objective on GDS from $12.40 to $22.40 and gave the company a “buy” rating in a research report on Tuesday, August 27th. Finally, Royal Bank of Canada upgraded GDS from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $13.00 to $14.00 in a research report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.29.

About GDS

GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services.