Farallon Capital Management LLC Buys 516,133 Shares of GDS Holdings Limited (NASDAQ:GDS)

Farallon Capital Management LLC increased its stake in GDS Holdings Limited (NASDAQ:GDS) by 72.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,226,133 shares of the company’s stock after purchasing an additional 516,133 shares during the period. Farallon Capital Management LLC owned 0.64% of GDS worth $11,391,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of GDS. Baupost Group LLC MA acquired a new stake in GDS in the first quarter worth about $17,290,000. Goldman Sachs Group Inc. increased its holdings in GDS by 16.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,404,486 shares of the company’s stock valued at $49,289,000 after purchasing an additional 773,378 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of GDS by 258.1% in the 4th quarter. Wellington Management Group LLP now owns 608,625 shares of the company’s stock valued at $5,551,000 after acquiring an additional 438,661 shares during the last quarter. Bamco Inc. NY acquired a new position in GDS during the first quarter valued at approximately $2,896,000. Finally, Swedbank AB bought a new stake in GDS in the first quarter valued at approximately $2,174,000. 33.71% of the stock is currently owned by institutional investors.

GDS Trading Up 4.9 %

NASDAQ:GDS opened at $20.51 on Tuesday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 2.30. GDS Holdings Limited has a twelve month low of $5.01 and a twelve month high of $20.82. The company has a market cap of $3.91 billion, a P/E ratio of -6.39 and a beta of 0.24. The business has a 50 day moving average price of $14.14 and a two-hundred day moving average price of $10.40.

GDS (NASDAQ:GDS) last released its earnings results on Wednesday, August 21st. The company reported ($0.18) earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $384.14 million. As a group, analysts expect that GDS Holdings Limited will post -1.14 EPS for the current fiscal year.

Analyst Ratings Changes

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

GDS Profile

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.