Bamco Inc. NY Raises Holdings in GDS Holdings Limited (NASDAQ:GDS)

Bamco Inc. NY lifted its holdings in GDS Holdings Limited (NASDAQ:GDS) by 128.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,040,555 shares of the company’s stock after buying an additional 3,397,592 shares during the quarter. Bamco Inc. NY owned 3.17% of GDS worth $123,227,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in GDS. Baupost Group LLC MA grew its stake in GDS by 63.5% in the 2nd quarter. Baupost Group LLC MA now owns 4,249,952 shares of the company’s stock valued at $39,482,000 after acquiring an additional 1,649,952 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in GDS in the 3rd quarter worth about $27,212,000. Farallon Capital Management LLC grew its holdings in GDS by 72.7% in the second quarter. Farallon Capital Management LLC now owns 1,226,133 shares of the company’s stock valued at $11,391,000 after purchasing an additional 516,133 shares during the period. Pacer Advisors Inc. grew its stake in shares of GDS by 17.3% during the 2nd quarter. Pacer Advisors Inc. now owns 849,568 shares of the company’s stock valued at $7,892,000 after buying an additional 125,395 shares during the period. Finally, Swedbank AB grew its position in GDS by 3.7% during the third quarter. Swedbank AB now owns 338,974 shares of the company’s stock valued at $6,915,000 after acquiring an additional 12,100 shares during the period. 33.71% of the stock is currently owned by hedge funds and other institutional investors.

GDS Trading Up 0.8 %

GDS stock opened at $19.69 on Monday. GDS Holdings Limited has a 1 year low of $5.01 and a 1 year high of $24.74. The firm’s 50-day moving average is $21.21 and its 200-day moving average is $15.13. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market cap of $3.75 billion, a P/E ratio of -6.46 and a beta of 0.23.

Analyst Upgrades and Downgrades

GDS has been the subject of several recent research reports. Royal Bank of Canada increased their price objective on shares of GDS from $14.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Bank of America upped their target price on GDS from $12.40 to $22.40 and gave the company a “buy” rating in a research report on Tuesday, August 27th. Finally, Nomura Securities raised shares of GDS to a “strong-buy” rating in a research report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.47.

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.