17,349 Shares in GDS Holdings Limited (NASDAQ:GDS) Bought by Verition Fund Management LLC

Verition Fund Management LLC bought a new stake in GDS Holdings Limited (NASDAQ:GDS) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 17,349 shares of the company’s stock, valued at approximately $354,000.

A number of other hedge funds have also recently made changes to their positions in GDS. Blue Trust Inc. increased its stake in shares of GDS by 1,558.3% in the third quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock valued at $51,000 after buying an additional 2,353 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new position in GDS in the 2nd quarter valued at approximately $108,000. Signaturefd LLC increased its position in GDS by 17.3% in the 3rd quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock valued at $168,000 after acquiring an additional 1,215 shares during the period. Marshall Wace LLP bought a new position in shares of GDS during the second quarter valued at $203,000. Finally, Central Asset Investments & Management Holdings HK Ltd acquired a new position in shares of GDS during the third quarter worth $245,000. 33.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on GDS. Bank of America raised their target price on GDS from $12.40 to $22.40 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Royal Bank of Canada reiterated an “outperform” rating and issued a $26.00 target price on shares of GDS in a report on Thursday, December 5th. Finally, Nomura Securities upgraded shares of GDS to a “strong-buy” rating in a report on Monday, August 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.47.

GDS Trading Up 1.7 %

Shares of GDS stock opened at $20.90 on Friday. The company has a market cap of $3.98 billion, a P/E ratio of -6.85 and a beta of 0.18. GDS Holdings Limited has a fifty-two week low of $5.01 and a fifty-two week high of $24.74. The stock has a 50 day simple moving average of $21.09 and a two-hundred day simple moving average of $15.87. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19.

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.