GDS Holdings $GDS Shares Acquired by Eschler Asset Management LLP

Eschler Asset Management LLP lifted its holdings in GDS Holdings (NASDAQ:GDS) by 35.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 481,471 shares of the company’s stock after purchasing an additional 126,271 shares during the period. GDS makes up approximately 13.8% of Eschler Asset Management LLP’s holdings, making the stock its largest holding. Eschler Asset Management LLP’s holdings in GDS were worth $18,633,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Canada Pension Plan Investment Board raised its holdings in GDS by 77.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 7,004,083 shares of the company’s stock valued at $214,115,000 after acquiring an additional 3,062,658 shares during the last quarter. Tekne Capital Management LLC boosted its holdings in shares of GDS by 6.9% during the 2nd quarter. Tekne Capital Management LLC now owns 6,263,467 shares of the company’s stock worth $191,474,000 after purchasing an additional 403,256 shares during the last quarter. Aspex Management HK Ltd grew its position in shares of GDS by 46.4% in the second quarter. Aspex Management HK Ltd now owns 4,406,949 shares of the company’s stock valued at $134,720,000 after purchasing an additional 1,397,073 shares in the last quarter. Bamco Inc. NY grew its position in shares of GDS by 2.8% in the second quarter. Bamco Inc. NY now owns 3,153,908 shares of the company’s stock valued at $96,415,000 after purchasing an additional 86,503 shares in the last quarter. Finally, Triata Capital Ltd increased its holdings in shares of GDS by 35.5% in the third quarter. Triata Capital Ltd now owns 2,407,953 shares of the company’s stock valued at $93,188,000 after purchasing an additional 630,339 shares during the last quarter. Hedge funds and other institutional investors own 33.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of GDS in a research report on Monday, December 29th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of GDS in a research note on Tuesday, January 13th. UBS Group set a $55.00 price target on GDS in a report on Monday, December 1st. Finally, TD Cowen lowered their price target on shares of GDS from $38.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.91.

GDS Stock Performance

Shares of GDS stock opened at $42.82 on Friday. GDS Holdings has a 1-year low of $16.92 and a 1-year high of $48.61. The company has a 50-day moving average of $42.98 and a two-hundred day moving average of $37.87. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 1.65.

GDS Profile

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.