Pinnbrook Capital Management LP Invests $1.38 Million in GDS Holdings $GDS

Pinnbrook Capital Management LP bought a new stake in shares of GDS Holdings (NASDAQ:GDS) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 35,579 shares of the company’s stock, valued at approximately $1,377,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its stake in GDS by 2.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 15,111 shares of the company’s stock worth $585,000 after purchasing an additional 352 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of GDS by 3.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,388 shares of the company’s stock valued at $390,000 after purchasing an additional 388 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of GDS by 41.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company’s stock valued at $55,000 after purchasing an additional 531 shares in the last quarter. Assetmark Inc. increased its holdings in shares of GDS by 1,123.2% in the third quarter. Assetmark Inc. now owns 685 shares of the company’s stock worth $27,000 after purchasing an additional 629 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its position in shares of GDS by 68.4% in the second quarter. Advisors Asset Management Inc. now owns 1,639 shares of the company’s stock worth $50,000 after buying an additional 666 shares in the last quarter. 33.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. UBS Group set a $55.00 price target on GDS in a research note on Monday, December 1st. Raymond James Financial reaffirmed a “strong-buy” rating on shares of GDS in a report on Tuesday, January 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of GDS in a research report on Monday, December 29th. Finally, TD Cowen cut their target price on shares of GDS from $38.00 to $37.00 and set a “buy” rating for the company in a 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 assigned a Hold rating to the company’s stock. According to MarketBeat, GDS has an average rating of “Moderate Buy” and a consensus target price of $47.91.

GDS Stock Performance

GDS opened at $42.86 on Friday. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 1.65. The stock’s 50 day moving average price is $43.07 and its 200-day moving average price is $37.94. GDS Holdings has a one year low of $16.92 and a one year high of $48.61.

GDS Company 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.