Hidden Lake Asset Management LP Increases Stock Holdings in GDS Holdings $GDS

Hidden Lake Asset Management LP increased its position in shares of GDS Holdings (NASDAQ:GDS) by 16.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 205,496 shares of the company’s stock after acquiring an additional 28,806 shares during the quarter. GDS makes up 1.0% of Hidden Lake Asset Management LP’s portfolio, making the stock its 13th biggest holding. Hidden Lake Asset Management LP’s holdings in GDS were worth $7,953,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of GDS. Advisors Asset Management Inc. purchased a new stake in shares of GDS in the 1st quarter valued at approximately $25,000. NewEdge Advisors LLC purchased a new stake in shares of GDS during the 1st quarter valued at approximately $25,000. Assetmark Inc. lifted its holdings in GDS by 1,123.2% in the third quarter. Assetmark Inc. now owns 685 shares of the company’s stock valued at $27,000 after acquiring an additional 629 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in GDS by 165.0% in the third quarter. Hantz Financial Services Inc. now owns 1,365 shares of the company’s stock valued at $53,000 after acquiring an additional 850 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in GDS by 41.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company’s stock worth $55,000 after acquiring an additional 531 shares during the period. 33.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GDS. Raymond James Financial reissued a “strong-buy” rating on shares of GDS in a research note on Tuesday, January 13th. UBS Group set a $55.00 price objective on GDS in a research report on Monday, December 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GDS in a research note on Monday, December 29th. Finally, TD Cowen dropped their price target on shares of GDS from $38.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, GDS currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.91.

GDS Stock Performance

NASDAQ GDS opened at $42.86 on Monday. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.51 and a quick ratio of 2.51. The company has a market cap of $8.33 billion, a P/E ratio of 10.74 and a beta of 0.39. The stock has a 50-day moving average of $43.07 and a two-hundred day moving average of $38.00. GDS Holdings has a 1-year low of $16.92 and a 1-year high of $48.61.

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.