GDS Holdings Limited (NASDAQ:GDS) Stock Position Reduced by Aspex Management HK Ltd

Aspex Management HK Ltd reduced its position in shares of GDS Holdings Limited (NASDAQ:GDS) by 54.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,004,018 shares of the company’s stock after selling 4,769,013 shares during the period. GDS comprises approximately 2.2% of Aspex Management HK Ltd’s holdings, making the stock its 16th largest holding. Aspex Management HK Ltd owned about 2.10% of GDS worth $81,682,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Bamco Inc. NY boosted its stake in GDS by 128.6% in the third quarter. Bamco Inc. NY now owns 6,040,555 shares of the company’s stock valued at $123,227,000 after acquiring an additional 3,397,592 shares during the period. Baupost Group LLC MA lifted its holdings in shares of GDS by 63.5% in the 2nd quarter. Baupost Group LLC MA now owns 4,249,952 shares of the company’s stock worth $39,482,000 after purchasing an additional 1,649,952 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in GDS during the 3rd quarter valued at approximately $27,212,000. Farallon Capital Management LLC grew its stake in GDS by 72.7% during the 2nd quarter. Farallon Capital Management LLC now owns 1,226,133 shares of the company’s stock worth $11,391,000 after buying an additional 516,133 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in GDS by 17.3% in the second quarter. Pacer Advisors Inc. now owns 849,568 shares of the company’s stock worth $7,892,000 after buying an additional 125,395 shares during the period. 33.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Nomura Securities raised shares of GDS to a “strong-buy” rating in a report on Monday, August 26th. Royal Bank of Canada boosted their target price on shares of GDS from $14.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, Bank of America raised their price target on shares of GDS from $12.40 to $22.40 and gave the company a “buy” rating in a research note on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.47.

GDS Price Performance

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

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.