Bamco Inc. NY Has $164.81 Million Stock Position in GDS Holdings $GDS

by · The Cerbat Gem

Bamco Inc. NY increased its position in GDS Holdings (NASDAQ:GDS – Free Report) by 35.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,258,664 shares of the company’s stock after purchasing an additional 1,104,756 shares during the period. Bamco Inc. NY’s holdings in GDS were worth $164,810,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. AI Squared Management Ltd raised its position in GDS by 793.5% in the third quarter. AI Squared Management Ltd now owns 98,280 shares of the company’s stock worth $3,803,000 after acquiring an additional 87,280 shares during the period. Light Street Capital Management LLC bought a new stake in GDS during the second quarter worth about $21,845,000. Taikang Asset Management Hong Kong Co Ltd bought a new position in shares of GDS during the 2nd quarter valued at $1,681,000. Summit Global Investments bought a new stake in shares of GDS in the 2nd quarter valued at about $350,000. Finally, Aspex Management HK Ltd lifted its position in 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 during the last quarter. 33.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on GDS shares. Weiss Ratings reiterated a “hold (c)” rating on shares of GDS in a report on Monday, December 29th. TD Cowen lowered 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. Raymond James Financial reiterated a “strong-buy” rating on shares of GDS in a research note on Tuesday, January 13th. Finally, UBS Group set a $55.00 target price on shares of GDS in a report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.91.

Read Our Latest Analysis on GDS

GDS Price Performance

Shares of GDS stock opened at $42.86 on Friday. GDS Holdings has a 52 week low of $16.92 and a 52 week high of $48.61. The company has a 50 day moving average price of $43.07 and a 200-day moving average price of $37.97. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 1.65.

GDS Company Profile

(Free Report)

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.

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