233,074 Shares in GDS Holdings Limited (NASDAQ:GDS) Acquired by Waterfront Capital Partners LLC

Waterfront Capital Partners LLC acquired a new position in GDS Holdings Limited (NASDAQ:GDS) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 233,074 shares of the company’s stock, valued at approximately $4,755,000. GDS accounts for approximately 0.7% of Waterfront Capital Partners LLC’s portfolio, making the stock its 29th biggest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Swedbank AB purchased a new position in GDS in the 1st quarter worth $2,174,000. Headlands Technologies LLC acquired a new stake in GDS in the 2nd quarter worth about $256,000. Vanguard Personalized Indexing Management LLC acquired a new stake in GDS in the 2nd quarter worth about $108,000. Pacer Advisors Inc. boosted its holdings in GDS by 17.3% in the 2nd 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 last quarter. Finally, Baupost Group LLC MA boosted its holdings in 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 buying an additional 1,649,952 shares during the last quarter. Institutional investors own 33.71% of the company’s stock.

Wall Street Analysts Forecast Growth

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

GDS Stock Performance

GDS stock opened at $19.54 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25. The firm’s 50 day moving average price is $21.21 and its 200-day moving average price is $14.96. GDS Holdings Limited has a one year low of $5.01 and a one year high of $24.74.

About GDS

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.