Nkcfo LLC Makes New Investment in GDS Holdings $GDS

Nkcfo LLC purchased a new stake in shares of GDS Holdings (NASDAQ:GDS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 29,000 shares of the company’s stock, valued at approximately $1,122,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board grew its position in GDS by 77.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 7,004,083 shares of the company’s stock worth $214,115,000 after purchasing an additional 3,062,658 shares in the last quarter. Aspex Management HK Ltd boosted its position in shares of GDS by 46.4% in the second quarter. Aspex Management HK Ltd now owns 4,406,949 shares of the company’s stock worth $134,720,000 after buying an additional 1,397,073 shares during the period. Light Street Capital Management LLC acquired a new position in GDS during the second quarter valued at $21,845,000. Norges Bank acquired a new position in GDS during the second quarter valued at $18,342,000. Finally, MY.Alpha Management HK Advisors Ltd purchased a new stake in GDS in the 2nd quarter worth about $14,273,000. Institutional investors and hedge funds own 33.71% of the company’s stock.

GDS Trading Down 4.3%

Shares of NASDAQ GDS opened at $43.13 on Tuesday. The business has a 50 day simple moving average of $41.24 and a 200 day simple moving average of $37.20. GDS Holdings has a 52 week low of $16.92 and a 52 week high of $48.61. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.51 and a quick ratio of 2.51.

Analysts Set New Price Targets

Several research firms have weighed in on GDS. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GDS in a research note on Monday, December 29th. UBS Group set a $55.00 price target on shares of GDS in a report on Monday, December 1st. Macquarie Infrastructure set a $46.70 price objective on shares of GDS in a research note on Thursday, November 6th. 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 research report on Thursday, November 20th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of GDS in a research note on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $46.70.

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.