Carrhae Capital LLP Has $99.11 Million Stock Holdings in GDS Holdings $GDS

Carrhae Capital LLP raised its holdings in GDS Holdings (NASDAQ:GDS) by 51.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,300,419 shares of the company’s stock after buying an additional 1,115,757 shares during the quarter. GDS accounts for about 2.7% of Carrhae Capital LLP’s investment portfolio, making the stock its 9th largest position. Carrhae Capital LLP’s holdings in GDS were worth $99,112,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Triata Capital Ltd raised its holdings in GDS by 23.5% in the 4th quarter. Triata Capital Ltd now owns 2,974,298 shares of the company’s stock valued at $103,803,000 after acquiring an additional 566,345 shares in the last quarter. Electron Capital Partners LLC boosted its stake in shares of GDS by 52.2% in the 4th quarter. Electron Capital Partners LLC now owns 105,448 shares of the company’s stock valued at $3,680,000 after purchasing an additional 36,166 shares in the last quarter. Barometer Capital Management Inc. grew its stake in GDS by 2,338.5% during the first quarter. Barometer Capital Management Inc. now owns 158,500 shares of the company’s stock worth $6,386,000 after buying an additional 152,000 shares during the last quarter. Bank of America Corp DE grew its position in GDS by 25.5% during the 1st quarter. Bank of America Corp DE now owns 2,177,301 shares of the company’s stock worth $87,723,000 after acquiring an additional 442,414 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of GDS in the first quarter valued at $11,988,000. Institutional investors own 33.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Piper Sandler set a $36.00 price objective on shares of GDS in a research report on Thursday, May 21st. Wall Street Zen raised shares of GDS from a “sell” rating to a “hold” rating in a research report on Sunday. Raymond James Financial reissued a “strong-buy” rating and issued a $51.00 price target on shares of GDS in a report on Tuesday, September 1st. TD Cowen lowered their price objective on shares of GDS from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of GDS in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.12.

GDS Stock Up 2.0%

GDS stock traded up $0.64 during mid-day trading on Tuesday, hitting $32.00. 1,420,997 shares of the company were exchanged, compared to its average volume of 2,138,737. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.78 and a current ratio of 1.78. GDS Holdings has a 1-year low of $26.97 and a 1-year high of $48.61. The firm’s 50 day simple moving average is $32.24 and its 200 day simple moving average is $37.00. The firm has a market cap of $6.41 billion, a P/E ratio of 14.88 and a beta of 0.43.

GDS (NASDAQ:GDS) last released its quarterly earnings results on Tuesday, June 30th. The company reported $0.52 earnings per share for the quarter. GDS had a net margin of 30.70% and a return on equity of 17.94%. The company had revenue of $454.51 million during the quarter. On average, sell-side analysts predict that GDS Holdings will post 2.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other GDS news, VP Yixin Qian sold 10,000 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $35.25, for a total transaction of $352,500.00. Following the completion of the transaction, the vice president owned 66,865 shares in the company, valued at approximately $2,356,991.25. This represents a 13.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 7.99% of the company’s stock.

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.