Pinnbrook Capital Management LP Makes New $1.38 Million Investment in GDS Holdings $GDS

Pinnbrook Capital Management LP purchased a new position in shares of GDS Holdings (NASDAQ:GDS) during the third quarter, Holdings Channel reports. The institutional investor purchased 35,579 shares of the company’s stock, valued at approximately $1,377,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Portolan Capital Management LLC bought a new stake in shares of GDS in the third quarter valued at about $544,000. Marshall Wace LLP grew its holdings in GDS by 1,671.6% during the 3rd quarter. Marshall Wace LLP now owns 1,227,203 shares of the company’s stock worth $47,493,000 after acquiring an additional 1,157,934 shares in the last quarter. Eschler Asset Management LLP increased its position in GDS by 35.5% during the 3rd quarter. Eschler Asset Management LLP now owns 481,471 shares of the company’s stock valued at $18,633,000 after purchasing an additional 126,271 shares during the period. Barometer Capital Management Inc. increased its position in GDS by 77.9% during the 3rd quarter. Barometer Capital Management Inc. now owns 93,600 shares of the company’s stock valued at $3,622,000 after purchasing an additional 41,000 shares during the period. Finally, Monolith Management Ltd raised its holdings in shares of GDS by 14.4% in the 3rd quarter. Monolith Management Ltd now owns 345,305 shares of the company’s stock valued at $13,363,000 after purchasing an additional 43,433 shares in the last quarter. 33.71% of the stock is currently owned by institutional investors.

GDS Stock Up 0.1%

Shares of GDS stock opened at $42.86 on Friday. The company has a 50-day simple moving average of $43.07 and a two-hundred day simple moving average of $37.94. GDS Holdings has a one year low of $16.92 and a one year high of $48.61. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 1.65.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GDS. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GDS in a research report on Monday, December 29th. Raymond James Financial reissued a “strong-buy” rating on shares of GDS in a research note on Tuesday, January 13th. UBS Group set a $55.00 target price on GDS in a report on Monday, December 1st. Finally, TD Cowen dropped their target price on GDS from $38.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $47.91.

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.