Bamco Inc. NY Has $123.23 Million Position in GDS Holdings Limited (NASDAQ:GDS)

Bamco Inc. NY grew its stake in shares of GDS Holdings Limited (NASDAQ:GDS - Free Report) by 128.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,040,555 shares of the company's stock after purchasing an additional 3,397,592 shares during the quarter. Bamco Inc. NY owned approximately 3.17% of GDS worth $123,227,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Signaturefd LLC grew its position in GDS by 17.3% in the 3rd quarter. Signaturefd LLC now owns 8,221 shares of the company's stock valued at $168,000 after buying an additional 1,215 shares in the last quarter. Blue Trust Inc. increased its position in shares of GDS by 1,558.3% during the 3rd quarter. Blue Trust Inc. now owns 2,504 shares of the company's stock valued at $51,000 after purchasing an additional 2,353 shares during the period. BNP Paribas Financial Markets raised its stake in shares of GDS by 1.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 182,388 shares of the company's stock worth $3,721,000 after buying an additional 2,543 shares in the last quarter. Creative Planning lifted its holdings in shares of GDS by 10.3% in the second quarter. Creative Planning now owns 99,850 shares of the company's stock valued at $928,000 after buying an additional 9,332 shares during the period. Finally, Vanguard Personalized Indexing Management LLC bought a new position in GDS during the second quarter valued at about $108,000. 33.71% of the stock is currently owned by institutional investors and hedge funds.

GDS Trading Up 0.3 %

GDS stock traded up $0.05 during mid-day trading on Monday, reaching $19.74. 532,638 shares of the stock traded hands, compared to its average volume of 1,601,579. GDS Holdings Limited has a 52-week low of $5.01 and a 52-week high of $24.74. The stock's fifty day moving average is $21.21 and its 200-day moving average is $15.13. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25. The company has a market cap of $3.76 billion, a P/E ratio of -6.46 and a beta of 0.23.

Wall Street Analyst Weigh In

Several equities research analysts have commented on GDS shares. Nomura Securities upgraded shares of GDS to a "strong-buy" rating in a research report on Monday, August 26th. Bank of America increased their target price on shares of GDS from $12.40 to $22.40 and gave the company a "buy" rating in a research note on Tuesday, August 27th. Finally, Royal Bank of Canada upped their price target on GDS from $14.00 to $26.00 and gave the company an "outperform" rating in a report on Monday, October 14th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, GDS presently has a consensus rating of "Moderate Buy" and a consensus target price of $18.47.

GDS Profile

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.