GDS (NASDAQ:GDS) Shares Up 3% - Still a Buy?

GDS Holdings Limited (NASDAQ:GDS - Get Free Report) shares rose 3% during mid-day trading on Wednesday . The stock traded as high as $27.44 and last traded at $27.26. Approximately 391,147 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 1,275,687 shares. The stock had previously closed at $26.46.

Analyst Ratings Changes

Separately, Royal Bank of Canada reaffirmed an "outperform" rating and set a $26.00 price target on shares of GDS in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $18.47.

GDS Trading Up 9.0 %

The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market capitalization of $5.50 billion, a PE ratio of -9.46 and a beta of 0.13. The business has a fifty day moving average price of $21.19 and a 200 day moving average price of $17.56.

Hedge Funds Weigh In On GDS

A number of hedge funds have recently made changes to their positions in GDS. Bamco Inc. NY raised its position in GDS by 128.6% in the third quarter. Bamco Inc. NY now owns 6,040,555 shares of the company's stock valued at $123,227,000 after purchasing an additional 3,397,592 shares during the period. Sachem Head Capital Management LP grew its stake in shares of GDS by 161.6% in the third quarter. Sachem Head Capital Management LP now owns 2,825,000 shares of the company's stock valued at $57,630,000 after buying an additional 1,745,000 shares in the last quarter. Baupost Group LLC MA raised its holdings in shares of GDS by 63.5% during the 2nd quarter. Baupost Group LLC MA now owns 4,249,952 shares of the company's stock valued at $39,482,000 after buying an additional 1,649,952 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in GDS during the 3rd quarter worth approximately $27,212,000. Finally, Portolan Capital Management LLC purchased a new position in GDS in the 3rd quarter worth approximately $26,572,000. Hedge funds and other institutional investors own 33.71% of the company's stock.

GDS Company 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.