Waterfront Capital Partners LLC Acquires Shares of 233,074 GDS Holdings Limited (NASDAQ:GDS)

Waterfront Capital Partners LLC bought a new position in shares of GDS Holdings Limited (NASDAQ:GDS - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 233,074 shares of the company's stock, valued at approximately $4,755,000. GDS accounts for about 0.7% of Waterfront Capital Partners LLC's portfolio, making the stock its 29th largest position. Waterfront Capital Partners LLC owned approximately 0.12% of GDS as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Baupost Group LLC MA boosted its stake in GDS by 63.5% during the second 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 bought a new stake in shares of GDS during the 3rd quarter valued at about $27,212,000. Farallon Capital Management LLC grew its holdings in shares of GDS by 72.7% during the second quarter. Farallon Capital Management LLC now owns 1,226,133 shares of the company's stock worth $11,391,000 after purchasing an additional 516,133 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of GDS by 17.3% in the second quarter. Pacer Advisors Inc. now owns 849,568 shares of the company's stock worth $7,892,000 after purchasing an additional 125,395 shares during the last quarter. Finally, Swedbank AB raised its stake in GDS by 3.7% in the third quarter. Swedbank AB now owns 338,974 shares of the company's stock valued at $6,915,000 after purchasing an additional 12,100 shares in the last quarter. 33.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

GDS Trading Up 0.8 %

Shares of GDS stock traded up $0.15 during trading on Friday, reaching $19.69. The company's stock had a trading volume of 451,048 shares, compared to its average volume of 1,606,334. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25. GDS Holdings Limited has a 52-week low of $5.01 and a 52-week high of $24.74. The firm's 50-day moving average is $21.21 and its two-hundred day moving average is $15.04. The company has a market cap of $3.75 billion, a price-to-earnings ratio of -6.46 and a beta of 0.23.

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.