Headlands Technologies LLC Takes $256,000 Position in GDS Holdings Limited (NASDAQ:GDS)

Headlands Technologies LLC purchased a new position in GDS Holdings Limited (NASDAQ:GDS) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 27,504 shares of the company’s stock, valued at approximately $256,000.

Several other hedge funds have also recently bought and sold shares of the company. Quadrature Capital Ltd purchased a new stake in GDS during the fourth quarter worth $107,000. Capstone Investment Advisors LLC acquired a new stake in GDS in the 1st quarter valued at about $188,000. Nomura Holdings Inc. purchased a new position in GDS during the 4th quarter valued at about $292,000. SG Americas Securities LLC acquired a new position in GDS during the first quarter worth about $429,000. Finally, Pinnacle Associates Ltd. grew its position in shares of GDS by 47.9% in the first quarter. Pinnacle Associates Ltd. now owns 83,502 shares of the company’s stock valued at $555,000 after purchasing an additional 27,038 shares during the last quarter. 33.71% of the stock is owned by hedge funds and other institutional investors.

GDS Trading Down 0.3 %

GDS stock opened at $16.12 on Friday. The stock has a market cap of $3.07 billion, a PE ratio of -5.02 and a beta of 0.24. The stock has a 50-day moving average price of $13.34 and a 200 day moving average price of $9.85. GDS Holdings Limited has a 52 week low of $5.01 and a 52 week high of $18.14. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 2.30.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on GDS shares. Royal Bank of Canada upgraded GDS from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $13.00 to $14.00 in a research report on Monday, July 8th. Bank of America upped their price objective on GDS from $12.40 to $22.40 and gave the company a “buy” rating in a research report on Tuesday, August 27th. Finally, Nomura Securities upgraded GDS to a “strong-buy” rating in a research report on Monday, August 26th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $15.29.

About GDS

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.