Sachem Head Capital Management LP Acquires 1,745,000 Shares of GDS Holdings Limited (NASDAQ:GDS)

Sachem Head Capital Management LP lifted its holdings in GDS Holdings Limited (NASDAQ:GDS) by 161.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,825,000 shares of the company’s stock after acquiring an additional 1,745,000 shares during the period. GDS makes up approximately 3.0% of Sachem Head Capital Management LP’s portfolio, making the stock its 12th biggest position. Sachem Head Capital Management LP’s holdings in GDS were worth $57,630,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Headlands Technologies LLC acquired a new position in GDS during the 2nd quarter valued at about $256,000. Vanguard Personalized Indexing Management LLC acquired a new position in GDS during the 2nd quarter valued at about $108,000. Pacer Advisors Inc. boosted its stake in GDS by 17.3% during the 2nd quarter. Pacer Advisors Inc. now owns 849,568 shares of the company’s stock valued at $7,892,000 after purchasing an additional 125,395 shares during the last quarter. Baupost Group LLC MA boosted its stake in 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 purchasing an additional 1,649,952 shares during the last quarter. Finally, Farallon Capital Management LLC boosted its stake in GDS by 72.7% during the 2nd quarter. Farallon Capital Management LLC now owns 1,226,133 shares of the company’s stock valued at $11,391,000 after purchasing an additional 516,133 shares during the last quarter. 33.71% of the stock is owned by institutional investors.

GDS Stock Performance

GDS opened at $20.23 on Thursday. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19. GDS Holdings Limited has a 52 week low of $5.01 and a 52 week high of $24.74. The business’s fifty day simple moving average is $21.17 and its 200 day simple moving average is $15.32.

Analyst Upgrades and Downgrades

GDS has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their target price on GDS from $14.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Bank of America boosted their target price on GDS from $12.40 to $22.40 and gave the stock a “buy” rating in a research note on Tuesday, August 27th. Finally, Nomura Securities upgraded GDS to a “strong-buy” rating in a research note on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.47.

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.