Headlands Technologies LLC purchased a new position in GDS Holdings Limited (NASDAQ:GDS – Free Report) 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.
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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.
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