Pacer Advisors Inc. Acquires 188,072 Shares of GDS Holdings Limited (NASDAQ:GDS)

Pacer Advisors Inc. increased its holdings in shares of GDS Holdings Limited (NASDAQ:GDS) by 26.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 898,982 shares of the company’s stock after purchasing an additional 188,072 shares during the quarter. Pacer Advisors Inc.’s holdings in GDS were worth $21,360,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Blue Trust Inc. boosted its holdings in GDS by 121.9% during the fourth quarter. Blue Trust Inc. now owns 5,557 shares of the company’s stock worth $132,000 after buying an additional 3,053 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of GDS by 7,553.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 610,821 shares of the company’s stock valued at $12,461,000 after acquiring an additional 602,840 shares during the period. Tidal Investments LLC bought a new position in GDS during the 3rd quarter worth approximately $842,000. Geode Capital Management LLC grew its holdings in GDS by 20.5% during the third quarter. Geode Capital Management LLC now owns 77,057 shares of the company’s stock valued at $1,572,000 after purchasing an additional 13,121 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in GDS in the third quarter valued at approximately $64,000. 33.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GDS. Royal Bank of Canada reissued an “outperform” rating and set a $26.00 price target on shares of GDS in a research report on Thursday, December 5th. StockNews.com upgraded GDS from a “sell” rating to a “hold” rating in a report on Tuesday. JMP Securities assumed coverage on GDS in a report on Monday. They issued an “outperform” rating and a $35.00 price target for the company. Finally, Citizens Jmp upgraded GDS to a “strong-buy” rating in a report on Monday. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $22.60.

GDS Stock Performance

GDS opened at $21.96 on Wednesday. The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of -7.20 and a beta of 0.13. The business’s 50-day moving average price is $21.49 and its two-hundred day moving average price is $18.83. GDS Holdings Limited has a 1 year low of $5.01 and a 1 year high of $29.17. 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 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.