StockNews.com Upgrades GDS (NASDAQ:GDS) to “Hold”

StockNews.com upgraded shares of GDS (NASDAQ:GDS) from a sell rating to a hold rating in a research note issued to investors on Tuesday.

A number of other brokerages have also recently commented on GDS. Citizens Jmp raised GDS to a “strong-buy” rating in a research note on Monday. JMP Securities started coverage on shares of GDS in a report on Monday. They set an “outperform” rating and a $35.00 price target for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $26.00 price target on shares of GDS in a report on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, GDS presently has a consensus rating of “Buy” and an average target price of $22.60.

GDS Stock Performance

NASDAQ GDS opened at $21.96 on Tuesday. The company has a 50-day simple moving average of $21.49 and a two-hundred day simple moving average of $18.83. GDS has a 12-month low of $5.01 and a 12-month high of $29.17. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of -7.20 and a beta of 0.13. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25.

Institutional Trading of GDS

Several large investors have recently added to or reduced their stakes in the stock. Bamco Inc. NY raised its position in shares of GDS by 128.6% in the 3rd quarter. Bamco Inc. NY now owns 6,040,555 shares of the company’s stock worth $123,227,000 after acquiring an additional 3,397,592 shares in the last quarter. Sachem Head Capital Management LP grew its stake in GDS by 161.6% in the third quarter. Sachem Head Capital Management LP now owns 2,825,000 shares of the company’s stock worth $57,630,000 after purchasing an additional 1,745,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in GDS in the third quarter worth $27,212,000. Portolan Capital Management LLC purchased a new position in GDS during the third quarter valued at $26,572,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of GDS by 7,553.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 610,821 shares of the company’s stock valued at $12,461,000 after buying an additional 602,840 shares in the last quarter. Institutional investors own 33.71% of the company’s stock.

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.