Pacer Advisors Inc. increased its holdings in GDS Holdings Ltd – (NASDAQ:GDS) by 126.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 132,923 shares of the company’s stock after purchasing an additional 74,169 shares during the quarter. Pacer Advisors Inc.’s holdings in GDS were worth $5,328,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the stock. Tower Research Capital LLC TRC lifted its stake in GDS by 93.5% during the second quarter. Tower Research Capital LLC TRC now owns 1,440 shares of the company’s stock worth $54,000 after purchasing an additional 696 shares in the last quarter. Resources Investment Advisors LLC. acquired a new position in GDS during the second quarter worth $122,000. Trexquant Investment LP acquired a new position in GDS during the second quarter worth $227,000. NN Investment Partners Holdings N.V. acquired a new position in GDS during the second quarter worth $237,000. Finally, US Bancorp DE lifted its stake in GDS by 19,014.3% during the second quarter. US Bancorp DE now owns 6,690 shares of the company’s stock worth $251,000 after purchasing an additional 6,655 shares in the last quarter. Institutional investors own 69.37% of the company’s stock.
Shares of NASDAQ GDS opened at $41.85 on Friday. The stock has a market cap of $4.60 billion, a P/E ratio of -82.06 and a beta of 3.02. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 1.56. GDS Holdings Ltd – has a 12-month low of $20.84 and a 12-month high of $45.13. The business’s fifty day simple moving average is $41.33 and its 200-day simple moving average is $38.35.
GDS (NASDAQ:GDS) last announced its quarterly earnings data on Tuesday, August 13th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.03. The business had revenue of $985.20 million for the quarter, compared to analysts’ expectations of $968.38 million. GDS had a negative return on equity of 6.70% and a negative net margin of 13.61%. The company’s revenue for the quarter was up 54.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.82) earnings per share. On average, equities analysts forecast that GDS Holdings Ltd – will post -0.39 EPS for the current fiscal year.
GDS has been the topic of a number of research reports. BidaskClub cut GDS from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. ValuEngine cut GDS from a “hold” rating to a “sell” rating in a research note on Saturday, October 5th. Zacks Investment Research upgraded GDS from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research note on Monday, August 19th. Guggenheim set a $57.00 price objective on GDS and gave the company a “buy” rating in a research note on Thursday, September 12th. Finally, Royal Bank of Canada increased their price objective on GDS to $58.00 and gave the company an “outperform” rating in a research note on Wednesday, August 14th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $50.75.
GDS Holdings Limited, together with its subsidiaries, designs, builds, and operates data centers in the People's Republic of China. The company provides colocation, managed hosting, and managed cloud services, as well as consulting services. Its data centers service customers that primarily operate in the Internet and banking industries in Shanghai and Beijing municipalities; and Jiangsu, Guangdong, Sichuan, and Hebei Provinces.
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