Pacer Advisors Inc. Has $13.30 Million Stock Holdings in GDS Holdings (NASDAQ:GDS)

Pacer Advisors Inc. trimmed its position in shares of GDS Holdings (NASDAQ:GDS) by 41.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 525,107 shares of the company’s stock after selling 373,875 shares during the period. Pacer Advisors Inc.’s holdings in GDS were worth $13,301,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of GDS during the 4th quarter worth approximately $2,373,000. LPL Financial LLC acquired a new stake in GDS during the fourth quarter worth $310,000. Geode Capital Management LLC boosted its stake in GDS by 25.8% during the fourth quarter. Geode Capital Management LLC now owns 96,933 shares of the company’s stock worth $2,303,000 after buying an additional 19,876 shares in the last quarter. Wells Fargo & Company MN increased its holdings in GDS by 1,904.2% in the 4th quarter. Wells Fargo & Company MN now owns 3,788 shares of the company’s stock valued at $90,000 after buying an additional 3,599 shares during the period. Finally, Bank of Montreal Can acquired a new position in shares of GDS in the 4th quarter valued at $428,000. Institutional investors and hedge funds own 33.71% of the company’s stock.

GDS Stock Up 2.1%

NASDAQ GDS opened at $36.78 on Friday. The firm has a market cap of $7.01 billion, a PE ratio of 11.28 and a beta of 0.31. GDS Holdings has a one year low of $9.88 and a one year high of $52.50. The stock’s 50 day simple moving average is $29.92 and its 200 day simple moving average is $28.65. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.47 and a quick ratio of 1.47.

GDS (NASDAQ:GDS) last posted its quarterly earnings data on Tuesday, May 20th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.70. The company had revenue of $375.14 million for the quarter, compared to analyst estimates of $2.72 billion. GDS had a return on equity of 0.78% and a net margin of 39.90%. The business’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($1.96) earnings per share. As a group, sell-side analysts forecast that GDS Holdings will post -0.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on GDS shares. Daiwa Capital Markets reissued a “buy” rating on shares of GDS in a research note on Wednesday, May 28th. Wall Street Zen upgraded GDS from a “sell” rating to a “hold” rating in a research note on Wednesday, May 21st. JPMorgan Chase & Co. upgraded GDS from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $34.00 to $46.00 in a research report on Wednesday, July 16th. BMO Capital Markets raised GDS to a “market perform” rating in a research note on Wednesday, July 16th. Finally, JMP Securities reiterated a “market outperform” rating and set a $40.00 price objective on shares of GDS in a research note on Wednesday, May 21st. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $40.57.

GDS Company 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.