Pacer Advisors Inc. Sells 17,307 Shares of GDS Holdings $GDS

Pacer Advisors Inc. trimmed its holdings in shares of GDS Holdings (NASDAQ:GDS) by 8.2% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 192,645 shares of the company’s stock after selling 17,307 shares during the period. Pacer Advisors Inc.’s holdings in GDS were worth $7,762,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Advisors Asset Management Inc. purchased a new position in shares of GDS during the first quarter worth about $25,000. NewEdge Advisors LLC purchased a new stake in GDS in the first quarter valued at approximately $25,000. Leonteq Securities AG bought a new stake in GDS during the fourth quarter valued at approximately $34,000. EverSource Wealth Advisors LLC grew its stake in GDS by 41.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company’s stock worth $55,000 after buying an additional 531 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of GDS by 113.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the company’s stock worth $56,000 after buying an additional 974 shares during the last quarter. Hedge funds and other institutional investors own 33.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on GDS shares. Wall Street Zen raised shares of GDS from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Piper Sandler set a $36.00 price objective on GDS in a research report on Thursday, May 21st. Weiss Ratings upgraded GDS from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Zacks Research cut shares of GDS from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. Finally, TD Cowen lowered their price objective on shares of GDS from $37.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, GDS currently has an average rating of “Moderate Buy” and a consensus price target of $48.33.

GDS Stock Down 2.1%

Shares of NASDAQ GDS opened at $32.67 on Thursday. The firm has a fifty day simple moving average of $32.49 and a two-hundred day simple moving average of $39.00. The firm has a market capitalization of $6.55 billion, a PE ratio of 20.81 and a beta of 0.43. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 1.25. GDS Holdings has a 12 month low of $26.97 and a 12 month high of $48.61.

GDS (NASDAQ:GDS) last posted its quarterly earnings data on Friday, May 15th. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $1.56. The business had revenue of $426.12 million for the quarter, compared to analysts’ expectations of $436.44 million. GDS had a return on equity of 15.62% and a net margin of 23.83%.The business’s revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the firm posted $3.47 EPS. Equities analysts expect that GDS Holdings will post 5.65 earnings per share for the current year.

Insider Activity

In other news, Director Judy Qing Ye sold 37,394 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $36.21, for a total transaction of $1,354,036.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Yixin Qian sold 10,000 shares of GDS stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $35.25, for a total value of $352,500.00. Following the completion of the sale, the vice president directly owned 66,865 shares in the company, valued at $2,356,991.25. This trade represents a 13.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 7.99% of the company’s stock.

About GDS

GDS Holdings Limited, founded in 2001 and headquartered in Shanghai, is a leading network-neutral data center services provider in China. The company operates a portfolio of state-of-the-art data center facilities designed to support the mission-critical IT infrastructure of cloud service providers, internet enterprises, financial institutions, and government entities. GDS was among the first Chinese providers to offer high-density colocation solutions, catering to customers with demanding computing and storage requirements.

GDS specializes in delivering scalable colocation, cross-connect, and interconnection services within its facilities, enabling clients to establish high-speed, low-latency connections to major cloud platforms and internet exchange points.