207,703 Shares in GDS Holdings Limited (NASDAQ:GDS) Bought by Alberta Investment Management Corp

Alberta Investment Management Corp bought a new stake in shares of GDS Holdings Limited (NASDAQ:GDS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 207,703 shares of the company's stock, valued at approximately $4,935,000. Alberta Investment Management Corp owned 0.11% of GDS as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in GDS. Blue Trust Inc. grew its holdings in shares of GDS by 1,558.3% in the third quarter. Blue Trust Inc. now owns 2,504 shares of the company's stock worth $51,000 after acquiring an additional 2,353 shares during the period. Signaturefd LLC boosted its position in GDS by 17.3% in the third quarter. Signaturefd LLC now owns 8,221 shares of the company's stock worth $168,000 after purchasing an additional 1,215 shares during the last quarter. Macroview Investment Management LLC bought a new stake in shares of GDS during the 3rd quarter valued at about $275,000. abrdn plc increased its position in shares of GDS by 11.3% during the 3rd quarter. abrdn plc now owns 265,500 shares of the company's stock valued at $5,416,000 after purchasing an additional 26,900 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of GDS in the 3rd quarter worth approximately $544,000. Hedge funds and other institutional investors own 33.71% of the company's stock.

GDS Price Performance

Shares of NASDAQ GDS traded up $5.49 during mid-day trading on Thursday, reaching $48.50. The company's stock had a trading volume of 10,564,097 shares, compared to its average volume of 2,973,573. 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 Holdings Limited has a 52 week low of $5.85 and a 52 week high of $52.50. The stock has a fifty day moving average of $25.13 and a two-hundred day moving average of $21.06. The firm has a market capitalization of $9.24 billion, a PE ratio of -15.90 and a beta of 0.12.

Analysts Set New Price Targets

A number of analysts have commented on GDS shares. Daiwa Capital Markets raised shares of GDS from a "neutral" rating to a "buy" rating in a report on Tuesday, February 11th. StockNews.com upgraded GDS from a "sell" rating to a "hold" rating in a research note on Tuesday, January 28th. Royal Bank of Canada reissued an "outperform" rating and set a $26.00 price target on shares of GDS in a report on Wednesday, January 29th. Citizens Jmp raised GDS to a "strong-buy" rating in a research note on Monday, January 27th. Finally, JMP Securities began coverage on GDS in a research note on Monday, January 27th. They set an "outperform" rating and a $35.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $22.60.

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.