Connor Clark & Lunn Investment Management Ltd. Invests $1 Million in GDS Holdings Limited (NASDAQ:GDS)

Connor Clark & Lunn Investment Management Ltd. bought a new stake in GDS Holdings Limited (NASDAQ:GDS - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 49,076 shares of the company's stock, valued at approximately $1,001,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of GDS. Signaturefd LLC lifted its position in shares of GDS by 17.3% during the 3rd quarter. Signaturefd LLC now owns 8,221 shares of the company's stock valued at $168,000 after acquiring an additional 1,215 shares during the period. Blue Trust Inc. raised its stake in GDS by 1,558.3% in the third quarter. Blue Trust Inc. now owns 2,504 shares of the company's stock valued at $51,000 after purchasing an additional 2,353 shares in the last quarter. Creative Planning lifted its position in GDS by 10.3% during the second quarter. Creative Planning now owns 99,850 shares of the company's stock worth $928,000 after purchasing an additional 9,332 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new stake in GDS during the second quarter worth about $108,000. Finally, Central Asset Investments & Management Holdings HK Ltd bought a new position in GDS in the 3rd quarter valued at about $245,000. Institutional investors own 33.71% of the company's stock.

GDS Trading Up 7.1 %

GDS stock traded up $1.29 during midday trading on Thursday, hitting $19.54. The stock had a trading volume of 1,149,544 shares, compared to its average volume of 1,611,354. The firm has a market cap of $3.72 billion, a P/E ratio of -6.41 and a beta of 0.23. The business has a fifty day moving average price of $21.20 and a two-hundred day moving average price of $14.93. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25. GDS Holdings Limited has a 1-year low of $5.01 and a 1-year high of $24.74.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GDS. Nomura Securities upgraded shares of GDS to a "strong-buy" rating in a research report on Monday, August 26th. Bank of America boosted their target price on shares of GDS from $12.40 to $22.40 and gave the stock a "buy" rating in a research note on Tuesday, August 27th. Finally, Royal Bank of Canada boosted their target price on shares of GDS from $14.00 to $26.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $18.47.

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.