1,333,900 Shares in GDS Holdings Limited (NASDAQ:GDS) Purchased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of GDS Holdings Limited (NASDAQ:GDS - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,333,900 shares of the company's stock, valued at approximately $27,212,000. Healthcare of Ontario Pension Plan Trust Fund owned about 0.70% of GDS as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Baupost Group LLC MA grew its stake in shares of GDS by 63.5% in the second quarter. Baupost Group LLC MA now owns 4,249,952 shares of the company's stock worth $39,482,000 after acquiring an additional 1,649,952 shares during the last quarter. Farallon Capital Management LLC acquired a new stake in shares of GDS in the first quarter worth $4,722,000. Swedbank AB acquired a new stake in shares of GDS in the first quarter worth $2,174,000. Cubist Systematic Strategies LLC grew its stake in shares of GDS by 921.7% in the second quarter. Cubist Systematic Strategies LLC now owns 112,568 shares of the company's stock worth $1,046,000 after acquiring an additional 126,268 shares during the last quarter. Finally, Pacer Advisors Inc. grew its stake in shares of GDS by 17.3% in the second quarter. Pacer Advisors Inc. now owns 849,568 shares of the company's stock worth $7,892,000 after acquiring an additional 125,395 shares during the last quarter. Institutional investors and hedge funds own 33.71% of the company's stock.

GDS Price Performance

Shares of NASDAQ GDS traded up $1.29 during midday trading on Thursday, reaching $19.54. 1,149,544 shares of the company traded hands, compared to its average volume of 1,611,354. The firm has a market cap of $3.72 billion, a PE ratio of -6.41 and a beta of 0.23. The stock's 50-day simple moving average is $21.20 and its 200-day simple moving average is $14.93. GDS Holdings Limited has a 12 month low of $5.01 and a 12 month high of $24.74. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19.

Analyst Ratings Changes

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

About GDS

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.