GDS Holdings Limited (NASDAQ:GDS) Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its stake in shares of GDS Holdings Limited (NASDAQ:GDS - Free Report) by 26.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 898,982 shares of the company's stock after acquiring an additional 188,072 shares during the quarter. Pacer Advisors Inc. owned 0.47% of GDS worth $21,360,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Blue Trust Inc. increased its holdings in GDS by 1,558.3% during the 3rd quarter. Blue Trust Inc. now owns 2,504 shares of the company's stock worth $51,000 after purchasing an additional 2,353 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of GDS in the 3rd quarter valued at approximately $64,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of GDS during the second quarter worth $108,000. Signaturefd LLC raised its stake in GDS by 17.3% in the third quarter. Signaturefd LLC now owns 8,221 shares of the company's stock valued at $168,000 after buying an additional 1,215 shares in the last quarter. Finally, Brookfield Corp ON purchased a new stake in GDS during the 3rd quarter worth about $171,000. 33.71% of the stock is currently owned by institutional investors and hedge funds.

GDS Stock Performance

GDS stock traded down $1.34 on Friday, hitting $21.71. The company's stock had a trading volume of 2,093,997 shares, compared to its average volume of 1,768,993. The stock has a market cap of $4.14 billion, a price-to-earnings ratio of -7.12 and a beta of 0.13. The firm has a 50 day moving average of $21.78 and a two-hundred day moving average of $19.03. 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 $29.17.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GDS. Royal Bank of Canada reissued an "outperform" rating and set a $26.00 target price on shares of GDS in a research report on Wednesday. StockNews.com upgraded shares of GDS from a "sell" rating to a "hold" rating in a research report on Tuesday. Citizens Jmp raised shares of GDS to a "strong-buy" rating in a research report on Monday, January 27th. Finally, JMP Securities initiated coverage on shares of GDS in a research report on Monday, January 27th. They issued an "outperform" rating and a $35.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $22.60.

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.