Pacer Advisors Inc. Lowers Holdings in GDS Holdings Limited (NASDAQ:GDS)

Pacer Advisors Inc. trimmed its stake in GDS Holdings Limited (NASDAQ:GDS - Free Report) by 16.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 710,910 shares of the company's stock after selling 138,658 shares during the quarter. Pacer Advisors Inc. owned 0.37% of GDS worth $14,503,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC grew its position in GDS by 17.3% in the 3rd 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 period. 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. Creative Planning increased its position in GDS by 10.3% during the second quarter. Creative Planning now owns 99,850 shares of the company's stock valued at $928,000 after acquiring an additional 9,332 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in GDS in the second quarter valued at about $108,000. Finally, Central Asset Investments & Management Holdings HK Ltd purchased a new position in GDS in the third quarter worth about $245,000. 33.71% of the stock is currently owned by institutional investors.

GDS Stock Down 0.5 %

GDS stock traded down $0.09 during midday trading on Friday, hitting $18.31. The stock had a trading volume of 2,494,088 shares, compared to its average volume of 1,580,297. GDS Holdings Limited has a 52-week low of $5.01 and a 52-week high of $24.74. The firm's fifty day moving average is $21.09 and its two-hundred day moving average is $14.67. The company has a current ratio of 1.19, a quick ratio of 1.39 and a debt-to-equity ratio of 2.25.

GDS (NASDAQ:GDS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 21st. The company reported ($0.18) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.25) by $0.07. GDS had a negative net margin of 35.97% and a negative return on equity of 8.22%. The firm had revenue of $388.92 million during the quarter, compared to analysts' expectations of $384.14 million. On average, equities analysts expect that GDS Holdings Limited will post -1.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GDS has been the subject of several research reports. Nomura Securities raised shares of GDS to a "strong-buy" rating in a research report on Monday, August 26th. Royal Bank of Canada upped their target price on shares of GDS from $14.00 to $26.00 and gave the company an "outperform" rating in a report on Monday, October 14th. Finally, Bank of America lifted their price target 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, GDS has an average rating of "Moderate Buy" and an average price target of $18.29.

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.