Pacer Advisors Inc. Has $13.30 Million Stock Position in GDS Holdings (NASDAQ:GDS)

Pacer Advisors Inc. trimmed its stake in GDS Holdings (NASDAQ:GDS - Free Report) by 41.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 525,107 shares of the company's stock after selling 373,875 shares during the quarter. Pacer Advisors Inc. owned 0.28% of GDS worth $13,301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Wells Fargo & Company MN boosted its stake in shares of GDS by 1,904.2% during the 4th quarter. Wells Fargo & Company MN now owns 3,788 shares of the company's stock valued at $90,000 after buying an additional 3,599 shares during the period. LPL Financial LLC acquired a new stake in GDS during the fourth quarter valued at $310,000. Amiral Gestion purchased a new position in GDS in the fourth quarter valued at about $333,000. APEIRON CAPITAL Ltd acquired a new position in GDS in the 1st quarter worth about $382,000. Finally, Bank of Montreal Can acquired a new position in GDS in the 4th quarter worth about $428,000. 33.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. JMP Securities restated a "market outperform" rating and issued a $40.00 price objective on shares of GDS in a report on Wednesday, May 21st. Wall Street Zen upgraded shares of GDS from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Daiwa Capital Markets reaffirmed a "buy" rating on shares of GDS in a research note on Wednesday, May 28th. JPMorgan Chase & Co. upgraded shares of GDS from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $34.00 to $46.00 in a report on Wednesday, July 16th. Finally, BMO Capital Markets upgraded GDS to a "market perform" rating in a report on Wednesday, July 16th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, GDS presently has an average rating of "Buy" and a consensus price target of $40.57.

GDS Trading Up 2.1%

Shares of NASDAQ:GDS opened at $36.78 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.47 and a current ratio of 1.47. The stock's 50-day moving average is $29.92 and its 200-day moving average is $28.65. The company has a market cap of $7.01 billion, a P/E ratio of 11.28 and a beta of 0.31. GDS Holdings has a 52-week low of $9.88 and a 52-week high of $52.50.

GDS (NASDAQ:GDS - Get Free Report) last released its earnings results on Tuesday, May 20th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.22) by $0.70. The firm had revenue of $375.14 million for the quarter, compared to analyst estimates of $2.72 billion. GDS had a return on equity of 0.78% and a net margin of 39.90%. The company's revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the firm posted ($1.96) EPS. Equities research analysts predict that GDS Holdings will post -0.89 earnings per share for the current year.

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.

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