Scientech Research LLC Invests $852,000 in GDS Holdings $GDS

Scientech Research LLC acquired a new position in shares of GDS Holdings (NASDAQ:GDS - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 33,636 shares of the company's stock, valued at approximately $852,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group raised its position in GDS by 2,390.0% in the first quarter. Brooklyn Investment Group now owns 996 shares of the company's stock valued at $25,000 after purchasing an additional 956 shares during the period. Advisors Asset Management Inc. acquired a new stake in shares of GDS in the first quarter valued at $25,000. NewEdge Advisors LLC acquired a new stake in shares of GDS in the first quarter valued at $25,000. Summit Securities Group LLC acquired a new stake in shares of GDS in the first quarter valued at $26,000. Finally, Wells Fargo & Company MN grew its stake in shares of GDS by 1,904.2% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 33.71% of the company's stock.

GDS Trading Down 0.8%

Shares of GDS stock traded down $0.29 during mid-day trading on Friday, hitting $38.21. 4,406,279 shares of the company's stock were exchanged, compared to its average volume of 2,755,798. GDS Holdings has a fifty-two week low of $15.91 and a fifty-two week high of $52.50. The stock has a 50-day simple moving average of $34.75 and a two-hundred day simple moving average of $29.97. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 1.71. The stock has a market cap of $7.28 billion, a price-to-earnings ratio of 11.30 and a beta of 0.34.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on GDS shares. JMP Securities upped their price objective on GDS from $40.00 to $50.00 and gave the stock a "market outperform" rating in a research report on Thursday, August 21st. Daiwa Capital Markets reissued a "buy" rating on shares of GDS in a report on Wednesday, May 28th. JPMorgan Chase & Co. raised GDS from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $34.00 to $46.00 in a report on Wednesday, July 16th. Wall Street Zen raised GDS from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, Zacks Research downgraded GDS from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, GDS currently has an average rating of "Moderate Buy" and an average price target of $46.93.

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.