Pacer Advisors Inc. Reduces Holdings in GDS Holdings $GDS

Pacer Advisors Inc. trimmed its holdings in shares of GDS Holdings (NASDAQ:GDSFree Report) by 58.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 209,952 shares of the company’s stock after selling 296,990 shares during the quarter. Pacer Advisors Inc.’s holdings in GDS were worth $7,327,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC raised its position in GDS by 3.5% in the fourth quarter. Parallel Advisors LLC now owns 6,901 shares of the company’s stock worth $241,000 after acquiring an additional 236 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of GDS by 4.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,809 shares of the company’s stock worth $407,000 after acquiring an additional 421 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of GDS by 3.0% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 15,955 shares of the company’s stock valued at $557,000 after acquiring an additional 468 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of GDS by 41.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company’s stock valued at $55,000 after acquiring an additional 531 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of GDS by 11.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 5,824 shares of the company’s stock worth $203,000 after purchasing an additional 577 shares in the last quarter. 33.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Wall Street Zen raised GDS from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Zacks Research raised GDS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 16th. Weiss Ratings upgraded GDS from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Morgan Stanley reaffirmed an “overweight” rating and issued a $64.00 price objective on shares of GDS in a research note on Tuesday, March 17th. Finally, Piper Sandler set a $36.00 price objective on GDS in a research report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $48.04.

Check Out Our Latest Stock Analysis on GDS

Insiders Place Their Bets

In other news, Director Judy Qing Ye sold 37,394 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $36.21, for a total value of $1,354,036.74. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Yixin Qian sold 10,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $35.25, for a total value of $352,500.00. Following the completion of the transaction, the vice president owned 66,865 shares in the company, valued at $2,356,991.25. The trade was a 13.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 7.99% of the company’s stock.

GDS Stock Performance

GDS opened at $31.48 on Monday. The company has a 50 day simple moving average of $39.22 and a two-hundred day simple moving average of $40.21. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.87 and a quick ratio of 1.87. The firm has a market cap of $6.31 billion, a P/E ratio of 20.05 and a beta of 0.39. GDS Holdings has a 1-year low of $26.50 and a 1-year high of $48.61.

GDS (NASDAQ:GDSGet Free Report) last announced its quarterly earnings data on Friday, May 15th. The company reported $1.53 EPS for the quarter, beating the consensus estimate of ($0.03) by $1.56. GDS had a net margin of 23.83% and a return on equity of 15.62%. The firm had revenue of $426.12 million for the quarter, compared to the consensus estimate of $436.44 million. During the same period last year, the firm earned $3.47 EPS. The company’s revenue was up 23.7% on a year-over-year basis. Equities analysts forecast that GDS Holdings will post 5.65 earnings per share for the current fiscal year.

GDS Company Profile

(Free Report)

GDS Holdings Limited, founded in 2001 and headquartered in Shanghai, is a leading network-neutral data center services provider in China. The company operates a portfolio of state-of-the-art data center facilities designed to support the mission-critical IT infrastructure of cloud service providers, internet enterprises, financial institutions, and government entities. GDS was among the first Chinese providers to offer high-density colocation solutions, catering to customers with demanding computing and storage requirements.

GDS specializes in delivering scalable colocation, cross-connect, and interconnection services within its facilities, enabling clients to establish high-speed, low-latency connections to major cloud platforms and internet exchange points.

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Institutional Ownership by Quarter for GDS (NASDAQ:GDS)

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