Pacer Advisors Inc. Sells 138,658 Shares of GDS Holdings Limited (NASDAQ:GDS)

Pacer Advisors Inc. trimmed its holdings in shares of GDS Holdings Limited (NASDAQ:GDS) by 16.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 710,910 shares of the company’s stock after selling 138,658 shares during the period. Pacer Advisors Inc.’s holdings in GDS were worth $14,503,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Blue Trust Inc. raised its position in shares of GDS by 1,558.3% during the 3rd quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock valued at $51,000 after acquiring an additional 2,353 shares during the last quarter. Signaturefd LLC grew its stake in shares of GDS by 17.3% during the third 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. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of GDS during the second quarter worth $108,000. Central Asset Investments & Management Holdings HK Ltd bought a new stake in GDS in the third quarter valued at about $245,000. Finally, Macroview Investment Management LLC acquired a new position in GDS in the third quarter valued at about $275,000. 33.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on GDS. Bank of America upped their price target on GDS from $12.40 to $22.40 and gave the company a “buy” rating in a research note on Tuesday, August 27th. Nomura Securities upgraded shares of GDS to a “strong-buy” rating in a report on Monday, August 26th. Finally, Royal Bank of Canada increased their target price on shares of GDS from $14.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.29.

GDS Price Performance

Shares of GDS opened at $18.31 on Friday. The stock has a 50 day simple moving average of $21.09 and a 200 day simple moving average of $14.67. GDS Holdings Limited has a 52-week low of $5.01 and a 52-week high of $24.74. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market capitalization of $3.49 billion, a PE ratio of -6.00 and a beta of 0.23.

GDS (NASDAQ:GDS) last released its quarterly earnings results on Wednesday, August 21st. The company reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.25) by $0.07. GDS had a negative net margin of 35.97% and a negative return on equity of 8.28%. The company had revenue of $388.92 million during the quarter, compared to analysts’ expectations of $384.14 million. Sell-side analysts predict that GDS Holdings Limited will post -1.14 EPS for the current fiscal year.

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.