GDS (NASDAQ:GDS) Upgraded by StockNews.com to “Hold” Rating

StockNews.com upgraded shares of GDS (NASDAQ:GDS) from a sell rating to a hold rating in a report published on Tuesday morning.

A number of other equities analysts have also recently issued reports on the stock. Citizens Jmp upgraded shares of GDS to a “strong-buy” rating in a research report on Monday. JMP Securities initiated coverage on GDS in a research report on Monday. They issued an “outperform” rating and a $35.00 price objective on the stock. Finally, Royal Bank of Canada restated an “outperform” rating and set a $26.00 target price on shares of GDS in a report on Thursday, December 5th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $22.60.

GDS Stock Up 1.7 %

Shares of GDS stock opened at $23.05 on Tuesday. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19. GDS has a 52-week low of $5.01 and a 52-week high of $29.17. The company’s 50 day moving average price is $21.62 and its 200-day moving average price is $18.93. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of -7.56 and a beta of 0.13.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Bamco Inc. NY grew its stake in GDS by 128.6% in the third quarter. Bamco Inc. NY now owns 6,040,555 shares of the company’s stock worth $123,227,000 after purchasing an additional 3,397,592 shares during the period. Sachem Head Capital Management LP grew its position in shares of GDS by 161.6% in the 3rd quarter. Sachem Head Capital Management LP now owns 2,825,000 shares of the company’s stock worth $57,630,000 after buying an additional 1,745,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of GDS in the 3rd quarter worth about $27,212,000. Portolan Capital Management LLC purchased a new position in GDS during the 3rd quarter valued at about $26,572,000. Finally, Pacer Advisors Inc. boosted its stake in GDS by 26.5% during the fourth quarter. Pacer Advisors Inc. now owns 898,982 shares of the company’s stock worth $21,360,000 after acquiring an additional 188,072 shares in the last quarter. Institutional investors own 33.71% of the company’s stock.

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.