Pacer Advisors Inc. Takes $6.95 Million Position in GDS Holdings Limited (NASDAQ:GDS)

Pacer Advisors Inc. acquired a new stake in GDS Holdings Limited (NASDAQ:GDS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 762,256 shares of the company’s stock, valued at approximately $6,952,000. Pacer Advisors Inc. owned approximately 0.40% of GDS at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in GDS. Goldman Sachs Group Inc. boosted its holdings in shares of GDS by 68.1% in the first quarter. Goldman Sachs Group Inc. now owns 3,722,047 shares of the company’s stock valued at $146,090,000 after acquiring an additional 1,507,914 shares in the last quarter. Bank of America Corp DE boosted its holdings in GDS by 366.6% during the fourth quarter. Bank of America Corp DE now owns 1,562,795 shares of the company’s stock worth $32,225,000 after buying an additional 1,227,878 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in GDS by 76.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,630,386 shares of the company’s stock worth $17,853,000 after buying an additional 707,149 shares in the last quarter. FMR LLC boosted its holdings in GDS by 511.3% during the second quarter. FMR LLC now owns 711,232 shares of the company’s stock worth $23,748,000 after buying an additional 594,881 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in GDS during the first quarter worth approximately $8,292,000. 33.71% of the stock is currently owned by institutional investors.

GDS Trading Up 2.9 %

Shares of NASDAQ:GDS opened at $6.33 on Thursday. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of -5.97 and a beta of 0.41. GDS Holdings Limited has a 1-year low of $5.01 and a 1-year high of $20.78. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.52 and a current ratio of 1.52. The company has a 50 day moving average price of $6.62 and a 200 day moving average price of $8.74.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of GDS to a “sell” rating in a report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $18.58.

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.