Wealth Enhancement Advisory Services LLC Purchases New Holdings in GDS Holdings $GDS

Wealth Enhancement Advisory Services LLC purchased a new stake in GDS Holdings (NASDAQ:GDS) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 10,000 shares of the company’s stock, valued at approximately $306,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA increased its position in GDS by 0.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,177,503 shares of the company’s stock valued at $29,826,000 after acquiring an additional 10,838 shares during the period. Aberdeen Group plc increased its position in GDS by 39.4% in the 1st quarter. Aberdeen Group plc now owns 390,147 shares of the company’s stock valued at $9,691,000 after acquiring an additional 110,347 shares during the period. Royal Bank of Canada increased its position in GDS by 30.7% in the 1st quarter. Royal Bank of Canada now owns 379,289 shares of the company’s stock valued at $9,608,000 after acquiring an additional 89,059 shares during the period. Nuveen LLC acquired a new position in GDS during the 1st quarter worth approximately $8,858,000. Finally, Citigroup Inc. increased its position in GDS by 804.9% during the 1st quarter. Citigroup Inc. now owns 293,556 shares of the company’s stock worth $7,436,000 after purchasing an additional 261,117 shares during the period. Institutional investors and hedge funds own 33.71% of the company’s stock.

GDS Stock Performance

GDS opened at $37.84 on Thursday. The stock has a market cap of $7.21 billion, a P/E ratio of 11.20 and a beta of 0.36. The company has a debt-to-equity ratio of 1.71, a current ratio of 2.00 and a quick ratio of 2.00. The stock’s 50 day simple moving average is $36.14 and its 200 day simple moving average is $30.47. GDS Holdings has a 1-year low of $16.92 and a 1-year high of $52.50.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GDS. Weiss Ratings reiterated a “hold (c-)” rating on shares of GDS in a research report on Wednesday. BMO Capital Markets upgraded GDS to a “market perform” rating in a research report on Wednesday, July 16th. Zacks Research cut GDS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. Bank of America boosted their target price on GDS from $47.60 to $50.60 and gave the stock a “buy” rating in a research report on Friday, August 22nd. Finally, JPMorgan Chase & Co. upgraded GDS from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $34.00 to $46.00 in a research report on Wednesday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $46.93.

GDS 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.