Pacer Advisors Inc. Sells 296,990 Shares of GDS Holdings $GDS

Pacer Advisors Inc. cut its position in GDS Holdings (NASDAQ:GDS) by 58.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 209,952 shares of the company’s stock after selling 296,990 shares during the period. Pacer Advisors Inc. owned approximately 0.11% of GDS worth $7,327,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. purchased a new stake in shares of GDS during the first quarter valued at approximately $25,000. NewEdge Advisors LLC purchased a new position in GDS in the 1st quarter worth approximately $25,000. Assetmark Inc. lifted its position in GDS by 1,123.2% in the 3rd quarter. Assetmark Inc. now owns 685 shares of the company’s stock valued at $27,000 after acquiring an additional 629 shares in the last quarter. Leonteq Securities AG bought a new position in GDS in the 4th quarter valued at approximately $34,000. Finally, EverSource Wealth Advisors LLC boosted its stake in 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 purchasing an additional 531 shares during the last quarter. Institutional investors own 33.71% of the company’s stock.

Insiders Place Their Bets

In related news, Director Judy Qing Ye sold 37,394 shares of GDS stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Yixin Qian sold 10,000 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $35.25, for a total value of $352,500.00. Following the sale, the vice president owned 66,865 shares of the company’s stock, valued at approximately $2,356,991.25. This trade represents a 13.01% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 7.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on GDS. Zacks Research raised GDS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 16th. Wall Street Zen raised GDS from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Morgan Stanley reaffirmed an “overweight” rating and set a $64.00 price objective on shares of GDS in a research report on Tuesday, March 17th. Piper Sandler set a $36.00 price objective on GDS in a report on Thursday, May 21st. Finally, TD Cowen decreased their target price on GDS from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $48.04.

GDS Price Performance

Shares of GDS stock opened at $31.48 on Monday. GDS Holdings has a twelve month low of $26.50 and a twelve month high of $48.61. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 1.25. The company’s 50 day moving average is $39.22 and its 200 day moving average is $40.21. The company has a market cap of $6.31 billion, a price-to-earnings ratio of 20.05 and a beta of 0.39.

GDS (NASDAQ:GDS) last posted its earnings results on Friday, May 15th. The company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $1.56. The business had revenue of $426.12 million during the quarter, compared to the consensus estimate of $436.44 million. GDS had a net margin of 23.83% and a return on equity of 15.62%. The firm’s revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.47 EPS. Research analysts anticipate that GDS Holdings will post 5.65 EPS for the current year.

About GDS

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.