StockNews.com Upgrades GDS (NASDAQ:GDS) to “Hold”

GDS (NASDAQ:GDS) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

GDS has been the topic of a number of other reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $26.00 price objective on shares of GDS in a report on Thursday, December 5th. JMP Securities assumed coverage on shares of GDS in a research report on Monday. They set an “outperform” rating and a $35.00 price target on the stock. Finally, Citizens Jmp raised GDS to a “strong-buy” rating in a research report on Monday. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $22.60.

GDS Stock Up 3.4 %

Shares of GDS stock traded up $0.72 during trading on Tuesday, reaching $21.96. The stock had a trading volume of 1,154,763 shares, compared to its average volume of 1,924,771. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25. The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of -7.20 and a beta of 0.13. GDS has a 52 week low of $5.01 and a 52 week high of $29.17. The stock has a fifty day moving average price of $21.49 and a two-hundred day moving average price of $18.83.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GDS. Bamco Inc. NY grew its position in shares of GDS by 128.6% during the 3rd 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 in the last quarter. Sachem Head Capital Management LP boosted its stake in shares of GDS by 161.6% in the third quarter. Sachem Head Capital Management LP now owns 2,825,000 shares of the company’s stock valued at $57,630,000 after buying an additional 1,745,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in GDS during the third quarter worth approximately $27,212,000. Portolan Capital Management LLC bought a new position in GDS during the 3rd quarter worth $26,572,000. Finally, JPMorgan Chase & Co. raised its holdings in GDS by 7,553.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 610,821 shares of the company’s stock valued at $12,461,000 after acquiring an additional 602,840 shares in the last quarter. 33.71% of the stock is owned by institutional investors and hedge funds.

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.