Barclays PLC Sells 144,586 Shares of GDS Holdings Limited (NASDAQ:GDS)

Barclays PLC reduced its position in GDS Holdings Limited (NASDAQ:GDS) by 64.6% in the third quarter, HoldingsChannel.com reports. The firm owned 79,376 shares of the company’s stock after selling 144,586 shares during the period. Barclays PLC’s holdings in GDS were worth $1,620,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GDS. Bamco Inc. NY lifted its holdings in GDS by 128.6% in 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. Baupost Group LLC MA raised its position in shares of GDS by 63.5% during the second quarter. Baupost Group LLC MA now owns 4,249,952 shares of the company’s stock valued at $39,482,000 after buying an additional 1,649,952 shares during the last quarter. Sachem Head Capital Management LP lifted its holdings 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 worth $57,630,000 after buying an additional 1,745,000 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of GDS in the third quarter worth $27,212,000. Finally, Portolan Capital Management LLC bought a new position in shares of GDS during the third quarter worth $26,572,000. 33.71% of the stock is owned by hedge funds and other institutional investors.

GDS Stock Performance

GDS stock opened at $26.75 on Friday. The company’s 50-day moving average price is $21.58 and its 200-day moving average price is $17.89. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25. The company has a market cap of $5.10 billion, a PE ratio of -8.77 and a beta of 0.13. GDS Holdings Limited has a twelve month low of $5.01 and a twelve month high of $29.17.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reiterated an “outperform” rating and issued a $26.00 price target on shares of GDS in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, GDS presently has a consensus rating of “Moderate Buy” and an average target price of $18.47.

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.