GDS (NASDAQ:GDS – Get Free Report) was upgraded by research analysts at Citizens Jmp to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.
Other equities analysts have also issued research reports about the stock. JMP Securities initiated coverage on shares of GDS in a research report on Monday. They set an “outperform” rating and a $35.00 target price for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $26.00 price objective on shares of GDS in a report on Thursday, December 5th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $22.60.
GDS Stock Performance
Hedge Funds Weigh In On GDS
Large investors have recently modified their holdings of the company. Bamco Inc. NY boosted 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 valued at $123,227,000 after purchasing an additional 3,397,592 shares during the period. Sachem Head Capital Management LP raised its position 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 bought a new stake in GDS during the third quarter valued at $27,212,000. Portolan Capital Management LLC purchased a new position in GDS during the third quarter worth about $26,572,000. Finally, Pacer Advisors Inc. increased its stake in GDS by 26.5% in the 4th quarter. Pacer Advisors Inc. now owns 898,982 shares of the company’s stock worth $21,360,000 after acquiring an additional 188,072 shares during the last quarter. 33.71% of the stock is currently owned by institutional investors.
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.
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