Penserra Capital Management LLC Sells 18,526 Shares of GDS Holdings Limited (NASDAQ:GDS)

Penserra Capital Management LLC lowered its position in GDS Holdings Limited (NASDAQ:GDS) by 27.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,826 shares of the company’s stock after selling 18,526 shares during the period. Penserra Capital Management LLC’s holdings in GDS were worth $1,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Baupost Group LLC MA increased its stake in GDS by 63.5% in the 2nd quarter. Baupost Group LLC MA now owns 4,249,952 shares of the company’s stock worth $39,482,000 after buying an additional 1,649,952 shares during the period. Farallon Capital Management LLC purchased a new position in shares of GDS during the first quarter worth approximately $4,722,000. Swedbank AB purchased a new position in shares of GDS during the first quarter worth approximately $2,174,000. Cubist Systematic Strategies LLC raised its stake in shares of GDS by 921.7% during the second quarter. Cubist Systematic Strategies LLC now owns 112,568 shares of the company’s stock valued at $1,046,000 after acquiring an additional 126,268 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of GDS by 17.3% in the second quarter. Pacer Advisors Inc. now owns 849,568 shares of the company’s stock valued at $7,892,000 after purchasing an additional 125,395 shares during the period. Hedge funds and other institutional investors own 33.71% of the company’s stock.

GDS Stock Down 2.5 %

GDS stock opened at $18.25 on Wednesday. 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 firm has a market cap of $3.48 billion, a P/E ratio of -5.98 and a beta of 0.23. The business has a fifty day moving average of $21.15 and a two-hundred day moving average of $14.90. GDS Holdings Limited has a twelve month low of $5.01 and a twelve month high of $24.74.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Nomura Securities upgraded GDS to a “strong-buy” rating in a report on Monday, August 26th. Royal Bank of Canada raised their price target on GDS from $14.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, Bank of America upped their price objective on shares of GDS from $12.40 to $22.40 and gave the stock a “buy” rating in a research note on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.47.

GDS Company 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.