Healthcare of Ontario Pension Plan Trust Fund Invests $27.21 Million in GDS Holdings Limited (NASDAQ:GDS)

Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of GDS Holdings Limited (NASDAQ:GDS) during the third quarter, HoldingsChannel reports. The institutional investor bought 1,333,900 shares of the company’s stock, valued at approximately $27,212,000.

A number of other institutional investors have also made changes to their positions in GDS. Swedbank AB acquired a new position in shares of GDS during the first quarter worth $2,174,000. Farallon Capital Management LLC acquired a new position in shares of GDS during the first quarter worth $4,722,000. Headlands Technologies LLC acquired a new position in shares of GDS during the second quarter worth $256,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of GDS during the second quarter worth $108,000. Finally, Pacer Advisors Inc. lifted its position in shares of GDS by 17.3% during the second quarter. Pacer Advisors Inc. now owns 849,568 shares of the company’s stock worth $7,892,000 after purchasing an additional 125,395 shares in the last quarter. 33.71% of the stock is owned by institutional investors and hedge funds.

GDS Stock Up 7.1 %

Shares of NASDAQ:GDS opened at $19.54 on Thursday. 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 fifty day simple moving average of $21.20 and a 200 day simple moving average of $14.93. The firm has a market cap of $3.72 billion, a PE ratio of -6.41 and a beta of 0.23. GDS Holdings Limited has a 12-month low of $5.01 and a 12-month high of $24.74.

Analysts Set New Price Targets

A number of research firms have recently commented on GDS. Bank of America boosted their target price on shares of GDS from $12.40 to $22.40 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Nomura Securities upgraded shares of GDS to a “strong-buy” rating in a research note on Monday, August 26th. Finally, Royal Bank of Canada lifted their price target on shares of GDS from $14.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.47.

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.