Alberta Investment Management Corp Takes Position in GDS Holdings Limited (NASDAQ:GDS)

Alberta Investment Management Corp purchased a new stake in shares of GDS Holdings Limited (NASDAQ:GDS) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 207,703 shares of the company’s stock, valued at approximately $4,935,000. Alberta Investment Management Corp owned 0.11% of GDS as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Signaturefd LLC increased its position in shares of GDS by 17.3% during the third quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock valued at $168,000 after buying an additional 1,215 shares during the period. Blue Trust Inc. increased its position in shares of GDS by 1,558.3% in the third quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock worth $51,000 after purchasing an additional 2,353 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of GDS by 1.4% in the third quarter. BNP Paribas Financial Markets now owns 182,388 shares of the company’s stock worth $3,721,000 after purchasing an additional 2,543 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of GDS in the third quarter worth approximately $64,000. Finally, Macroview Investment Management LLC increased its position in shares of GDS by 37.4% in the fourth quarter. Macroview Investment Management LLC now owns 18,550 shares of the company’s stock worth $441,000 after purchasing an additional 5,050 shares during the last quarter. 33.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Citizens Jmp upgraded shares of GDS to a “strong-buy” rating in a research report on Monday, January 27th. Royal Bank of Canada restated an “outperform” rating and issued a $26.00 price objective on shares of GDS in a research report on Wednesday, January 29th. StockNews.com upgraded shares of GDS from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. JMP Securities started coverage on GDS in a research note on Monday, January 27th. They issued an “outperform” rating and a $35.00 target price for the company. Finally, Daiwa Capital Markets raised GDS from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 11th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, GDS presently has an average rating of “Buy” and an average price target of $22.60.

GDS Stock Up 5.5 %

Shares of GDS opened at $43.01 on Thursday. The firm has a market cap of $8.20 billion, a P/E ratio of -14.10 and a beta of 0.12. GDS Holdings Limited has a 1 year low of $5.85 and a 1 year high of $45.20. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a 50 day simple moving average of $24.69 and a two-hundred day simple moving average of $20.91.

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.