PEAK6 Investments L.P. Lowers Holdings in 21Vianet Group (NASDAQ:VNET)

PEAK6 Investments L.P. cut its holdings in 21Vianet Group (NASDAQ:VNET) by 57.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,929 shares of the information technology services provider’s stock after selling 51,715 shares during the period. PEAK6 Investments L.P.’s holdings in 21Vianet Group were worth $303,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of VNET. Public Employees Retirement System of Ohio boosted its stake in shares of 21Vianet Group by 19.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 30,300 shares of the information technology services provider’s stock worth $152,000 after purchasing an additional 5,000 shares during the period. Fox Run Management L.L.C. boosted its stake in shares of 21Vianet Group by 73.5% during the 4th quarter. Fox Run Management L.L.C. now owns 19,775 shares of the information technology services provider’s stock worth $158,000 after purchasing an additional 8,375 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of 21Vianet Group by 125.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 28,269 shares of the information technology services provider’s stock worth $226,000 after purchasing an additional 15,716 shares during the period. Granite Point Capital Management L.P. boosted its stake in shares of 21Vianet Group by 55.7% during the 4th quarter. Granite Point Capital Management L.P. now owns 33,486 shares of the information technology services provider’s stock worth $267,000 after purchasing an additional 11,986 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of 21Vianet Group by 19.8% during the 4th quarter. Geode Capital Management LLC now owns 40,713 shares of the information technology services provider’s stock worth $324,000 after purchasing an additional 6,728 shares during the period. Hedge funds and other institutional investors own 25.64% of the company’s stock.

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VNET has been the subject of a number of recent analyst reports. BidaskClub cut shares of 21Vianet Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 18th. ValuEngine cut shares of 21Vianet Group from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research raised shares of 21Vianet Group from a “hold” rating to a “buy” rating and set a $9.25 price target for the company in a research note on Wednesday, March 14th.

Shares of VNET stock traded down $0.36 during trading hours on Friday, reaching $6.30. 215,642 shares of the stock were exchanged, compared to its average volume of 311,268. 21Vianet Group has a 12-month low of $4.17 and a 12-month high of $9.59. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 0.52. The stock has a market cap of $743.59, a PE ratio of -26.25 and a beta of 1.69.

21Vianet Group (NASDAQ:VNET) last released its quarterly earnings data on Monday, March 12th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.18. The company had revenue of $117.70 million during the quarter. 21Vianet Group had a negative net margin of 22.28% and a negative return on equity of 1.12%. sell-side analysts forecast that 21Vianet Group will post -0.19 EPS for the current year.

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21Vianet Group Profile

21Vianet Group, Inc provides carrier-neutral Internet data center services to Internet companies, government entities, blue-chip enterprises, and small-to mid-sized enterprises in the People's Republic of China. It offers hosting and related services to house servers and networking equipment in its data centers, and connects them through a data transmission network; and other hosting related value-added services.

Institutional Ownership by Quarter for 21Vianet Group (NASDAQ:VNET)

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