Hussman Strategic Advisors Inc. purchased a new position in 21Vianet Group Inc (NASDAQ:VNET) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 50,000 shares of the information technology services provider’s stock, valued at approximately $505,000.
Several other hedge funds also recently made changes to their positions in VNET. Jane Street Group LLC bought a new stake in shares of 21Vianet Group in the second quarter worth approximately $104,000. FNY Investment Advisers LLC bought a new stake in shares of 21Vianet Group in the second quarter worth approximately $106,000. Royal Bank of Canada grew its stake in shares of 21Vianet Group by 76.5% in the first quarter. Royal Bank of Canada now owns 26,533 shares of the information technology services provider’s stock worth $183,000 after acquiring an additional 11,501 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of 21Vianet Group in the third quarter worth approximately $195,000. Finally, Virtu Financial LLC grew its stake in shares of 21Vianet Group by 34.6% in the second quarter. Virtu Financial LLC now owns 20,857 shares of the information technology services provider’s stock worth $202,000 after acquiring an additional 5,357 shares during the period. Hedge funds and other institutional investors own 30.64% of the company’s stock.
Shares of NASDAQ VNET opened at $11.07 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.38 and a quick ratio of 2.38. The company has a market cap of $1.07 billion, a P/E ratio of -46.13 and a beta of 1.95. 21Vianet Group Inc has a 12-month low of $5.01 and a 12-month high of $11.54.
21Vianet Group (NASDAQ:VNET) last announced its earnings results on Thursday, August 16th. The information technology services provider reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The company had revenue of $125.18 million during the quarter. 21Vianet Group had a negative net margin of 18.44% and a positive return on equity of 2.05%. Equities research analysts anticipate that 21Vianet Group Inc will post 0.06 EPS for the current year.
A number of analysts have recently commented on VNET shares. BidaskClub upgraded shares of 21Vianet Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 14th. Zacks Investment Research lowered shares of 21Vianet Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 18th. Jefferies Financial Group started coverage on shares of 21Vianet Group in a research note on Tuesday, October 2nd. They issued a “buy” rating for the company. Finally, Bank of America assumed coverage on shares of 21Vianet Group in a research note on Tuesday, September 18th. They issued a “buy” rating for the company. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $11.00.
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.
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