Northern Trust Corp decreased its holdings in 21Vianet Group Inc (NASDAQ:VNET) by 12.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 72,017 shares of the information technology services provider’s stock after selling 10,214 shares during the quarter. Northern Trust Corp owned approximately 0.06% of 21Vianet Group worth $698,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Jane Street Group LLC bought a new stake in shares of 21Vianet Group in the second quarter worth $104,000. 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 purchasing an additional 11,501 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of 21Vianet Group by 1,127.6% in the second quarter. Tower Research Capital LLC TRC now owns 27,953 shares of the information technology services provider’s stock worth $271,000 after purchasing an additional 25,676 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of 21Vianet Group in the second quarter worth $294,000. Finally, Bank of Montreal Can grew its stake in shares of 21Vianet Group by 52.6% in the second quarter. Bank of Montreal Can now owns 45,491 shares of the information technology services provider’s stock worth $441,000 after purchasing an additional 15,684 shares during the last quarter. 33.27% of the stock is currently owned by institutional investors.
Several analysts recently weighed in on the stock. Zacks Investment Research raised shares of 21Vianet Group from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Saturday, October 27th. BidaskClub cut shares of 21Vianet Group from a “buy” rating to a “hold” rating in a research note on Friday, November 30th. TheStreet raised shares of 21Vianet Group from a “d+” rating to a “c-” rating in a research note on Tuesday, November 13th. Jefferies Financial Group assumed coverage on shares of 21Vianet Group in a research note on Tuesday, October 2nd. They issued a “buy” rating on the stock. Finally, Bank of America assumed coverage on shares of 21Vianet Group in a research note on Tuesday, September 18th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $11.00.
VNET stock opened at $9.70 on Friday. The firm has a market capitalization of $1.06 billion, a P/E ratio of -40.42 and a beta of 1.56. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.55. 21Vianet Group Inc has a 12-month low of $5.01 and a 12-month high of $11.98.
21Vianet Group (NASDAQ:VNET) last released its earnings results on Tuesday, November 20th. The information technology services provider reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $126.68 million for the quarter, compared to analyst estimates of $124.49 million. 21Vianet Group had a net margin of 22.01% and a return on equity of 1.94%. Equities analysts anticipate that 21Vianet Group Inc will post 0.04 earnings per share for the current fiscal 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.
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