Dimensional Fund Advisors LP cut its holdings in shares of 21Vianet Group Inc (NASDAQ:VNET) by 7.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,000,589 shares of the information technology services provider’s stock after selling 86,383 shares during the period. Dimensional Fund Advisors LP’s holdings in 21Vianet Group were worth $8,646,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Millennium Management LLC lifted its position in shares of 21Vianet Group by 324.8% during the 4th quarter. Millennium Management LLC now owns 737,052 shares of the information technology services provider’s stock valued at $6,368,000 after acquiring an additional 563,529 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in shares of 21Vianet Group during the 4th quarter valued at $88,000. Sylebra HK Co Ltd lifted its position in shares of 21Vianet Group by 150.6% during the 4th quarter. Sylebra HK Co Ltd now owns 746,662 shares of the information technology services provider’s stock valued at $6,451,000 after acquiring an additional 448,672 shares during the last quarter. Two Sigma Advisers LP lifted its position in shares of 21Vianet Group by 55.0% during the 4th quarter. Two Sigma Advisers LP now owns 140,100 shares of the information technology services provider’s stock valued at $1,210,000 after acquiring an additional 49,700 shares during the last quarter. Finally, Two Sigma Investments LP lifted its position in shares of 21Vianet Group by 28.0% during the 4th quarter. Two Sigma Investments LP now owns 312,922 shares of the information technology services provider’s stock valued at $2,704,000 after acquiring an additional 68,379 shares during the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.
Shares of NASDAQ:VNET opened at $6.98 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.97 and a current ratio of 1.97. 21Vianet Group Inc has a 12-month low of $6.94 and a 12-month high of $11.98. The firm has a market cap of $820.09 million, a price-to-earnings ratio of -29.08 and a beta of 1.18.
21Vianet Group (NASDAQ:VNET) last announced its earnings results on Thursday, May 16th. The information technology services provider reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.02). 21Vianet Group had a negative net margin of 6.69% and a negative return on equity of 1.72%. The firm had revenue of $129.91 million for the quarter, compared to analyst estimates of $129.55 million. On average, sell-side analysts forecast that 21Vianet Group Inc will post -0.05 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on VNET shares. Zacks Investment Research upgraded 21Vianet Group from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 11th. BidaskClub raised shares of 21Vianet Group from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. 21Vianet Group currently has a consensus rating of “Hold” and an average target price of $11.00.
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About 21Vianet Group
21Vianet Group, Inc provides carrier and cloud-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.
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