FIL Ltd Raises Stock Position in 21Vianet Group Inc (NASDAQ:VNET)

FIL Ltd raised its holdings in 21Vianet Group Inc (NASDAQ:VNET) by 17.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,336,126 shares of the information technology services provider’s stock after buying an additional 932,763 shares during the period. FIL Ltd owned 5.66% of 21Vianet Group worth $50,309,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Quantamental Technologies LLC acquired a new position in shares of 21Vianet Group during the 4th quarter worth about $29,000. Cutler Group LP acquired a new position in 21Vianet Group in the 1st quarter valued at about $38,000. Public Employees Retirement Association of Colorado acquired a new position in 21Vianet Group in the 4th quarter valued at about $54,000. Macquarie Group Ltd. acquired a new position in 21Vianet Group in the 4th quarter valued at about $88,000. Finally, Segantii Capital Management Ltd acquired a new position in 21Vianet Group in the 1st quarter valued at about $109,000. Institutional investors own 38.35% of the company’s stock.

NASDAQ VNET traded up $0.10 during trading on Monday, reaching $7.89. The company’s stock had a trading volume of 147,020 shares, compared to its average volume of 470,463. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.97 and a quick ratio of 1.97. The stock has a market cap of $871.55 million, a price-to-earnings ratio of -32.88 and a beta of 1.19. 21Vianet Group Inc has a 12 month low of $6.60 and a 12 month high of $11.98. The company has a 50 day moving average of $7.62.

21Vianet Group (NASDAQ:VNET) last posted its quarterly earnings data on Thursday, May 16th. The information technology services provider reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.02). The business had revenue of $129.91 million during the quarter, compared to the consensus estimate of $129.55 million. 21Vianet Group had a negative net margin of 6.69% and a negative return on equity of 1.72%. As a group, research analysts anticipate that 21Vianet Group Inc will post -0.05 earnings per share for the current fiscal year.

VNET has been the topic of a number of research reports. BidaskClub upgraded shares of 21Vianet Group from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. Zacks Investment Research lowered shares of 21Vianet Group from a “hold” rating to a “sell” rating in a research note on Saturday, March 9th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. 21Vianet Group has a consensus rating of “Hold” and a consensus price target of $11.00.

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

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