Separately, Zacks Investment Research upgraded shares of 21Vianet Group from a strong sell rating to a hold rating in a research note on Saturday, May 11th. Two 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 currently has a consensus rating of Hold and a consensus target price of $11.00.
NASDAQ VNET traded down $0.30 during trading on Wednesday, reaching $6.68. The company’s stock had a trading volume of 1,521,000 shares, compared to its average volume of 488,161. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $808.90 million, a PE ratio of -27.83 and a beta of 1.18. 21Vianet Group has a 1-year low of $6.60 and a 1-year high of $11.98.
21Vianet Group (NASDAQ:VNET) last released its quarterly earnings results on Thursday, May 16th. The information technology services provider reported $0.01 EPS for the quarter, missing the Zacks’ 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 during the quarter, compared to the consensus estimate of $129.55 million. As a group, equities analysts anticipate that 21Vianet Group will post -0.05 EPS for the current year.
Hedge funds have recently modified their holdings of the business. Segantii Capital Management Ltd bought a new position in shares of 21Vianet Group in the 1st quarter worth approximately $109,000. Millennium Management LLC increased its position in shares of 21Vianet Group by 324.8% during the fourth quarter. Millennium Management LLC now owns 737,052 shares of the information technology services provider’s stock worth $6,368,000 after purchasing an additional 563,529 shares in the last quarter. AQR Capital Management LLC increased its position in shares of 21Vianet Group by 379.6% during the third quarter. AQR Capital Management LLC now owns 78,714 shares of the information technology services provider’s stock worth $795,000 after purchasing an additional 62,300 shares in the last quarter. Two Sigma Advisers LP increased its position in shares of 21Vianet Group by 55.0% during the fourth quarter. Two Sigma Advisers LP now owns 140,100 shares of the information technology services provider’s stock worth $1,210,000 after purchasing an additional 49,700 shares in the last quarter. Finally, We Are One Seven LLC acquired a new position in shares of 21Vianet Group during the fourth quarter worth $26,000. Institutional investors and hedge funds own 38.43% of the company’s stock.
21Vianet Group Company Profile
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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