Kassirer Asset Management Corp acquired a new stake in shares of 21Vianet Group Inc. (NASDAQ:VNET) during the second quarter, Holdings Channel reports. The institutional investor acquired 10,000 shares of the company’s stock, valued at approximately $102,000.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its stake in shares of 21Vianet Group by 17.3% in the first quarter. Geode Capital Management LLC now owns 21,980 shares of the company’s stock worth $438,000 after buying an additional 3,240 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of 21Vianet Group by 764.6% in the first quarter. Renaissance Technologies LLC now owns 640,700 shares of the company’s stock worth $12,795,000 after buying an additional 566,600 shares during the last quarter. Tairen Capital Ltd boosted its stake in shares of 21Vianet Group by 631.7% in the first quarter. Tairen Capital Ltd now owns 468,300 shares of the company’s stock worth $9,352,000 after buying an additional 404,300 shares during the last quarter. Opera Trading Capital acquired a new stake in shares of 21Vianet Group during the first quarter worth approximately $549,000. Finally, BlackRock Inc. boosted its stake in shares of 21Vianet Group by 2.5% in the first quarter. BlackRock Inc. now owns 17,482 shares of the company’s stock worth $349,000 after buying an additional 421 shares during the last quarter. Institutional investors own 28.57% of the company’s stock.
21Vianet Group Inc. (NASDAQ:VNET) traded down 1.49% on Friday, reaching $7.95. 820,562 shares of the company traded hands. 21Vianet Group Inc. has a 12 month low of $7.95 and a 12 month high of $21.32. The company’s market capitalization is $905.10 million. The company has a 50-day moving average price of $8.89 and a 200-day moving average price of $13.30.
21Vianet Group (NASDAQ:VNET) last announced its quarterly earnings data on Tuesday, August 16th. The company reported ($0.17) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by $0.08. 21Vianet Group had a negative net margin of 11.56% and a negative return on equity of 5.56%. The company had revenue of $137.10 million for the quarter, compared to analysts’ expectations of $127.83 million. During the same period in the previous year, the firm posted ($0.02) earnings per share. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. Equities research analysts expect that 21Vianet Group Inc. will post ($0.59) EPS for the current year.
A number of brokerages have recently commented on VNET. Zacks Investment Research raised shares of 21Vianet Group from a “sell” rating to a “hold” rating in a report on Thursday, July 28th. JPMorgan Chase & Co. cut shares of 21Vianet Group from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $21.00 to $5.60 in a report on Wednesday, August 17th. Finally, Morgan Stanley began coverage on shares of 21Vianet Group in a report on Friday, July 8th. They issued an “underweight” rating and a $8.00 target price for the company.
21Vianet Group Company Profile
21Vianet Group, Inc is a carrier-neutral Internet data center services provider. The Company hosts its customers’ servers and networking equipment and provides interconnectivity. The Company also provides managed network services to enable customers to deliver data across the Internet through its data transmission network and smart routing technology.
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