Paloma Partners Management Co Invests $107,000 in 21Vianet Group Inc (NASDAQ:VNET)

Paloma Partners Management Co acquired a new position in 21Vianet Group Inc (NASDAQ:VNET) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 13,715 shares of the information technology services provider’s stock, valued at approximately $107,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Renaissance Technologies LLC raised its stake in 21Vianet Group by 25.6% during the 2nd quarter. Renaissance Technologies LLC now owns 1,190,567 shares of the information technology services provider’s stock valued at $9,275,000 after purchasing an additional 242,800 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in 21Vianet Group during the 2nd quarter valued at approximately $106,000. SG Americas Securities LLC bought a new stake in 21Vianet Group during the 2nd quarter valued at approximately $470,000. Putnam Investments LLC raised its stake in 21Vianet Group by 2,562.2% during the 2nd quarter. Putnam Investments LLC now owns 857,241 shares of the information technology services provider’s stock valued at $6,678,000 after purchasing an additional 825,041 shares during the period. Finally, Ellington Management Group LLC bought a new stake in 21Vianet Group during the 2nd quarter valued at approximately $149,000. 39.13% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently issued reports on VNET. BidaskClub downgraded 21Vianet Group from a “hold” rating to a “sell” rating in a research note on Friday, September 27th. Zacks Investment Research downgraded 21Vianet Group from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 24th. ValuEngine raised 21Vianet Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, TheStreet downgraded 21Vianet Group from a “c-” rating to a “d+” rating in a research note on Tuesday, August 20th.

Shares of VNET opened at $7.59 on Friday. The business’s 50 day moving average is $7.85 and its 200 day moving average is $7.71. The company has a market capitalization of $869.90 million, a PE ratio of -31.63 and a beta of 1.05. 21Vianet Group Inc has a 12-month low of $6.60 and a 12-month high of $11.98. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.72.

21Vianet Group (NASDAQ:VNET) last released its quarterly earnings results on Monday, August 19th. The information technology services provider reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.10). The firm had revenue of $129.36 million for the quarter, compared to analysts’ expectations of $129.40 million. 21Vianet Group had a negative net margin of 6.76% and a negative return on equity of 3.43%. Equities research analysts predict that 21Vianet Group Inc will post -0.05 earnings per share for the current year.

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

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