Point72 Asset Management L.P. Sells 206,886 Shares of 21Vianet Group, Inc. (NASDAQ:VNET)

Point72 Asset Management L.P. cut its holdings in 21Vianet Group, Inc. (NASDAQ:VNET) by 11.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,555,300 shares of the information technology services provider’s stock after selling 206,886 shares during the quarter. Point72 Asset Management L.P.’s holdings in 21Vianet Group were worth $50,236,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Amundi Asset Management US Inc. increased its stake in shares of 21Vianet Group by 17.8% in the first quarter. Amundi Asset Management US Inc. now owns 793,793 shares of the information technology services provider’s stock valued at $25,641,000 after buying an additional 120,137 shares in the last quarter. Loomis Sayles & Co. L P increased its holdings in shares of 21Vianet Group by 1.0% during the 1st quarter. Loomis Sayles & Co. L P now owns 109,315 shares of the information technology services provider’s stock worth $3,531,000 after acquiring an additional 1,127 shares during the last quarter. Dalton Investments LLC increased its holdings in shares of 21Vianet Group by 3.9% during the 1st quarter. Dalton Investments LLC now owns 206,720 shares of the information technology services provider’s stock worth $6,677,000 after acquiring an additional 7,800 shares during the last quarter. Newbrook Capital Advisors LP grew its holdings in 21Vianet Group by 38.0% in the 1st quarter. Newbrook Capital Advisors LP now owns 982,724 shares of the information technology services provider’s stock valued at $31,742,000 after buying an additional 270,360 shares in the last quarter. Finally, Blackstone Group Inc. acquired a new position in 21Vianet Group in the 1st quarter valued at $275,669,000. Institutional investors own 71.48% of the company’s stock.

Shares of VNET stock opened at $18.75 on Thursday. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.90. 21Vianet Group, Inc. has a twelve month low of $16.94 and a twelve month high of $44.45. The company has a market cap of $2.56 billion, a P/E ratio of -4.73 and a beta of 0.19. The stock’s fifty day simple moving average is $21.82.

21Vianet Group (NASDAQ:VNET) last announced its quarterly earnings data on Monday, May 24th. The information technology services provider reported ($0.60) earnings per share for the quarter, missing the consensus estimate of ($0.48) by ($0.12). 21Vianet Group had a negative return on equity of 49.77% and a negative net margin of 59.54%. The business had revenue of $211.69 million for the quarter, compared to the consensus estimate of $213.19 million. On average, analysts anticipate that 21Vianet Group, Inc. will post -0.38 EPS for the current year.

A number of analysts have recently weighed in on the company. TheStreet downgraded 21Vianet Group from a “c” rating to a “d” rating in a research report on Wednesday, June 30th. Zacks Investment Research upgraded 21Vianet Group from a “sell” rating to a “hold” rating in a research report on Wednesday, June 9th.

About 21Vianet Group

21Vianet Group, Inc, an investment holding company, provides hosting and related 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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