UBS Asset Management Americas Inc. increased its stake in shares of 21Vianet Group Inc. (NASDAQ:VNET) by 0.1% during the second quarter, Holdings Channel reports. The fund owned 734,300 shares of the company’s stock after buying an additional 400 shares during the period. UBS Asset Management Americas Inc. owned about 0.84% of 21Vianet Group worth $7,497,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the stock. Kassirer Asset Management Corp bought a new position in shares of 21Vianet Group during the second quarter valued at approximately $102,000. Quantitative Systematic Strategies LLC bought a new position in shares of 21Vianet Group during the second quarter valued at approximately $152,000. BlackRock Inc. increased its position in shares of 21Vianet Group by 2.5% in the first quarter. BlackRock Inc. now owns 17,482 shares of the company’s stock valued at $349,000 after buying an additional 421 shares during the last quarter. Geode Capital Management LLC increased its position 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 valued at $438,000 after buying an additional 3,240 shares during the last quarter. Finally, Opera Trading Capital bought a new position in shares of 21Vianet Group during the first quarter valued at approximately $549,000. 28.57% of the stock is owned by institutional investors and hedge funds.
21Vianet Group Inc. (NASDAQ:VNET) traded up 0.61% during trading on Tuesday, hitting $8.23. 164,364 shares of the stock traded hands. The stock’s market cap is $936.98 million. 21Vianet Group Inc. has a 12 month low of $8.05 and a 12 month high of $21.32. The company has a 50-day moving average price of $9.06 and a 200-day moving average price of $13.46.
21Vianet Group (NASDAQ:VNET) last posted its quarterly earnings results on Tuesday, August 16th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the 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 business earned $137.10 million during the quarter, compared to the consensus estimate of $127.83 million. During the same period last year, the firm earned ($0.02) EPS. 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.
Several equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of 21Vianet Group from a “hold” rating to a “sell” rating in a research note on Friday, June 3rd. Morgan Stanley assumed coverage on shares of 21Vianet Group in a research note on Friday, July 8th. They issued an “underweight” rating and a $8.00 price objective for the company. Finally, JPMorgan Chase & Co. downgraded shares of 21Vianet Group from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $21.00 to $5.60 in a research note on Wednesday, August 17th.
About 21Vianet Group
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.
Want to see what other hedge funds are holding VNET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for 21Vianet Group Inc. (NASDAQ:VNET).
Receive News & Ratings for 21Vianet Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 21Vianet Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.