Long Pond Capital LP Buys New Stake in 21Vianet Group, Inc. (NASDAQ:VNET)

Long Pond Capital LP purchased a new position in shares of 21Vianet Group, Inc. (NASDAQ:VNET) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 950,000 shares of the information technology services provider’s stock, valued at approximately $30,685,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Standard Life Aberdeen plc acquired a new stake in shares of 21Vianet Group during the first quarter valued at $1,403,000. Sequoia China Equity Partners Hong Kong Ltd purchased a new stake in shares of 21Vianet Group during the fourth quarter worth about $10,407,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in shares of 21Vianet Group in the first quarter valued at approximately $1,160,000. Wrapmanager Inc. boosted its position in 21Vianet Group by 30.1% during the first quarter. Wrapmanager Inc. now owns 8,843 shares of the information technology services provider’s stock worth $286,000 after acquiring an additional 2,045 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in 21Vianet Group by 466.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 151,373 shares of the information technology services provider’s stock worth $4,889,000 after acquiring an additional 124,656 shares during the period. 70.67% of the stock is owned by institutional investors.

Several equities analysts recently commented on the company. Zacks Investment Research upgraded 21Vianet Group from a “sell” rating to a “hold” rating in a research note on Wednesday. Citigroup lifted their price target on shares of 21Vianet Group from $33.00 to $47.00 in a report on Wednesday, March 3rd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $43.50.

Shares of VNET traded up $1.29 during midday trading on Friday, reaching $23.30. 103,850 shares of the company were exchanged, compared to its average volume of 2,263,925. 21Vianet Group, Inc. has a 1-year low of $14.08 and a 1-year high of $44.45. The company’s 50-day moving average is $25.96. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $3.18 billion, a P/E ratio of -5.76 and a beta of 0.20.

21Vianet Group (NASDAQ:VNET) last released its quarterly earnings results on Monday, May 24th. The information technology services provider reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.48) by ($0.12). 21Vianet Group had a negative return on equity of 59.61% and a negative net margin of 65.34%. Analysts anticipate that 21Vianet Group, Inc. will post -0.55 EPS for the current year.

21Vianet Group Company Profile

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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