Dalton Investments LLC raised its holdings in shares of 21Vianet Group Inc (NASDAQ:VNET) by 8.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,539,377 shares of the information technology services provider’s stock after purchasing an additional 118,917 shares during the period. 21Vianet Group accounts for approximately 5.4% of Dalton Investments LLC’s investment portfolio, making the stock its 6th biggest holding. Dalton Investments LLC owned about 1.38% of 21Vianet Group worth $11,992,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. FIL Ltd grew its holdings in shares of 21Vianet Group by 17.3% during the first quarter. FIL Ltd now owns 6,336,126 shares of the information technology services provider’s stock valued at $50,309,000 after buying an additional 932,763 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of 21Vianet Group by 25.6% during the second quarter. Renaissance Technologies LLC now owns 1,190,567 shares of the information technology services provider’s stock valued at $9,275,000 after buying an additional 242,800 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of 21Vianet Group by 129.2% during the second quarter. JPMorgan Chase & Co. now owns 137,277 shares of the information technology services provider’s stock valued at $1,084,000 after buying an additional 77,374 shares during the last quarter. Penserra Capital Management LLC grew its holdings in shares of 21Vianet Group by 1.5% during the first quarter. Penserra Capital Management LLC now owns 124,930 shares of the information technology services provider’s stock valued at $991,000 after buying an additional 1,811 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of 21Vianet Group during the second quarter valued at $470,000. 39.31% of the stock is currently owned by institutional investors and hedge funds.

Shares of VNET opened at $8.54 on Friday. 21Vianet Group Inc has a 1-year low of $6.60 and a 1-year high of $11.98. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.28 and a quick ratio of 2.28. The firm has a market capitalization of $964.41 million, a PE ratio of -35.58 and a beta of 1.15. The company’s fifty day moving average price is $7.49 and its 200-day moving average price is $7.80.

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

VNET has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of 21Vianet Group from a “hold” rating to a “strong sell” rating in a report on Saturday, August 24th. ValuEngine raised shares of 21Vianet Group from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. BidaskClub raised shares of 21Vianet Group from a “sell” rating to a “hold” rating in a report on Saturday, September 7th. Finally, TheStreet lowered shares of 21Vianet Group from a “c-” rating to a “d+” rating in a report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $11.00.

About 21Vianet Group

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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