Granite Point Capital Management L.P. lowered its position in shares of 21Vianet Group Inc (NASDAQ:VNET) by 18.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 65,000 shares of the information technology services provider’s stock after selling 15,000 shares during the period. Granite Point Capital Management L.P.’s holdings in 21Vianet Group were worth $562,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VNET. We Are One Seven LLC acquired a new position in shares of 21Vianet Group in the fourth quarter valued at approximately $26,000. Quantamental Technologies LLC acquired a new position in shares of 21Vianet Group in the fourth quarter valued at approximately $29,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of 21Vianet Group in the third quarter valued at approximately $105,000. Jane Street Group LLC acquired a new position in shares of 21Vianet Group in the second quarter valued at approximately $104,000. Finally, GSA Capital Partners LLP acquired a new position in shares of 21Vianet Group in the third quarter valued at approximately $122,000. Hedge funds and other institutional investors own 33.53% of the company’s stock.

Several research analysts have recently weighed in on VNET shares. Zacks Investment Research cut shares of 21Vianet Group from a “buy” rating to a “hold” rating in a report on Saturday, January 26th. BidaskClub cut shares of 21Vianet Group from a “buy” rating to a “hold” rating in a report on Friday, November 30th. TheStreet upgraded shares of 21Vianet Group from a “d+” rating to a “c-” rating in a report on Tuesday, November 13th. Finally, ValuEngine upgraded shares of 21Vianet Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $11.00.

Shares of VNET opened at $9.31 on Monday. 21Vianet Group Inc has a 12 month low of $5.01 and a 12 month high of $11.98. The firm has a market cap of $1.04 billion, a P/E ratio of -38.79 and a beta of 1.32. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.55.

21Vianet Group (NASDAQ:VNET) last announced its earnings results on Tuesday, November 20th. The information technology services provider reported $0.01 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.01. 21Vianet Group had a net margin of 22.01% and a return on equity of 1.94%. The business had revenue of $126.68 million during the quarter, compared to analysts’ expectations of $124.49 million. As a group, equities research analysts predict that 21Vianet Group Inc will post 0.04 EPS for the current year.

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About 21Vianet Group

21Vianet Group, Inc provides carrier-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; and other hosting related value-added services.

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

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