21Vianet Group Inc (VNET) Shares Sold by FIL Ltd

FIL Ltd trimmed its stake in 21Vianet Group Inc (NASDAQ:VNET) by 6.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 5,455,653 shares of the information technology services provider’s stock after selling 387,929 shares during the period. FIL Ltd’s holdings in 21Vianet Group were worth $55,102,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in VNET. BlackRock Inc. increased its stake in 21Vianet Group by 5.2% during the 2nd quarter. BlackRock Inc. now owns 1,432,273 shares of the information technology services provider’s stock worth $13,892,000 after buying an additional 71,335 shares during the period. Renaissance Technologies LLC purchased a new stake in 21Vianet Group during the 2nd quarter worth approximately $8,893,000. Acadian Asset Management LLC increased its stake in 21Vianet Group by 803.0% during the 3rd quarter. Acadian Asset Management LLC now owns 446,853 shares of the information technology services provider’s stock worth $4,513,000 after buying an additional 397,369 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in 21Vianet Group by 277.6% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 352,935 shares of the information technology services provider’s stock worth $3,423,000 after buying an additional 259,460 shares during the period. Finally, Dorsey Wright & Associates purchased a new stake in 21Vianet Group during the 3rd quarter worth approximately $1,431,000. 32.10% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ VNET opened at $10.37 on Friday. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.54. 21Vianet Group Inc has a 52 week low of $5.01 and a 52 week high of $11.98. The company has a market cap of $1.16 billion, a price-to-earnings ratio of -43.21 and a beta of 1.57.

VNET has been the topic of several recent research reports. BidaskClub raised shares of 21Vianet Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 14th. Zacks Investment Research downgraded shares of 21Vianet Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 18th. TheStreet raised shares of 21Vianet Group from a “d+” rating to a “c-” rating in a research note on Tuesday, November 13th. Jefferies Financial Group started coverage on shares of 21Vianet Group in a report on Tuesday, October 2nd. They set a “buy” rating for the company. Finally, Bank of America started coverage on shares of 21Vianet Group in a report on Tuesday, September 18th. They set a “buy” rating for the company. Five analysts have rated the stock with a buy rating, 21Vianet Group has a consensus rating of “Buy” and a consensus price target of $11.00.

TRADEMARK VIOLATION NOTICE: “21Vianet Group Inc (VNET) Shares Sold by FIL Ltd” was posted by WKRB News and is the sole property of of WKRB News. If you are accessing this article on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The legal version of this article can be accessed at https://www.wkrb13.com/2018/11/25/21vianet-group-inc-vnet-shares-sold-by-fil-ltd.html.

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.

See Also: Why do companies engage in swaps?

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).

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

Receive News & Ratings for 21Vianet Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 21Vianet Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply