1 week Ago By Defense World Staff
American Century Companies Inc. grew its position in shares of VNET Group, Inc. (NASDAQ:VNET – Free Report) by 20.
4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 474,929 shares of the information technology services provider’s stock after purchasing an additional 80,516 shares during the period. American Century Companies Inc.
owned approximately 0.18% of VNET Group worth $2,251,000 at the end of the most recent quarter. Other institutional investors have also recently made changes to their positions in the company.
Catalina Capital Group LLC bought a new stake in VNET Group during the fourth quarter valued at $54,000. Wolverine Trading LLC purchased a new stake in shares of VNET Group in the 3rd quarter valued at about $46,000. Walleye Capital LLC bought a new stake in shares of VNET Group during the 3rd quarter valued at about $115,000.
Asset Management One Co. Ltd. purchased a new position in shares of VNET Group during the fourth quarter worth about $152,000.
Finally, Public Employees Retirement System of Ohio bought a new position in shares of VNET Group in the third quarter worth approximately $191,000. Institutional investors own 72.83% of the company’s stock.
VNET Group Stock Up 0.8 %Shares of NASDAQ VNET opened at $6.44 on Tuesday.
The stock has a market capitalization of $1.66 billion, a P/E ratio of -2.90, a PEG ratio of 1.
01 and a beta of 0.15. VNET Group, Inc.
has a one year low of $1.42 and a one year high of $16.13.
The firm’s 50 day simple moving average is $10.11 and its two-hundred day simple moving average is $6.27.
The company has a debt-to-equity ratio of 1.46, a current ratio of 0.83 and a quick ratio of 0.
83. VNET Group (NASDAQ:VNET – Get Free Report) last released its earnings results on Wednesday, March 12th. The information technology services provider reported ($0.
01) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.04).
The business had revenue of $307.75 million for the quarter, compared to the consensus estimate of $284.88 million.
VNET Group had a negative net margin of 28.54% and a negative return on equity of 5.68%.
As a group, analysts expect that VNET Group, Inc. will post -0.06 EPS for the current fiscal year.
Analyst Ratings ChangesSeveral equities research analysts have issued reports on the stock. StockNews.com lowered shares of VNET Group from a “hold” rating to a “sell” rating in a research report on Friday, March 14th.
Citigroup raised their price objective on shares of VNET Group from $16.10 to $20.00 and gave the company a “buy” rating in a research report on Friday, March 14th.
Finally, Nomura Securities upgraded shares of VNET Group to a “strong-buy” rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, four have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, VNET Group currently has an average rating of “Buy” and a consensus target price of $9.
30.Get Our Latest Report on VNET GroupAbout VNET Group (Free Report)VNET Group, Inc, an investment holding company, provides hosting and related services in China. It offers managed hosting services consisting of managed retail services, such as colocation services that dedicate data center space to house customers' servers and networking equipment, as well as allow customers to lease partial or entire cabinets for their servers; interconnectivity services that allow customers to connect their servers; value-added services, including hybrid IT, bare metal, firewall, server load balancing, data backup and recovery, data center management, server management, and backup server services; cloud services that allow customers to run applications over the internet using IT infrastructure; and VPN Services that extend customers' private networks by setting up connections through the public internet.
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