VNET Group, Inc. (NASDAQ:VNET) Shares Purchased by Headlands Technologies LLC

Headlands Technologies LLC grew its position in shares of VNET Group, Inc. (NASDAQ:VNET) by 5.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 144,499 shares of the information technology services provider’s stock after acquiring an additional 7,737 shares during the quarter. Headlands Technologies LLC owned about 0.06% of VNET Group worth $685,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Wolverine Trading LLC acquired a new stake in VNET Group during the 3rd quarter worth approximately $46,000. Catalina Capital Group LLC purchased a new position in shares of VNET Group in the 4th quarter valued at $54,000. Walleye Capital LLC acquired a new position in shares of VNET Group during the 3rd quarter valued at $115,000. Asset Management One Co. Ltd. purchased a new stake in VNET Group during the 4th quarter worth $152,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in VNET Group in the 3rd quarter valued at $191,000. 72.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VNET has been the subject of several analyst reports. Citigroup upped their target price on VNET Group from $16.10 to $20.00 and gave the stock a “buy” rating in a research report on Friday, March 14th. Nomura Securities raised shares of VNET Group to a “strong-buy” rating in a research report on Friday, February 21st. Finally, StockNews.com cut shares of VNET Group from a “hold” rating to a “sell” rating in a research report on Friday, March 14th. One investment analyst has rated the stock with a sell rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $9.30.

VNET Group Stock Performance

VNET Group stock opened at $8.12 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.46. The stock has a 50 day moving average of $10.11 and a 200-day moving average of $6.17. The stock has a market cap of $2.09 billion, a P/E ratio of -3.66, a price-to-earnings-growth ratio of 1.01 and a beta of 0.07. VNET Group, Inc. has a 52 week low of $1.42 and a 52 week high of $16.13.

VNET Group (NASDAQ:VNET) last released its earnings results on Wednesday, March 12th. The information technology services provider reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.04). The company had revenue of $307.75 million during the quarter, compared to the consensus estimate of $284.88 million. VNET Group had a negative return on equity of 5.68% and a negative net margin of 28.54%. On average, analysts expect that VNET Group, Inc. will post -0.06 EPS for the current fiscal year.

VNET Group Profile

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.