Investors Buy Large Volume of 21Vianet Group Call Options (NASDAQ:VNET)
21Vianet Group Inc (NASDAQ:VNET) saw some unusual options trading on Wednesday. Investors bought 1,002 call options on the stock. This represents an increase of approximately 1,396% compared to the typical daily volume of 67 call options.
Several brokerages recently commented on VNET. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Zacks Investment Research upgraded Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Friday, July 19th. Finally, BidaskClub lowered Westport Fuel Systems from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $11.00.
VNET stock opened at $7.28 on Friday. The business’s 50 day moving average price is $7.51. 21Vianet Group has a fifty-two week low of $6.60 and a fifty-two week high of $11.98. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.53. The firm has a market cap of $814.49 million, a P/E ratio of -30.33 and a beta of 1.18.
Hedge funds have recently bought and sold shares of the stock. Cutler Group LP acquired a new position in 21Vianet Group during the 1st quarter worth approximately $38,000. Macquarie Group Ltd. acquired a new position in 21Vianet Group during the 4th quarter worth approximately $88,000. Segantii Capital Management Ltd acquired a new position in 21Vianet Group during the 1st quarter worth approximately $109,000. Principal Financial Group Inc. raised its stake in 21Vianet Group by 12.7% during the 4th quarter. Principal Financial Group Inc. now owns 15,075 shares of the information technology services provider’s stock worth $130,000 after buying an additional 1,700 shares during the period. Finally, Bank of Montreal Can raised its stake in 21Vianet Group by 6.0% during the 1st quarter. Bank of Montreal Can now owns 27,831 shares of the information technology services provider’s stock worth $221,000 after buying an additional 1,572 shares during the period. 37.93% of the stock is currently owned by institutional investors and hedge funds.
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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