MASO CAPITAL PARTNERS Ltd Sells 125,000 Shares of VNET Group, Inc. (NASDAQ:VNET)

MASO CAPITAL PARTNERS Ltd cut its stake in VNET Group, Inc. (NASDAQ:VNET) by 6.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,728,771 shares of the information technology services provider’s stock after selling 125,000 shares during the period. VNET Group accounts for 10.4% of MASO CAPITAL PARTNERS Ltd’s investment portfolio, making the stock its 4th largest holding. MASO CAPITAL PARTNERS Ltd’s holdings in VNET Group were worth $8,194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VNET. Wolverine Trading LLC acquired a new stake in VNET Group during the 3rd quarter worth about $46,000. Catalina Capital Group LLC bought a new stake in shares of VNET Group during the 4th quarter valued at about $54,000. Walleye Capital LLC acquired a new stake in VNET Group during the third quarter worth approximately $115,000. Asset Management One Co. Ltd. acquired a new stake in VNET Group during the fourth quarter worth approximately $152,000. Finally, Public Employees Retirement System of Ohio bought a new stake in VNET Group in the third quarter worth approximately $191,000. Institutional investors and hedge funds own 72.83% of the company’s stock.

VNET Group Price Performance

Shares of NASDAQ VNET opened at $8.90 on Thursday. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of -4.01, a PEG ratio of 1.01 and a beta of 0.07. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.83 and a current ratio of 0.83. VNET Group, Inc. has a fifty-two week low of $1.42 and a fifty-two week high of $16.13. The firm’s 50-day simple moving average is $9.88 and its 200 day simple moving average is $5.98.

VNET Group (NASDAQ:VNET) last posted its quarterly earnings data on Wednesday, March 12th. The information technology services provider reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). The firm had revenue of $307.75 million for the quarter, compared to analysts’ expectations of $284.88 million. VNET Group had a negative return on equity of 5.68% and a negative net margin of 28.54%. As a group, research analysts anticipate that VNET Group, Inc. will post -0.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on VNET. StockNews.com cut VNET Group from a “hold” rating to a “sell” rating in a report on Friday, March 14th. UBS Group lifted their price target on shares of VNET Group from $6.40 to $7.00 and gave the company a “buy” rating in a research note on Friday, November 29th. Nomura Securities upgraded shares of VNET Group to a “strong-buy” rating in a report on Friday, February 21st. Citigroup raised their target price on VNET Group from $16.10 to $20.00 and gave the company a “buy” rating in a research note on Friday, March 14th. Finally, The Goldman Sachs Group raised VNET Group from a “neutral” rating to a “buy” rating and upped their price target for the stock from $3.10 to $5.00 in a research note on Friday, November 29th. One equities research analyst has rated the stock with a sell rating, four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, VNET Group presently has a consensus rating of “Buy” and a consensus price target of $9.30.

VNET Group Company 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.