Caxton Associates LLP Takes Position in VNET Group, Inc. - Unsponsored ADR $VNET

Key Points

• Caxton Associates LLP has acquired a new position in VNET Group, purchasing 108,841 shares valued at approximately $892,000.
• VNET Group's share price has recently declined 4.8%, with shares opening at $7.93, and the stock has an average target price of $9.96.
• The company reported a loss of $0.01 EPS for the last quarter, missing analysts' expectations, along with a revenue of $339.65 million, significantly below the anticipated $2.27 billion.

Caxton Associates LLP bought a new stake in VNET Group, Inc. - Unsponsored ADR (NASDAQ:VNET - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 108,841 shares of the information technology services provider's stock, valued at approximately $892,000.

Other large investors have also modified their holdings of the company. Barclays PLC boosted its holdings in shares of VNET Group by 229.3% in the 4th quarter. Barclays PLC now owns 7,093 shares of the information technology services provider's stock valued at $34,000 after buying an additional 4,939 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of VNET Group in the 1st quarter valued at $36,000. Summit Securities Group LLC acquired a new position in shares of VNET Group in the 1st quarter valued at $40,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of VNET Group in the 4th quarter valued at $41,000. Finally, Liontrust Investment Partners LLP acquired a new position in shares of VNET Group in the 1st quarter valued at $78,000. Institutional investors and hedge funds own 72.83% of the company's stock.

Analyst Upgrades and Downgrades

VNET has been the subject of several research reports. Bank of America upped their price target on shares of VNET Group from $11.80 to $12.60 and gave the company a "buy" rating in a research report on Friday, August 22nd. Wall Street Zen downgraded shares of VNET Group from a "hold" rating to a "sell" rating in a research report on Saturday, August 23rd. Two equities research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $9.96.

VNET Group Stock Down 4.8%

Shares of VNET Group stock opened at $7.93 on Thursday. The company has a market cap of $2.13 billion, a P/E ratio of -99.13, a PEG ratio of 5.79 and a beta of 0.16. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.97 and a current ratio of 0.97. VNET Group, Inc. - Unsponsored ADR has a one year low of $2.67 and a one year high of $16.13. The firm has a fifty day moving average of $8.04 and a two-hundred day moving average of $7.54.

VNET Group (NASDAQ:VNET - Get Free Report) last announced its quarterly earnings data on Thursday, August 21st. The information technology services provider reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.03). The firm had revenue of $339.65 million for the quarter, compared to analysts' expectations of $2.27 billion. VNET Group had a return on equity of 0.98% and a net margin of 0.74%. VNET Group has set its FY 2025 guidance at EPS. On average, analysts forecast that VNET Group, Inc. - Unsponsored ADR will post -0.06 earnings per share for the current year.

VNET Group declared that its Board of Directors has approved a share buyback program on Friday, June 27th that permits the company to buyback $0.00 in shares. This buyback authorization permits the information technology services provider to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its shares are undervalued.

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.

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