According to the most recent filing that River & Mercantile Asset Management L.L.P.
Made with the Securities and Exchange Commission, the amount of money it had invested in VNET Group, INC (NASDAQ: VNET) was reduced by 46.9% during the third quarter.
The corporation now owns 78,889 shares of the stock held by the information technology services provider after selling 69,595 shares during the quarter.
The information technology services provider held these shares.
According to the most recent disclosure that River & Mercantile Asset Management L.L.P. has made with the S.E.C., the company’s ownership of 0.05% of VNET Group is currently estimated to be worth a total of $1,364,000.
For $3.15, trading on the NASDAQ VNET got underway on Thursday.
The company’s price over the previous fifty days has a moving average of $5.27, while the price over the previous two hundred days has averaged $5.26.
The debt-to-equity ratio, the current ratio, and the quick ratio all come in at 1.53:1, respectively.
The quick ratio comes in at 1.26:1.
During the previous year, the price of VNET Group, INC ranged from its lowest point of $2.90 to its highest point of $7.94.
The company’s market capitalization is $458.86 million, the price-to-earnings ratio is -3.18, and the beta value is 0.13; all of these factors indicate that the company is undervalued.
These metrics point to the company’s current valuation being too low.
In addition, hedge funds and various other institutional investors have altered how they invest in the company to take advantage of recent developments.
The 241,000 dollars was the total value of a new investment that Keebeck Alpha L.P.
Made in VNET Group during the third quarter.
During the third quarter of the fiscal year, S.G.
Americas Securities L.L.C.
Increased the percentage of VNET Group shares it owned by 269.1 percent. Following the acquisition of 42,859 shares of the information technology services provider’s stock during the most recent quarter, S.G.
Americas Securities L.L.C. now has 58,800 shares.
The value of these shares at the moment is 323,000 dollars. Centiva Capital L.P.
Made a brand new investment in VNET Group with a total value of $275,000 during the third quarter. Fox Run Management L.L.C.
Paid an amount equivalent to $81,000 to acquire a new position in VNET Group during the second quarter. Finally, during the third quarter of the fiscal year, Verition Fund Management L.L.C.
Increased its holdings in VNET Group by purchasing additional shares for $11,000,000.
In addition, on Thursday, coverage of VNET Group shares would start being provided by StockNews.com, which was announced in a research note published on Thursday.
They suggested that shareholders “sell” the stock to the company.
The entity that delivers carrier-free internet data center services is VNET Group, INC, which is structured as a holding company.
The company provided various services, including those related to cloud computing and networking, as well as colocation, and managed to host options for data centers. On October 16, 1999, Sheng Chen and Jun Zhang laid the foundation for the company, which currently has its headquarters in Beijing, China.