Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hedge Funds Are Buying 21Vianet Group Inc (VNET)

To the average investor, there are tons of metrics investors can use to monitor Mr. Market. A pair of the most under-the-radar are hedge fund and insider trading interest. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the best fund managers can outclass the S&P 500 by a healthy amount (see just how much).

Just as necessary, bullish insider trading activity is another way to look at the world of equities. There are a variety of reasons for an upper level exec to downsize shares of his or her company, but only one, very obvious reason why they would behave bullishly. Many empirical studies have demonstrated the market-beating potential of this method if you know what to do (learn more here).

Keeping this in mind, we’re going to analyze the recent info surrounding 21Vianet Group Inc (NASDAQ:VNET).

21Vianet Group Inc (NASDAQ:VNET)

Hedge fund activity in 21Vianet Group Inc (NASDAQ:VNET)

At Q2’s end, a total of 9 of the hedge funds we track held long positions in this stock, a change of 13% from one quarter earlier. With hedge funds’ sentiment swirling, there exists an “upper tier” of notable hedge fund managers who were boosting their holdings meaningfully.


Consequently, particular hedge funds were breaking ground themselves. Joho Capital, managed by Robert Karr, assembled the biggest position in 21Vianet Group Inc (NASDAQ:VNET). Joho Capital had 24.4 million invested in the company at the end of the quarter. Ken Griffin’s Citadel Investment Group also initiated a $14.1 million position during the quarter. The other funds with brand new VNET positions are Steven Cohen’s SAC Capital Advisors, John Wu’s Sureview Capital, and Jacob Gottlieb’s Visium Asset Management.

Insider trading activity in 21Vianet Group Inc (NASDAQ:VNET)

Legal insider trading, particularly when it’s bullish, is best served when the company in question has seen transactions within the past six months. Over the last 180-day time period, 21Vianet Group Inc (NASDAQ:VNET) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).

We’ll also examine the relationship between both of these indicators in other stocks similar to 21Vianet Group Inc (NASDAQ:VNET). These stocks are Computer Task Group, Inc. (NASDAQ:CTGX), Sykes Enterprises, Incorporated (NASDAQ:SYKE), Greenway Medical Technologies, Inc. (NYSE:GWAY), Virtusa Corporation (NASDAQ:VRTU), and EPIQ Systems, Inc. (NASDAQ:EPIQ). This group of stocks are the members of the information technology services industry and their market caps are closest to VNET’s market cap.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.