BidaskClub Downgrades 21Vianet Group (VNET) to Hold

21Vianet Group (NASDAQ:VNET) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

Several other equities research analysts also recently issued reports on the company. ValuEngine raised 21Vianet Group from a “sell” rating to a “hold” rating in a research report on Wednesday. Morgan Stanley raised 21Vianet Group from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $6.30 to $9.50 in a research report on Wednesday, October 4th.

Shares of 21Vianet Group (NASDAQ:VNET) traded down $0.87 during trading hours on Thursday, hitting $6.02. The stock had a trading volume of 757,398 shares, compared to its average volume of 535,325. 21Vianet Group has a 12 month low of $4.17 and a 12 month high of $8.52. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.10 and a current ratio of 1.10.

Several large investors have recently modified their holdings of VNET. Profund Advisors LLC grew its position in shares of 21Vianet Group by 42.7% in the second quarter. Profund Advisors LLC now owns 20,988 shares of the information technology services provider’s stock valued at $105,000 after purchasing an additional 6,283 shares during the last quarter. UBS Group AG grew its position in shares of 21Vianet Group by 874.9% in the first quarter. UBS Group AG now owns 19,323 shares of the information technology services provider’s stock valued at $106,000 after purchasing an additional 17,341 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its position in shares of 21Vianet Group by 18.5% in the second quarter. Dynamic Technology Lab Private Ltd now owns 24,935 shares of the information technology services provider’s stock valued at $126,000 after purchasing an additional 3,898 shares during the last quarter. Aperio Group LLC grew its position in 21Vianet Group by 119.2% during the second quarter. Aperio Group LLC now owns 26,489 shares of the information technology services provider’s stock worth $133,000 after buying an additional 14,403 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in 21Vianet Group by 8.1% during the first quarter. Public Employees Retirement System of Ohio now owns 25,300 shares of the information technology services provider’s stock worth $139,000 after buying an additional 1,900 shares in the last quarter. 19.53% of the stock is currently owned by institutional investors.

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21Vianet Group Company Profile

21Vianet Group, Inc is a carrier-neutral Internet data center services provider. The Company hosts its customers’ servers and networking equipment and provides interconnectivity. The Company also provides managed network services to enable customers to deliver data across the Internet through its data transmission network and smart routing technology.

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