21Vianet Group, Inc. (NASDAQ:VNET) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Tuesday.

Separately, Zacks Investment Research lowered 21Vianet Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company. 21Vianet Group presently has an average rating of “Hold” and a consensus target price of $6.96.

21Vianet Group (NASDAQ:VNET) traded up 0.67% during midday trading on Tuesday, reaching $4.48. The company had a trading volume of 130,366 shares. The firm has a 50-day moving average price of $4.95 and a 200-day moving average price of $5.79. 21Vianet Group has a 52 week low of $4.30 and a 52 week high of $11.09. The company’s market capitalization is $506.68 million.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Penserra Capital Management LLC raised its position in shares of 21Vianet Group by 235.3% in the second quarter. Penserra Capital Management LLC now owns 78,235 shares of the information technology services provider’s stock worth $392,000 after buying an additional 54,902 shares during the last quarter. Aperio Group LLC raised its position in shares of 21Vianet Group by 119.2% in 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 during the last quarter. Bank of Montreal Can raised its position in shares of 21Vianet Group by 321.3% in the second quarter. Bank of Montreal Can now owns 69,969 shares of the information technology services provider’s stock worth $351,000 after buying an additional 53,361 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of 21Vianet Group by 8.1% in 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 during the last quarter. Finally, RBF Capital LLC raised its position in shares of 21Vianet Group by 351.4% in the first quarter. RBF Capital LLC now owns 77,074 shares of the information technology services provider’s stock worth $423,000 after buying an additional 60,000 shares during the last quarter. Hedge funds and other institutional investors own 19.95% of the company’s stock.

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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