21Vianet Group (NASDAQ:VNET) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Thursday.
Several other analysts also recently commented on the stock. Morgan Stanley upgraded shares of 21Vianet Group from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $6.30 to $9.50 in a research report on Wednesday, October 4th. ValuEngine upgraded shares of 21Vianet Group from a “sell” rating to a “hold” rating in a research report on Wednesday.
21Vianet Group (VNET) traded down $0.87 during mid-day trading on Thursday, reaching $6.02. 757,398 shares of the company traded hands, compared to its average volume of 535,325. 21Vianet Group has a 1 year low of $4.17 and a 1 year high of $8.52. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.14.
Institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its position in 21Vianet Group by 149.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 655,611 shares of the information technology services provider’s stock worth $3,602,000 after buying an additional 392,311 shares during the last quarter. Aperio Group LLC raised its position in 21Vianet Group by 173.5% during the 3rd quarter. Aperio Group LLC now owns 72,443 shares of the information technology services provider’s stock worth $412,000 after buying an additional 45,954 shares during the last quarter. Pictet Asset Management Ltd. purchased a new position in 21Vianet Group during the 3rd quarter worth $262,000. FIL Ltd raised its position in 21Vianet Group by 143.0% during the 2nd quarter. FIL Ltd now owns 2,830,776 shares of the information technology services provider’s stock worth $14,210,000 after buying an additional 1,666,003 shares during the last quarter. Finally, Penserra Capital Management LLC raised its position in 21Vianet Group by 74.9% during the 3rd quarter. Penserra Capital Management LLC now owns 136,843 shares of the information technology services provider’s stock worth $778,000 after buying an additional 58,608 shares during the last quarter. Institutional investors own 19.53% of the company’s stock.
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About 21Vianet Group
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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