21Vianet Group (VNET) Cut to “Hold” at ValuEngine

21Vianet Group (NASDAQ:VNET) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Sunday, December 31st.

A number of other analysts also recently issued reports on VNET. BidaskClub downgraded shares of 21Vianet Group from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Morgan Stanley upgraded shares of 21Vianet Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $6.30 to $9.50 in a report on Wednesday, October 4th.

Shares of 21Vianet Group (NASDAQ:VNET) traded down $0.08 on Friday, reaching $8.69. 436,800 shares of the company’s stock were exchanged, compared to its average volume of 833,343. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.74 and a current ratio of 1.74. 21Vianet Group has a 1 year low of $4.17 and a 1 year high of $9.42. The company has a market capitalization of $967.66, a price-to-earnings ratio of -10.86 and a beta of 1.42.

Large investors have recently added to or reduced their stakes in the business. Aperio Group LLC increased its holdings in shares of 21Vianet Group by 173.5% in the third quarter. Aperio Group LLC now owns 72,443 shares of the information technology services provider’s stock valued at $412,000 after purchasing an additional 45,954 shares during the last quarter. Pictet Asset Management Ltd. acquired a new position in shares of 21Vianet Group in the third quarter valued at $262,000. Dimensional Fund Advisors LP increased its holdings in shares of 21Vianet Group by 55.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,018,868 shares of the information technology services provider’s stock valued at $5,117,000 after purchasing an additional 363,257 shares during the last quarter. FIL Ltd increased its holdings in shares of 21Vianet Group by 143.0% in the second quarter. FIL Ltd now owns 2,830,776 shares of the information technology services provider’s stock valued at $14,210,000 after purchasing an additional 1,666,003 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its position in shares of 21Vianet Group by 74.9% in the third quarter. Penserra Capital Management LLC now owns 136,843 shares of the information technology services provider’s stock valued at $778,000 after acquiring an additional 58,608 shares during the period. Hedge funds and other institutional investors own 19.66% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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