21Vianet Group (VNET) Downgraded to Buy at BidaskClub

BidaskClub cut shares of 21Vianet Group (NASDAQ:VNET) from a strong-buy rating to a buy rating in a report published on Monday, February 5th.

Separately, ValuEngine downgraded 21Vianet Group from a hold rating to a sell rating in a report on Friday, February 2nd.

Shares of 21Vianet Group (VNET) traded up $0.44 during midday trading on Monday, reaching $7.97. The company’s stock had a trading volume of 375,406 shares, compared to its average volume of 561,800. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.74 and a current ratio of 1.74. The firm has a market capitalization of $840.72, a P/E ratio of -2.59 and a beta of 1.52. 21Vianet Group has a fifty-two week low of $4.17 and a fifty-two week high of $9.59.

21Vianet Group (NASDAQ:VNET) last released its earnings results on Tuesday, December 5th. The information technology services provider reported ($0.13) EPS for the quarter, topping the Zacks’ consensus estimate of ($2.06) by $1.93. 21Vianet Group had a negative return on equity of 3.50% and a negative net margin of 57.80%. The firm had revenue of $133.17 million during the quarter. analysts expect that 21Vianet Group will post -0.47 EPS for the current year.

Hedge funds have recently made changes to their positions in the stock. Aperio Group LLC raised its position in 21Vianet Group by 173.5% during the third quarter. Aperio Group LLC now owns 72,443 shares of the information technology services provider’s stock valued at $412,000 after acquiring an additional 45,954 shares in the last quarter. Pictet Asset Management Ltd. purchased a new position in 21Vianet Group during the third quarter valued at approximately $262,000. Dimensional Fund Advisors LP raised its position in 21Vianet Group by 55.4% during 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 acquiring an additional 363,257 shares in the last quarter. Westpac Banking Corp purchased a new position in 21Vianet Group during the third quarter valued at approximately $426,000. Finally, Penserra Capital Management LLC raised its position in 21Vianet Group by 74.9% during 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 in the last quarter. Institutional investors own 19.26% 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.

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