BidaskClub downgraded shares of 21Vianet Group (NASDAQ:VNET) from a buy rating to a hold rating in a report issued on Thursday.

Other research analysts also recently issued research reports about the stock. ValuEngine raised shares of 21Vianet Group from a sell rating to a hold rating in a research note on Wednesday. Morgan Stanley raised shares of 21Vianet Group from an equal weight rating to an overweight rating and raised their target price for the company from $6.30 to $9.50 in a research report on Wednesday, October 4th.

21Vianet Group (NASDAQ VNET) traded up $0.32 during mid-day trading on Thursday, reaching $6.34. 1,040,000 shares of the company traded hands, compared to its average volume of 513,029. 21Vianet Group has a 52 week low of $4.17 and a 52 week high of $8.52. The company has a current ratio of 1.74, a quick ratio of 1.10 and a debt-to-equity ratio of 0.63.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased 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 valued at $3,602,000 after purchasing an additional 392,311 shares during the period. Aperio Group LLC increased 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 valued at $412,000 after purchasing an additional 45,954 shares during the period. Pictet Asset Management Ltd. purchased a new position in 21Vianet Group during the 3rd quarter valued at about $262,000. FIL Ltd increased 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 valued at $14,210,000 after purchasing an additional 1,666,003 shares during the period. Finally, Penserra Capital Management LLC increased 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 valued at $778,000 after purchasing an additional 58,608 shares during the period. 19.53% of the stock is currently owned by institutional investors and hedge funds.

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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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