BidaskClub Downgrades 21Vianet Group (VNET) to Hold
BidaskClub cut shares of 21Vianet Group (NASDAQ:VNET) from a buy rating to a hold rating in a research note released on Tuesday.
Separately, ValuEngine lowered 21Vianet Group from a hold rating to a sell rating in a research note on Friday, February 2nd.
Shares of 21Vianet Group (NASDAQ VNET) opened at $7.93 on Tuesday. 21Vianet Group has a one year low of $4.17 and a one year high of $9.59. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.74 and a current ratio of 1.74.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in VNET. Millennium Management LLC increased its holdings in 21Vianet Group by 4,963.6% during the 4th quarter. Millennium Management LLC now owns 605,605 shares of the information technology services provider’s stock worth $4,833,000 after purchasing an additional 593,645 shares during the period. River & Mercantile Asset Management LLP increased its holdings in 21Vianet Group by 56.3% during the 4th quarter. River & Mercantile Asset Management LLP now owns 1,030,959 shares of the information technology services provider’s stock worth $8,232,000 after purchasing an additional 371,362 shares during the period. Dimensional Fund Advisors LP increased its holdings in 21Vianet Group by 55.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,018,868 shares of the information technology services provider’s stock worth $5,117,000 after purchasing an additional 363,257 shares during the period. Two Sigma Investments LP increased its holdings in 21Vianet Group by 1,647.4% during the 4th quarter. Two Sigma Investments LP now owns 360,515 shares of the information technology services provider’s stock worth $2,877,000 after purchasing an additional 339,884 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in 21Vianet Group during the 4th quarter worth $1,770,000. Institutional investors own 23.34% 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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