21Vianet Group, Inc. (VNET) Raised to Sell at BidaskClub

BidaskClub upgraded shares of 21Vianet Group, Inc. (NASDAQ:VNET) from a strong sell rating to a sell rating in a research note released on Tuesday morning.

Separately, Zacks Investment Research lowered 21Vianet Group from a buy rating to a hold rating in a report on Wednesday, May 10th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $6.96.

21Vianet Group (VNET) traded up 3.55% during midday trading on Tuesday, hitting $4.37. The company had a trading volume of 221,675 shares. The company’s 50 day moving average is $4.68 and its 200-day moving average is $5.67. The company’s market cap is $494.24 million. 21Vianet Group has a one year low of $4.17 and a one year high of $11.09.

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Several institutional investors have recently bought and sold shares of VNET. Public Employees Retirement System of Ohio increased its position in 21Vianet Group by 8.1% in the first quarter. Public Employees Retirement System of Ohio now owns 25,300 shares of the information technology services provider’s stock valued at $139,000 after buying an additional 1,900 shares during the period. RBF Capital LLC increased its position in 21Vianet Group by 351.4% in the first quarter. RBF Capital LLC now owns 77,074 shares of the information technology services provider’s stock valued at $423,000 after buying an additional 60,000 shares during the period. UBS Group AG increased its position in 21Vianet Group by 874.9% in the first quarter. UBS Group AG now owns 19,323 shares of the information technology services provider’s stock valued at $106,000 after buying an additional 17,341 shares during the period. Dimensional Fund Advisors LP increased its position in 21Vianet Group by 149.0% in the first quarter. Dimensional Fund Advisors LP now owns 655,611 shares of the information technology services provider’s stock valued at $3,602,000 after buying an additional 392,311 shares during the period. Finally, FIL Ltd increased its position in 21Vianet Group by 309.4% in the first quarter. FIL Ltd now owns 1,164,773 shares of the information technology services provider’s stock valued at $6,395,000 after buying an additional 880,273 shares during the period. Institutional investors and hedge funds own 19.95% of the company’s stock.

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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