21Vianet Group Inc (VNET) Receives Consensus Rating of “Hold” from Analysts

21Vianet Group Inc (NASDAQ:VNET) has been given an average recommendation of “Hold” by the six brokerages that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company.

A number of brokerages recently commented on VNET. BidaskClub upgraded shares of 21Vianet Group from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Zacks Investment Research lowered shares of 21Vianet Group from a “buy” rating to a “hold” rating in a research note on Saturday, January 26th. Finally, ValuEngine upgraded shares of 21Vianet Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Morgan Stanley grew its position in shares of 21Vianet Group by 72.3% during the 3rd quarter. Morgan Stanley now owns 3,371,405 shares of the information technology services provider’s stock worth $34,052,000 after purchasing an additional 1,414,615 shares in the last quarter. Norges Bank acquired a new position in shares of 21Vianet Group during the 4th quarter worth approximately $10,872,000. Millennium Management LLC grew its position in shares of 21Vianet Group by 324.8% during the 4th quarter. Millennium Management LLC now owns 737,052 shares of the information technology services provider’s stock worth $6,368,000 after purchasing an additional 563,529 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of 21Vianet Group by 110.6% during the 4th quarter. Acadian Asset Management LLC now owns 941,093 shares of the information technology services provider’s stock worth $8,129,000 after purchasing an additional 494,240 shares in the last quarter. Finally, Sylebra HK Co Ltd grew its position in shares of 21Vianet Group by 150.6% during the 4th quarter. Sylebra HK Co Ltd now owns 746,662 shares of the information technology services provider’s stock worth $6,451,000 after purchasing an additional 448,672 shares in the last quarter. Institutional investors and hedge funds own 37.68% of the company’s stock.

VNET traded down $0.22 on Friday, reaching $7.76. The company had a trading volume of 295,875 shares, compared to its average volume of 585,907. 21Vianet Group has a fifty-two week low of $5.01 and a fifty-two week high of $11.98. The firm has a market cap of $868.20 million, a P/E ratio of -32.33 and a beta of 1.24. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.13 and a current ratio of 2.13.

21Vianet Group (NASDAQ:VNET) last announced its quarterly earnings results on Monday, March 4th. The information technology services provider reported ($0.12) EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.22). 21Vianet Group had a negative net margin of 5.86% and a negative return on equity of 1.15%. The company had revenue of $131.17 million during the quarter, compared to analyst estimates of $127.39 million. As a group, equities analysts forecast that 21Vianet Group will post 0.1 earnings per share for the current year.

21Vianet Group Company Profile

21Vianet Group, Inc provides carrier-neutral Internet data center services to Internet companies, government entities, blue-chip enterprises, and small-to mid-sized enterprises in the People's Republic of China. It offers hosting and related services to house servers and networking equipment in its data centers, and connects them through a data transmission network; and other hosting related value-added services.

Further Reading: Quiet Period Expirations

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