21Vianet Group (NASDAQ:VNET) Upgraded to “Sell” at BidaskClub

BidaskClub upgraded shares of 21Vianet Group (NASDAQ:VNET) from a strong sell rating to a sell rating in a research note issued to investors on Thursday morning, BidAskClub reports.

VNET has been the topic of several other reports. ValuEngine cut 21Vianet Group from a hold rating to a sell rating in a report on Tuesday, July 2nd. Zacks Investment Research raised 21Vianet Group from a sell rating to a hold rating in a report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $11.00.

Shares of 21Vianet Group stock traded up $0.26 on Thursday, reaching $7.50. The company’s stock had a trading volume of 199,877 shares, compared to its average volume of 418,069. The company has a market cap of $824.56 million, a P/E ratio of -31.25 and a beta of 1.18. The company’s fifty day moving average price is $7.53. 21Vianet Group has a 52 week low of $6.60 and a 52 week high of $11.98. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.53.

21Vianet Group (NASDAQ:VNET) last posted its quarterly earnings results on Thursday, May 16th. The information technology services provider reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.02). The business had revenue of $129.91 million for the quarter, compared to the consensus estimate of $129.55 million. 21Vianet Group had a negative net margin of 6.69% and a negative return on equity of 1.72%. As a group, analysts expect that 21Vianet Group will post -0.09 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of VNET. Stevens Capital Management LP bought a new position in shares of 21Vianet Group in the 2nd quarter worth about $80,000. SG Americas Securities LLC acquired a new stake in shares of 21Vianet Group in the 2nd quarter valued at $470,000. Segantii Capital Management Ltd boosted its stake in shares of 21Vianet Group by 16.7% in the 2nd quarter. Segantii Capital Management Ltd now owns 16,072 shares of the information technology services provider’s stock valued at $125,000 after purchasing an additional 2,296 shares in the last quarter. FIL Ltd boosted its stake in shares of 21Vianet Group by 17.3% in the 1st quarter. FIL Ltd now owns 6,336,126 shares of the information technology services provider’s stock valued at $50,309,000 after purchasing an additional 932,763 shares in the last quarter. Finally, Dalton Investments LLC boosted its stake in shares of 21Vianet Group by 62.6% in the 1st quarter. Dalton Investments LLC now owns 1,420,460 shares of the information technology services provider’s stock valued at $11,278,000 after purchasing an additional 547,060 shares in the last quarter. 37.92% of the stock is currently owned by institutional investors.

About 21Vianet Group

21Vianet Group, Inc provides carrier and cloud-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.

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