21Vianet Group (VNET) Downgraded by ValuEngine

ValuEngine cut shares of 21Vianet Group (NASDAQ:VNET) from a hold rating to a sell rating in a research note issued to investors on Friday.

Separately, BidaskClub cut shares of 21Vianet Group from a buy rating to a hold rating in a research note on Thursday, December 7th.

21Vianet Group (VNET) opened at $8.25 on Friday. The firm has a market cap of $946.79, a price-to-earnings ratio of -2.84 and a beta of 1.52. 21Vianet Group has a 52 week low of $4.17 and a 52 week 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.

21Vianet Group (NASDAQ:VNET) last posted its earnings results on Tuesday, December 5th. The information technology services provider reported ($0.13) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($2.06) by $1.93. 21Vianet Group had a negative net margin of 57.80% and a negative return on equity of 3.50%. The company had revenue of $133.17 million during the quarter. equities analysts predict that 21Vianet Group will post -0.47 EPS for the current fiscal year.

Large investors have recently modified their holdings of the business. Profund Advisors LLC grew its stake in shares of 21Vianet Group by 42.7% in the 2nd quarter. Profund Advisors LLC now owns 20,988 shares of the information technology services provider’s stock worth $105,000 after buying an additional 6,283 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its stake in shares of 21Vianet Group by 18.5% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 24,935 shares of the information technology services provider’s stock worth $126,000 after buying an additional 3,898 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of 21Vianet Group by 19.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 30,300 shares of the information technology services provider’s stock worth $152,000 after buying an additional 5,000 shares in the last quarter. Fox Run Management L.L.C. grew its stake in shares of 21Vianet Group by 73.5% in the 4th quarter. Fox Run Management L.L.C. now owns 19,775 shares of the information technology services provider’s stock worth $158,000 after buying an additional 8,375 shares in the last quarter. Finally, Pictet Asset Management Ltd. purchased a new position in shares of 21Vianet Group in the 3rd quarter worth $262,000. 19.27% of the stock is 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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