Acadian Asset Management LLC reduced its position in shares of Phoenix New Media Limited (NYSE:FENG) by 24.6% during the second quarter, Holdings Channel reports. The institutional investor owned 325,469 shares of the information services provider’s stock after selling 106,157 shares during the period. Acadian Asset Management LLC’s holdings in Phoenix New Media Limited were worth $856,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of FENG. Renaissance Technologies LLC raised its stake in shares of Phoenix New Media Limited by 0.5% in the first quarter. Renaissance Technologies LLC now owns 1,244,500 shares of the information services provider’s stock worth $4,343,000 after buying an additional 6,300 shares in the last quarter. Hermes Investment Management Ltd. raised its stake in shares of Phoenix New Media Limited by 28.9% in the second quarter. Hermes Investment Management Ltd. now owns 714,652 shares of the information services provider’s stock worth $1,880,000 after buying an additional 160,199 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Phoenix New Media Limited by 48.2% in the first quarter. Russell Investments Group Ltd. now owns 53,272 shares of the information services provider’s stock worth $185,000 after buying an additional 17,325 shares in the last quarter. Hedge funds and other institutional investors own 13.79% of the company’s stock.

Shares of Phoenix New Media Limited (NYSE:FENG) traded up 0.72% during midday trading on Friday, reaching $2.78. The company had a trading volume of 5,634 shares. Phoenix New Media Limited has a 52-week low of $2.43 and a 52-week high of $4.30. The stock has a market capitalization of $214.14 million, a PE ratio of 38.61 and a beta of 1.13. The company’s 50 day moving average price is $2.68 and its 200 day moving average price is $3.23.

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Phoenix New Media Limited Company Profile

Phoenix New Media Limited is a media company providing content on an integrated platform across Internet, mobile and television channels in China. The Company enables consumers to access professional news and other information, and upload text and images (UGC) on the Internet and through their mobile devices.

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Institutional Ownership by Quarter for Phoenix New Media Limited (NYSE:FENG)

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