BidaskClub lowered shares of Phoenix New Media Limited (NYSE:FENG) from a buy rating to a hold rating in a research note released on Wednesday.

Phoenix New Media Limited (NYSE FENG) traded up 12.10% during trading on Wednesday, reaching $5.28. The company’s stock had a trading volume of 3,073,750 shares. The stock has a market capitalization of $406.72 million, a price-to-earnings ratio of 39.40 and a beta of 1.01. Phoenix New Media Limited has a 52 week low of $2.43 and a 52 week high of $5.50. The firm has a 50 day moving average of $3.72 and a 200 day moving average of $3.35.

Phoenix New Media Limited (NYSE:FENG) last released its quarterly earnings results on Tuesday, August 15th. The information services provider reported $0.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.09. The company had revenue of $58.00 million for the quarter, compared to analysts’ expectations of $54.49 million. Phoenix New Media Limited had a return on equity of 3.00% and a net margin of 4.39%. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 earnings per share. Analysts expect that Phoenix New Media Limited will post ($0.05) EPS for the current year.

TRADEMARK VIOLATION WARNING: “Phoenix New Media Limited (FENG) Downgraded to “Hold” at BidaskClub” was first published by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright law. The correct version of this piece of content can be accessed at https://www.dailypolitical.com/2017/09/14/phoenix-new-media-limited-feng-downgraded-to-hold-at-bidaskclub.html.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its stake in shares of Phoenix New Media Limited by 0.5% during the first quarter. Renaissance Technologies LLC now owns 1,244,500 shares of the information services provider’s stock valued at $4,343,000 after acquiring an additional 6,300 shares during the period. State Street Corp increased its stake in shares of Phoenix New Media Limited by 18.7% during the second quarter. State Street Corp now owns 104,261 shares of the information services provider’s stock valued at $274,000 after acquiring an additional 16,457 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Phoenix New Media Limited by 48.2% during the first quarter. Russell Investments Group Ltd. now owns 53,272 shares of the information services provider’s stock valued at $185,000 after acquiring an additional 17,325 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Phoenix New Media Limited by 52.2% during the second quarter. Dimensional Fund Advisors LP now owns 184,695 shares of the information services provider’s stock valued at $486,000 after acquiring an additional 63,378 shares during the period. Finally, GAM Holding AG acquired a new position in shares of Phoenix New Media Limited during the second quarter valued at approximately $395,000. Institutional investors and hedge funds own 12.29% of the company’s stock.

About Phoenix New Media Limited

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.

Receive News & Ratings for Phoenix New Media Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phoenix New Media Limited and related companies with MarketBeat.com's FREE daily email newsletter.