Shares of Phoenix New Media Limited (NYSE:FENG) hit a new 52-week high on Thursday . The company traded as high as $5.47 and last traded at $5.41, with a volume of 3,542,951 shares traded. The stock had previously closed at $4.71.

Separately, BidaskClub raised shares of Phoenix New Media Limited from a “hold” rating to a “buy” rating in a report on Friday, August 25th.

The stock has a market capitalization of $428.29 million, a P/E ratio of 41.49 and a beta of 1.01. The firm has a 50 day moving average price of $3.94 and a 200 day moving average price of $3.38.

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

A number of large investors have recently modified their holdings of FENG. Hermes Investment Management Ltd. grew its stake in Phoenix New Media Limited by 28.9% during the second quarter. Hermes Investment Management Ltd. now owns 714,652 shares of the information services provider’s stock valued at $1,880,000 after acquiring an additional 160,199 shares in the last quarter. GAM Holding AG purchased a new position in Phoenix New Media Limited during the second quarter valued at approximately $395,000. Dimensional Fund Advisors LP grew its stake in 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 in the last quarter. Russell Investments Group Ltd. grew its stake in Phoenix New Media Limited by 48.2% in the 1st 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. Finally, State Street Corp grew its stake in Phoenix New Media Limited by 18.7% in the 2nd quarter. State Street Corp now owns 104,261 shares of the information services provider’s stock worth $274,000 after buying an additional 16,457 shares in the last quarter. 12.29% of the stock is owned by institutional investors.

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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.

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