Phoenix New Media (FENG) Lowered to “Hold” at ValuEngine

Phoenix New Media (NYSE:FENG) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, February 4th.

Separately, Zacks Investment Research downgraded Phoenix New Media from a “hold” rating to a “sell” rating in a research note on Tuesday, October 16th.

Shares of FENG traded down $0.05 during mid-day trading on Monday, reaching $4.73. The company’s stock had a trading volume of 302,145 shares, compared to its average volume of 140,200. The company has a market cap of $260.43 million, a P/E ratio of 59.13 and a beta of 2.45. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.18 and a current ratio of 2.18. Phoenix New Media has a 12-month low of $2.83 and a 12-month high of $6.00.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Phoenix New Media by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 254,498 shares of the information services provider’s stock valued at $813,000 after buying an additional 3,813 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Phoenix New Media by 142.2% in the 3rd quarter. Acadian Asset Management LLC now owns 61,526 shares of the information services provider’s stock valued at $260,000 after buying an additional 36,126 shares during the period. Geode Capital Management LLC acquired a new stake in shares of Phoenix New Media in the 4th quarter valued at approximately $137,000. BlackRock Inc. lifted its holdings in shares of Phoenix New Media by 9.1% in the 2nd quarter. BlackRock Inc. now owns 597,554 shares of the information services provider’s stock valued at $2,540,000 after buying an additional 49,694 shares during the period. Finally, Millennium Management LLC lifted its holdings in shares of Phoenix New Media by 232.6% in the 4th quarter. Millennium Management LLC now owns 94,661 shares of the information services provider’s stock valued at $303,000 after buying an additional 66,198 shares during the period. 13.65% of the stock is owned by institutional investors and hedge funds.

About Phoenix New Media

Phoenix New Media Limited provides content on an integrated Internet platform in the People's Republic of China. The company operates in two segments, Net Advertising Services and Paid Services. It offers content and services through three channels, including PC channel, mobile channel, and telecom operators, as well as transmits content to TV viewers, primarily through Phoenix TV.

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