BidaskClub Lowers Phoenix New Media Limited (FENG) to Hold

BidaskClub downgraded shares of Phoenix New Media Limited (NYSE:FENG) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

Phoenix New Media Limited (FENG) opened at 5.44 on Friday. The firm has a market cap of $419.04 million, a P/E ratio of 40.90 and a beta of 1.10. The company’s 50 day moving average is $5.82 and its 200-day moving average is $3.91. Phoenix New Media Limited has a 52 week low of $2.43 and a 52 week high of $6.73.

Phoenix New Media Limited (NYSE:FENG) last announced its quarterly earnings data on Tuesday, August 15th. The information services provider reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.09. The company had revenue of $58.00 million during the quarter, compared to analyst estimates of $54.49 million. Phoenix New Media Limited had a net margin of 4.39% and a return on equity of 3.00%. The firm’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same period last year, the business earned $0.01 EPS. Equities analysts expect that Phoenix New Media Limited will post ($0.08) earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This story was published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another publication, it was copied illegally and reposted in violation of US and international copyright and trademark law. The correct version of this story can be accessed at https://www.com-unik.info/2017/11/01/bidaskclub-lowers-phoenix-new-media-limited-feng-to-hold.html.

A number of hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC grew its holdings in Phoenix New Media Limited by 0.5% during the 1st quarter. Renaissance Technologies LLC now owns 1,244,500 shares of the information services provider’s stock worth $4,343,000 after acquiring an additional 6,300 shares in the last quarter. Hermes Investment Management Ltd. grew its holdings in Phoenix New Media Limited by 28.9% during the 2nd quarter. Hermes Investment Management Ltd. now owns 714,652 shares of the information services provider’s stock worth $1,880,000 after acquiring an additional 160,199 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Phoenix New Media Limited by 52.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 184,695 shares of the information services provider’s stock worth $486,000 after acquiring an additional 63,378 shares in the last quarter. GAM Holding AG acquired a new position in Phoenix New Media Limited during the 2nd quarter worth $395,000. Finally, State Street Corp grew its holdings in Phoenix New Media Limited by 18.7% during the 2nd quarter. State Street Corp now owns 104,261 shares of the information services provider’s stock worth $274,000 after acquiring an additional 16,457 shares in the last quarter. 12.39% of the stock is owned by institutional investors.

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.

What are top analysts saying about Phoenix New Media Limited? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Phoenix New Media Limited and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit