Group One Trading L.P. Sells 9,863 Shares of Phoenix New Media Ltd (FENG)

Group One Trading L.P. reduced its holdings in shares of Phoenix New Media Ltd (NYSE:FENG) by 49.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,050 shares of the information services provider’s stock after selling 9,863 shares during the quarter. Group One Trading L.P.’s holdings in Phoenix New Media were worth $32,000 at the end of the most recent quarter.

Separately, BlackRock Inc. lifted its stake in Phoenix New Media by 13.7% in the 3rd quarter. BlackRock Inc. now owns 679,564 shares of the information services provider’s stock worth $2,867,000 after purchasing an additional 82,010 shares in the last quarter. Hedge funds and other institutional investors own 14.86% of the company’s stock.

FENG has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Phoenix New Media from a “hold” rating to a “sell” rating in a research note on Tuesday, October 16th. ValuEngine lowered shares of Phoenix New Media from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th.

Phoenix New Media stock traded up $0.03 during trading hours on Wednesday, reaching $3.41. The stock had a trading volume of 3,933 shares, compared to its average volume of 135,783. The firm has a market cap of $249.58 million, a PE ratio of 42.63 and a beta of 2.45. Phoenix New Media Ltd has a 52 week low of $2.83 and a 52 week high of $6.00. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.01.

Phoenix New Media (NYSE:FENG) last announced its quarterly earnings results on Monday, November 12th. The information services provider reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). The firm had revenue of $47.86 million during the quarter, compared to the consensus estimate of $56.53 million. Phoenix New Media had a negative return on equity of 0.60% and a negative net margin of 1.07%.

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

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