Sensato Investors LLC lowered its position in Phoenix New Media Ltd (NYSE:FENG) by 8.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 336,522 shares of the information services provider’s stock after selling 30,000 shares during the quarter. Sensato Investors LLC owned approximately 0.47% of Phoenix New Media worth $2,184,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. Renaissance Technologies LLC lifted its holdings in Phoenix New Media by 17.5% during the fourth quarter. Renaissance Technologies LLC now owns 1,532,700 shares of the information services provider’s stock worth $9,947,000 after buying an additional 228,500 shares during the period. Sylebra HK Co Ltd purchased a new stake in Phoenix New Media during the third quarter worth $5,617,000. BlackRock Inc. lifted its holdings in Phoenix New Media by 125.6% during the fourth quarter. BlackRock Inc. now owns 511,348 shares of the information services provider’s stock worth $3,318,000 after buying an additional 284,672 shares during the period. Bogle Investment Management L P DE purchased a new stake in Phoenix New Media during the fourth quarter worth $2,333,000. Finally, Two Sigma Investments LP lifted its holdings in Phoenix New Media by 61.7% during the fourth quarter. Two Sigma Investments LP now owns 357,710 shares of the information services provider’s stock worth $2,322,000 after buying an additional 136,445 shares during the period. 16.78% of the stock is currently owned by institutional investors.
Shares of Phoenix New Media Ltd (FENG) opened at $5.02 on Wednesday. Phoenix New Media Ltd has a twelve month low of $2.43 and a twelve month high of $8.14. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $410.17, a price-to-earnings ratio of 81.71 and a beta of 1.41.
Separately, Macquarie upgraded Phoenix New Media from a “neutral” rating to an “outperform” rating in a report on Tuesday, November 14th.
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Phoenix New Media 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.
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