Two Sigma Advisers LP trimmed its position in Phoenix New Media Ltd (NYSE:FENG) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 135,706 shares of the information services provider’s stock after selling 4,800 shares during the quarter. Two Sigma Advisers LP owned approximately 0.19% of Phoenix New Media worth $434,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC acquired a new stake in Phoenix New Media during the 4th quarter valued at approximately $137,000. Dimensional Fund Advisors LP grew its stake in Phoenix New Media by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 254,498 shares of the information services provider’s stock valued at $813,000 after purchasing an additional 3,813 shares in the last quarter. Finally, BlackRock Inc. grew its stake in Phoenix New Media by 13.7% during the 3rd quarter. BlackRock Inc. now owns 679,564 shares of the information services provider’s stock valued at $2,867,000 after purchasing an additional 82,010 shares in the last quarter. 14.38% of the stock is currently owned by institutional investors.
Shares of NYSE FENG opened at $4.34 on Friday. Phoenix New Media Ltd has a fifty-two week low of $2.83 and a fifty-two week high of $5.83. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.88 and a quick ratio of 2.18.
Separately, ValuEngine upgraded Phoenix New Media from a “hold” rating to a “buy” rating in a research note on Monday, February 25th.
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Phoenix New Media Company Profile
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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