Sylebra HK Co Ltd reduced its stake in shares of Phoenix New Media Ltd (NYSE:FENG) by 44.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 945,033 shares of the information services provider’s stock after selling 752,100 shares during the quarter. Phoenix New Media comprises approximately 0.3% of Sylebra HK Co Ltd’s holdings, making the stock its 18th largest position. Sylebra HK Co Ltd’s holdings in Phoenix New Media were worth $4,111,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in FENG. Millennium Management LLC purchased a new stake in Phoenix New Media during the 4th quarter valued at approximately $6,721,000. Park West Asset Management LLC bought a new position in shares of Phoenix New Media during the 1st quarter valued at approximately $1,728,000. Bogle Investment Management L P DE bought a new position in shares of Phoenix New Media during the 4th quarter valued at approximately $2,333,000. BlackRock Inc. boosted its position in shares of Phoenix New Media by 125.6% during the 4th quarter. BlackRock Inc. now owns 511,348 shares of the information services provider’s stock valued at $3,318,000 after acquiring an additional 284,672 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Phoenix New Media by 17.5% during the 4th quarter. Renaissance Technologies LLC now owns 1,532,700 shares of the information services provider’s stock valued at $9,947,000 after acquiring an additional 228,500 shares during the last quarter. 15.39% of the stock is owned by institutional investors and hedge funds.
Separately, ValuEngine upgraded Phoenix New Media from a “sell” rating to a “hold” rating in a research report on Thursday, May 17th.
Phoenix New Media (NYSE:FENG) last issued its quarterly earnings results on Monday, March 12th. The information services provider reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $70.98 million during the quarter. Phoenix New Media had a return on equity of 0.34% and a net margin of 0.53%.
About Phoenix New Media
Phoenix New Media Limited provides content on an integrated platform across Internet, mobile, and TV channels in the People's Republic of China. It offers content and services through three channels, including ifeng.com channel, television channel, and mobile channel, as well as transmits content to TV viewers, primarily through Phoenix TV.
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