Phoenix New Media Limited (NYSE:FENG) posted its quarterly earnings data on Tuesday. The information services provider reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.09, Briefing.com reports. The business had revenue of $58 million during the quarter, compared to analyst estimates of $54.49 million. Phoenix New Media Limited had a net margin of 2.56% and a return on equity of 1.89%. The company’s revenue was up 29.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.01 earnings per share.

Phoenix New Media Limited (FENG) opened at 2.87 on Wednesday. The firm has a market cap of $221.08 million, a price-to-earnings ratio of 39.86 and a beta of 1.13. Phoenix New Media Limited has a 52-week low of $2.43 and a 52-week high of $4.30. The stock has a 50 day moving average of $2.69 and a 200-day moving average of $3.21.

Several hedge funds have recently bought and sold shares of FENG. Russell Investments Group Ltd. bought a new stake in Phoenix New Media Limited during the fourth quarter worth about $116,000. Hermes Investment Management Ltd. raised its stake in Phoenix New Media Limited by 5.6% in the first quarter. Hermes Investment Management Ltd. now owns 554,453 shares of the information services provider’s stock worth $1,935,000 after buying an additional 29,416 shares during the period. Acadian Asset Management LLC raised its stake in Phoenix New Media Limited by 51.2% in the first quarter. Acadian Asset Management LLC now owns 431,626 shares of the information services provider’s stock worth $1,507,000 after buying an additional 146,165 shares during the period. Renaissance Technologies LLC raised its stake in Phoenix New Media Limited by 0.5% in the first quarter. Renaissance Technologies LLC now owns 1,244,500 shares of the information services provider’s stock worth $4,343,000 after buying an additional 6,300 shares during the period. Finally, State Street Corp raised its stake in Phoenix New Media Limited by 18.7% in the second quarter. State Street Corp now owns 104,261 shares of the information services provider’s stock worth $274,000 after buying an additional 16,457 shares during the period. 14.00% of the stock is owned by institutional investors and hedge funds.

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About Phoenix New Media Limited

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.

Earnings History for Phoenix New Media Limited (NYSE:FENG)

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