Investors Purchase Large Volume of Call Options on Phoenix New Media (NYSE:FENG)

Phoenix New Media Ltd (NYSE:FENG) saw some unusual options trading activity on Thursday. Investors purchased 2,038 call options on the stock. This is an increase of 2,897% compared to the typical volume of 68 call options.

Shares of Phoenix New Media (NYSE FENG) opened at $7.10 on Friday. Phoenix New Media has a 12 month low of $2.43 and a 12 month high of $8.14. The stock has a market cap of $509.13, a price-to-earnings ratio of 54.62 and a beta of 1.20. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.01.

Phoenix New Media (NYSE:FENG) last announced its quarterly earnings data on Monday, November 13th. The information services provider reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.09. Phoenix New Media had a net margin of 4.32% and a return on equity of 2.87%. The company had revenue of $64.00 million during the quarter, compared to analysts’ expectations of $61.20 million. During the same period in the previous year, the company earned $0.05 EPS. The business’s quarterly revenue was up 18.5% compared to the same quarter last year.

Several analysts have recently issued reports on the stock. BidaskClub cut shares of Phoenix New Media from a “buy” rating to a “hold” rating in a research note on Saturday, October 28th. Macquarie raised shares of Phoenix New Media from a “neutral” rating to an “outperform” rating in a research note on Tuesday, November 14th.

Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its position in Phoenix New Media by 918.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 24,702 shares of the information services provider’s stock worth $143,000 after purchasing an additional 22,276 shares during the period. State Street Corp boosted its position in Phoenix New Media by 18.7% during the 2nd quarter. State Street Corp now owns 104,261 shares of the information services provider’s stock worth $274,000 after purchasing an additional 16,457 shares during the period. Russell Investments Group Ltd. boosted its position in Phoenix New Media by 106.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 69,544 shares of the information services provider’s stock worth $409,000 after purchasing an additional 35,924 shares during the period. Dimensional Fund Advisors LP boosted its position in Phoenix New Media by 52.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 184,695 shares of the information services provider’s stock worth $486,000 after purchasing an additional 63,378 shares during the period. Finally, Sylebra HK Co Ltd purchased a new stake in Phoenix New Media during the 3rd quarter worth $5,617,000. 14.41% of the stock is owned by hedge funds and other institutional investors.

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About Phoenix New Media

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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