Vanguard Group Inc. Sells 66,726 Shares of PHI, Inc. (PHIIK)

Vanguard Group Inc. reduced its stake in PHI, Inc. (NASDAQ:PHIIK) by 18.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 300,543 shares of the energy producer’s stock after selling 66,726 shares during the period. Vanguard Group Inc. owned approximately 1.91% of PHI worth $2,933,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Teachers Advisors LLC boosted its position in shares of PHI by 11.7% during the second quarter. Teachers Advisors LLC now owns 24,295 shares of the energy producer’s stock valued at $237,000 after buying an additional 2,540 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of PHI by 3.1% during the second quarter. Bank of New York Mellon Corp now owns 59,986 shares of the energy producer’s stock valued at $586,000 after buying an additional 1,805 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of PHI by 12.0% during the second quarter. SG Americas Securities LLC now owns 10,567 shares of the energy producer’s stock valued at $103,000 after buying an additional 1,136 shares during the last quarter. 60.24% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PHI, Inc. (NASDAQ PHIIK) opened at $12.19 on Wednesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.96 and a current ratio of 7.19. PHI, Inc. has a 12-month low of $8.09 and a 12-month high of $18.45.

Separately, ValuEngine raised PHI from a “hold” rating to a “buy” rating in a research report on Friday, December 1st.

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PHI Company Profile

PHI, Inc is engaged in transportation of personnel to, from, and among offshore platforms for customers engaged in the oil and gas exploration, development and production industry. The Company offers these services in various domestic and international markets. Most of its offshore flight operations are concentrated in the Gulf of Mexico.

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Institutional Ownership by Quarter for PHI (NASDAQ:PHIIK)

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