PHI INC/SH (PHII) Debt Trading 1.3% Lower

An issue of PHI INC/SH (NASDAQ:PHII) bonds fell 1.3% as a percentage of their face value during trading on Tuesday. The high-yield debt issue has a 5.25% coupon and is set to mature on March 15, 2019. The bonds in the issue are now trading at $66.25 and were trading at $69.86 one week ago. Price changes in a company’s bonds in credit markets sometimes anticipate parallel changes in its stock price.

Shares of PHI INC/SH stock traded down $0.11 during midday trading on Thursday, hitting $3.62. 14,900 shares of the company traded hands, compared to its average volume of 37,457. The company has a quick ratio of 0.45, a current ratio of 0.58 and a debt-to-equity ratio of 0.22. PHI INC/SH has a 12 month low of $2.25 and a 12 month high of $13.95.

A hedge fund recently raised its stake in PHI INC/SH stock. Vanguard Group Inc. lifted its stake in shares of PHI INC/SH (NASDAQ:PHII) by 447.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 594,585 shares of the energy producer’s stock after purchasing an additional 485,899 shares during the quarter. Vanguard Group Inc. owned 3.76% of PHI INC/SH worth $5,527,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 1.42% of the company’s stock.

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PHI, Inc, together with its subsidiaries, provides transportation services to, from, and among offshore facilities for customers in the oil and gas exploration, development, and production industry in the United States and internationally. It operates through three business segments: Oil and Gas, Air Medical, and Technical Services.

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