PHI (PHIIK) Upgraded to “Buy” at ValuEngine

PHI (NASDAQ:PHIIK) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Shares of PHI (NASDAQ PHIIK) traded up $0.10 during mid-day trading on Friday, reaching $12.97. 12,748 shares of the company’s stock were exchanged, compared to its average volume of 31,914. PHI has a twelve month low of $8.09 and a twelve month high of $18.45. The company has a debt-to-equity ratio of 1.03, a current ratio of 7.19 and a quick ratio of 5.96.

A number of hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC increased its holdings in 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. Bank of New York Mellon Corp increased its holdings in 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. Goldman Sachs Group Inc. increased its holdings in PHI by 11.3% during the second quarter. Goldman Sachs Group Inc. now owns 19,466 shares of the energy producer’s stock valued at $190,000 after buying an additional 1,979 shares during the last quarter. Teachers Advisors LLC increased its holdings in 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. Finally, Parametric Portfolio Associates LLC increased its holdings in PHI by 63.5% during the second quarter. Parametric Portfolio Associates LLC now owns 24,329 shares of the energy producer’s stock valued at $237,000 after buying an additional 9,452 shares during the last quarter. 60.24% of the stock is owned by institutional investors and hedge funds.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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