Van Den Berg Management I Inc. boosted its position in shares of PHI Inc. (NASDAQ:PHIIK) by 8.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,122,005 shares of the energy producer’s stock after purchasing an additional 91,011 shares during the period. PHI makes up 1.5% of Van Den Berg Management I Inc.’s holdings, making the stock its 26th biggest holding. Van Den Berg Management I Inc. owned 7.10% of PHI worth $12,982,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. The Manufacturers Life Insurance Company raised its stake in shares of PHI by 213.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 11,570 shares of the energy producer’s stock valued at $133,000 after acquiring an additional 7,883 shares during the period. Brandes Investment Partners LP purchased a new stake in shares of PHI in the 3rd quarter valued at approximately $153,000. Acadian Asset Management LLC raised its stake in shares of PHI by 149.6% in the 4th quarter. Acadian Asset Management LLC now owns 15,398 shares of the energy producer’s stock valued at $178,000 after acquiring an additional 9,228 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of PHI by 11.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 19,466 shares of the energy producer’s stock valued at $190,000 after acquiring an additional 1,979 shares during the period. Finally, Parametric Portfolio Associates LLC raised its stake in shares of PHI by 63.5% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 24,329 shares of the energy producer’s stock valued at $237,000 after acquiring an additional 9,452 shares during the period. 58.10% of the stock is currently owned by institutional investors.
Separately, ValuEngine downgraded shares of PHI from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd.
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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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