PHI (PHIIK) Upgraded to Buy by ValuEngine

ValuEngine upgraded shares of PHI (NASDAQ:PHIIK) from a hold rating to a buy rating in a report published on Friday.

Shares of PHI (PHIIK) traded down $0.41 on Friday, hitting $12.56. 15,400 shares of the company traded hands, compared to its average volume of 38,526. The company has a quick ratio of 5.96, a current ratio of 7.19 and a debt-to-equity ratio of 1.03. PHI has a 12 month low of $8.09 and a 12 month high of $18.45.

A number of large investors have recently bought and sold shares of the business. Van Den Berg Management I Inc. boosted its stake in shares of PHI by 15.2% during the 3rd quarter. Van Den Berg Management I Inc. now owns 1,030,994 shares of the energy producer’s stock worth $12,124,000 after acquiring an additional 136,269 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of PHI by 3.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 59,986 shares of the energy producer’s stock worth $586,000 after acquiring an additional 1,805 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of PHI by 63.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 24,329 shares of the energy producer’s stock worth $237,000 after acquiring an additional 9,452 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of PHI by 11.7% during the 2nd quarter. Teachers Advisors LLC now owns 24,295 shares of the energy producer’s stock worth $237,000 after acquiring an additional 2,540 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of PHI by 11.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 19,466 shares of the energy producer’s stock worth $190,000 after acquiring an additional 1,979 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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