Wells Fargo & Company MN Has $1.46 Million Position in PHI Inc. (NASDAQ:PHIIK)

Wells Fargo & Company MN decreased its position in PHI Inc. (NASDAQ:PHIIK) by 29.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,428 shares of the energy producer’s stock after selling 50,923 shares during the period. Wells Fargo & Company MN owned approximately 0.79% of PHI worth $1,463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its holdings in PHI by 12.0% in the 2nd quarter. SG Americas Securities LLC now owns 10,567 shares of the energy producer’s stock worth $103,000 after buying an additional 1,136 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings 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 purchasing an additional 1,979 shares during the last quarter. Parametric Portfolio Associates LLC boosted its holdings 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 purchasing an additional 9,452 shares during the last quarter. Teachers Advisors LLC boosted its holdings 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 purchasing an additional 2,540 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings 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 purchasing an additional 1,805 shares during the last quarter. Institutional investors and hedge funds own 59.46% of the company’s stock.

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

Shares of PHI Inc. (PHIIK) traded down $0.11 during midday trading on Monday, reaching $10.89. The company’s stock had a trading volume of 16,240 shares, compared to its average volume of 41,222. The stock has a market capitalization of $173.78, a price-to-earnings ratio of -4.44 and a beta of 1.17. The company has a current ratio of 7.19, a quick ratio of 5.96 and a debt-to-equity ratio of 1.03. PHI Inc. has a 52 week low of $8.09 and a 52 week high of $16.84.

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PHI 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.

Institutional Ownership by Quarter for PHI (NASDAQ:PHIIK)

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