PHI, Inc. (PHIIK) Shares Sold by LSV Asset Management
LSV Asset Management lowered its position in shares of PHI, Inc. (NASDAQ:PHIIK) by 6.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 270,171 shares of the energy producer’s stock after selling 19,895 shares during the quarter. LSV Asset Management owned about 1.72% of PHI worth $2,636,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Marquette Asset Management Inc. bought a new stake in PHI during the second quarter valued at $110,000. Bank of New York Mellon Corp boosted its position 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 acquiring an additional 1,805 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position 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 acquiring an additional 1,136 shares during the last quarter. 62.24% of the stock is currently owned by institutional investors and hedge funds.
Shares of PHI, Inc. (PHIIK) opened at 11.95 on Wednesday. The company’s market cap is $188.79 million. The firm’s 50-day moving average is $11.22 and its 200-day moving average is $10.95. PHI, Inc. has a 12 month low of $8.09 and a 12 month high of $19.01.
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.
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