LSV Asset Management Cuts Stake in PHI Inc. (PHIIK)
LSV Asset Management trimmed its position in PHI Inc. (NASDAQ:PHIIK) by 23.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 137,684 shares of the energy producer’s stock after selling 41,503 shares during the quarter. LSV Asset Management’s holdings in PHI were worth $1,593,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC raised its holdings 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 worth $178,000 after purchasing an additional 9,228 shares during the period. Van Den Berg Management I Inc. raised its holdings in shares of PHI by 15.2% in 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 purchasing an additional 136,269 shares during the period. Brandes Investment Partners LP purchased a new position in shares of PHI in the 3rd quarter worth about $153,000. Goldman Sachs Group Inc. raised its holdings 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 worth $190,000 after purchasing an additional 1,979 shares during the period. Finally, Parametric Portfolio Associates LLC raised its holdings 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 worth $237,000 after purchasing an additional 9,452 shares during the period. Institutional investors own 59.46% of the company’s stock.
Separately, ValuEngine upgraded PHI from a “hold” rating to a “buy” rating in a report on Friday, December 1st.
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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.
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