Stock of The Day: Phi Inc Stock Decline in 2016 Q2 Driven by Institutional Investors

November 21, 2016 - By Vivian Park   ·   0 Comments

Stock of The Day: Phi Inc Stock Decline in  2016 Q2 Driven by Institutional Investors

Sentiment for Phi Inc (NASDAQ:PHII)

Phi Inc (NASDAQ:PHII) institutional sentiment decreased to 0.85 in 2016 Q2. Its down -0.39, from 1.24 in 2016Q1. The ratio worsened, as 41 active investment managers increased and opened new positions, while 33 sold and decreased their equity positions in Phi Inc. The active investment managers in our partner’s database now own: 10.24 million shares, up from 10.16 million shares in 2016Q1. Also, the number of active investment managers holding Phi Inc in their top 10 positions increased from 1 to 2 for an increase of 1. Sold All: 8 Reduced: 25 Increased: 31 New Position: 10.

PHI, Inc. is engaged in transportation of personnel to, from, and among offshore platforms for clients engaged in the gas and oil exploration, development and production industry. The company has a market cap of $221.58 million. The Firm offers these services in various domestic and international markets. It currently has negative earnings. Most of its offshore flight activities are concentrated in the Gulf of Mexico.

About 1,753 shares traded hands. PHI Inc. (NASDAQ:PHII) has declined 24.12% since April 19, 2016 and is downtrending. It has underperformed by 27.98% the S&P500.

According to Zacks Investment Research, “Petroleum Helicopters, Inc.’s primary business has been to transport personnel and, to a lesser extent, parts and equipment, to, from, and among offshore platforms for customers engaged in the oil and gas exploration, development, and production industry.”

West Face Capital Inc. holds 32.69% of its portfolio in PHI Inc. for 3.22 million shares. Hawk Ridge Capital Management Lp owns 440,879 shares or 4.75% of their US portfolio. Moreover, Freshford Capital Management Llc has 1.06% invested in the company for 199,056 shares. The Illinois-based Perritt Capital Management Inc has invested 0.74% in the stock. Malaga Cove Capital Llc, a California-based fund reported 15,440 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 2 buys, and 1 insider sale for $1.08 million net activity.

PHII Company Profile

PHI, Inc., incorporated on August 24, 1994, is engaged in transportation of personnel to, from, and among offshore platforms for clients engaged in the gas and oil exploration, development and production industry. The Firm offers these services in various domestic and international markets. Most of its offshore flight activities are concentrated in the Gulf of Mexico. The Firm operates through three divisions: Oil and Gas, Air Medical, and Technical Services. The Firm also provides air medical transportation for hospitals and for emergency service agencies. In addition, it performs helicopter maintenance and repair services, primarily to existing clients that own their own aircraft. The Firm owns or operates approximately 265 aircraft domestically and internationally, of which, over 155 belongs to its Oil and Gas segment, over 104 belongs to Air Medical segment and over six are in to other operations. The Company’s principal clients are integrated energy companies and independent exploration and production companies. It also serves energy service companies, hospitals, medical programs, government agencies, and other aircraft owners and operators.

More news for PHI Inc. (NASDAQ:PHII) were recently published by: Seekingalpha.com, which released: “PHI Inc: Offshore Drilling Is Gone? No Problem” on September 09, 2016. Businesswire.com‘s article titled: “PHI, Inc. Announces Results for the First Quarter Ended March 31, 2016” and published on May 09, 2016 is yet another important article.

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By Vivian Park


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