PHI, Inc. (PHIIK) Stake Held by Franklin Resources Inc.
Franklin Resources Inc. continued to hold its stake in PHI, Inc. (NASDAQ:PHIIK) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 635,200 shares of the energy producer’s stock at the close of the 2nd quarter. Franklin Resources Inc. owned about 4.05% of PHI worth $6,199,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of PHIIK. Marquette Asset Management Inc. acquired a new position in shares of PHI in the 2nd quarter valued at about $110,000. SG Americas Securities LLC lifted its holdings in shares of PHI by 12.0% in the 2nd quarter. SG Americas Securities LLC now owns 10,567 shares of the energy producer’s stock valued at $103,000 after buying an additional 1,136 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of PHI by 3.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 59,986 shares of the energy producer’s stock valued at $586,000 after buying an additional 1,805 shares during the period. 62.24% of the stock is owned by institutional investors.
PHI, Inc. (NASDAQ:PHIIK) opened at 11.72 on Wednesday. PHI, Inc. has a one year low of $8.09 and a one year high of $19.00. The firm’s market cap is $185.15 million. The stock has a 50 day moving average price of $11.22 and a 200 day moving average price of $10.95.
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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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