PLDT Inc. (NYSE:PHI) Short Interest Update

PLDT Inc. (NYSE:PHI) was the recipient of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 377,300 shares, a decrease of 15.6% from the November 30th total of 447,297 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 50,828 shares, the short-interest ratio is currently 7.4 days. Based on an average trading volume of 50,828 shares, the short-interest ratio is currently 7.4 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Trading of PLDT

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Invesco Ltd. lifted its holdings in shares of PLDT by 14.1% during the 3rd quarter. Invesco Ltd. now owns 1,697,399 shares of the technology company’s stock worth $31,741,000 after acquiring an additional 209,385 shares during the last quarter. UBS Group AG raised its position in PLDT by 41.4% during the third quarter. UBS Group AG now owns 251,013 shares of the technology company’s stock valued at $4,694,000 after purchasing an additional 73,439 shares in the last quarter. Jane Street Group LLC lifted its stake in PLDT by 227.9% during the first quarter. Jane Street Group LLC now owns 77,493 shares of the technology company’s stock worth $1,695,000 after purchasing an additional 53,861 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of PLDT by 25.7% in the 2nd quarter. American Century Companies Inc. now owns 151,779 shares of the technology company’s stock worth $3,303,000 after purchasing an additional 31,022 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of PLDT by 20.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 181,574 shares of the technology company’s stock valued at $3,951,000 after purchasing an additional 30,803 shares during the last quarter. Hedge funds and other institutional investors own 2.26% of the company’s stock.

PLDT Price Performance

PLDT stock opened at $21.72 on Wednesday. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 1.97 and a beta of 0.65. The company has a quick ratio of 0.37, a current ratio of 0.38 and a debt-to-equity ratio of 2.32. The business has a 50-day simple moving average of $21.05 and a 200 day simple moving average of $21.06. PLDT has a 52 week low of $18.61 and a 52 week high of $25.12.

PLDT (NYSE:PHI) last issued its quarterly earnings results on Wednesday, November 12th. The technology company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.06). PLDT had a net margin of 13.40% and a return on equity of 28.27%. The business had revenue of $922.04 million for the quarter, compared to the consensus estimate of $953.29 million. On average, research analysts forecast that PLDT will post 2.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PHI shares. Zacks Research upgraded PLDT from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PLDT in a report on Monday. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, PLDT currently has an average rating of “Hold”.

About PLDT

Philippine Long Distance Telephone Company (PLDT) is the largest integrated telecommunications provider in the Philippines, offering a comprehensive suite of fixed‐line, wireless, broadband Internet, and digital solutions to residential, enterprise, and government customers. Founded in 1928, PLDT has played a pivotal role in the development of the country’s communications infrastructure, evolving from a traditional operator of long‐distance telephone lines into a diversified digital services provider.

PLDT operates two main business segments: its fixed‐line and broadband operations under the PLDT brand and its wireless services through subsidiary Smart Communications.