Wilen Investment Management Corp. Lowers stake in PHI (PHIIK)

PHI (PHIIK) : Wilen Investment Management Corp. reduced its stake in PHI by 2.59% during the most recent quarter end. The investment management company now holds a total of 11,283 shares of PHI which is valued at $217,311 after selling 300 shares in PHI , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.PHI makes up approximately 0.13% of Wilen Investment Management Corp.’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in PHIIK by selling 1,966 shares or 7.39% in the most recent quarter. The Hedge Fund company now holds 24,630 shares of PHIIK which is valued at $474,374. First New York Securities Ny sold out all of its stake in PHIIK during the most recent quarter. The investment firm sold 2 shares of PHIIK which is valued $39.Skylands Capital reduced its stake in PHIIK by selling 5,900 shares or 8.03% in the most recent quarter. The Hedge Fund company now holds 67,545 shares of PHIIK which is valued at $1,330,637. PHI makes up approx 0.21% of Skylands Capital’s portfolio.Acadian Asset Management boosted its stake in PHIIK in the latest quarter, The investment management firm added 6,287 additional shares and now holds a total of 19,856 shares of PHI which is valued at $399,701.

PHI opened for trading at $19.21 and hit $19.53 on the upside on Monday, eventually ending the session at $19.2, with a gain of 0.31% or 0.06 points. The heightened volatility saw the trading volume jump to 23,569 shares. Company has a market cap of $301 M.

PHI Inc. is a provider of helicopter transportation services in the Gulf of Mexico. The Company also provides helicopter services to the oil and gas industry in certain other domestic and international markets. It operates in three business segments: Oil and Gas Air Medical and Technical Services. The Company’s Oil and Gas segment provides helicopter services for the integrated and independent oil and gas production companies transporting personnel and equipment to offshore platforms in the Gulf of Mexico. In the United States the Company provides air medical transportation services for hospitals and emergency service agencies. The Technical Services segment provides helicopter repair and overhaul services. The Company is engaged in the transportation of 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 in the Gulf of Mexico.

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