Freshford Capital Management Lowers stake in PHI (PHIIK)

PHI (PHIIK) : Freshford Capital Management reduced its stake in PHI by 19.15% during the most recent quarter end. The investment management company now holds a total of 199,056 shares of PHI which is valued at $3,682,536 after selling 47,143 shares in PHI , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.PHI makes up approximately 1.05% of Freshford Capital Management’s portfolio.

Other Hedge Funds, Including , Municipal Employees’ Retirement System Of Michigan sold out all of its stake in PHIIK during the most recent quarter. The investment firm sold 33,100 shares of PHIIK which is valued $612,350.Menta Capital boosted its stake in PHIIK in the latest quarter, The investment management firm added 2,730 additional shares and now holds a total of 40,588 shares of PHI which is valued at $750,878. PHI makes up approx 0.10% of Menta Capital’s portfolio.Credit Suisse Ag boosted its stake in PHIIK in the latest quarter, The investment management firm added 4,095 additional shares and now holds a total of 20,951 shares of PHI which is valued at $387,594. Tfs Capital sold out all of its stake in PHIIK during the most recent quarter. The investment firm sold 79,611 shares of PHIIK which is valued $1,472,804.Alambic Investment Management reduced its stake in PHIIK by selling 8,251 shares or 18.76% in the most recent quarter. The Hedge Fund company now holds 35,730 shares of PHIIK which is valued at $662,792. PHI makes up approx 0.15% of Alambic Investment Management’s portfolio.

PHI closed down -0.04 points or -0.21% at $18.89 with 59,249 shares getting traded on Wednesday. Post opening the session at $18.75, the shares hit an intraday low of $18.55 and an intraday high of $19 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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