West Face Capital Lowers stake in PHI (PHIIK)

PHI (PHIIK) : West Face Capital reduced its stake in PHI by 11.65% during the most recent quarter end. The investment management company now holds a total of 3,215,836 shares of PHI which is valued at $59,492,966 after selling 424,000 shares in PHI , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.PHI makes up approximately 30.56% of West Face Capital’s portfolio.

Other Hedge Funds, Including , D. E. Shaw reduced its stake in PHIIK by selling 2,548 shares or 4.05% in the most recent quarter. The Hedge Fund company now holds 60,349 shares of PHIIK which is valued at $1,116,457.Geode Capital Management boosted its stake in PHIIK in the latest quarter, The investment management firm added 1,063 additional shares and now holds a total of 105,194 shares of PHI which is valued at $1,946,089.Blackrock Advisors boosted its stake in PHIIK in the latest quarter, The investment management firm added 2,313 additional shares and now holds a total of 25,883 shares of PHI which is valued at $478,836.Gsa Capital Partners Llp reduced its stake in PHIIK by selling 11,600 shares or 30.16% in the most recent quarter. The Hedge Fund company now holds 26,857 shares of PHIIK which is valued at $514,043. PHI makes up approx 0.03% of Gsa Capital Partners Llp’s portfolio.

PHI opened for trading at $18.5 and hit $18.97 on the upside on Thursday, eventually ending the session at $18.93, with a gain of 1.61% or 0.3 points. The heightened volatility saw the trading volume jump to 52,687 shares. Company has a market cap of $297 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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