Signaturefd LLC boosted its stake in PLDT Inc (NYSE:PHI) by 131.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 5,659 shares of the technology company’s stock after acquiring an additional 3,211 shares during the period. Signaturefd LLC’s holdings in PLDT were worth $140,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. Advisor Group Inc. boosted its position in shares of PLDT by 970.3% during the second quarter. Advisor Group Inc. now owns 974 shares of the technology company’s stock valued at $25,000 after purchasing an additional 883 shares in the last quarter. Aperio Group LLC boosted its position in shares of PLDT by 49.5% during the second quarter. Aperio Group LLC now owns 516,600 shares of the technology company’s stock valued at $12,822,000 after purchasing an additional 170,992 shares in the last quarter. First Trust Advisors LP bought a new stake in shares of PLDT during the second quarter valued at approximately $702,000. Wetherby Asset Management Inc. boosted its position in shares of PLDT by 71.7% during the second quarter. Wetherby Asset Management Inc. now owns 19,354 shares of the technology company’s stock valued at $480,000 after purchasing an additional 8,085 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in shares of PLDT by 42.6% during the second quarter. Quadrant Capital Group LLC now owns 16,956 shares of the technology company’s stock valued at $418,000 after purchasing an additional 5,068 shares in the last quarter. Institutional investors and hedge funds own 8.16% of the company’s stock.
PLDT stock opened at $21.33 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.43 and a debt-to-equity ratio of 1.49. The business’s fifty day simple moving average is $23.25 and its two-hundred day simple moving average is $23.10. PLDT Inc has a 12 month low of $19.36 and a 12 month high of $27.65. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 9.40 and a beta of 0.56.
Several equities research analysts recently weighed in on the company. CLSA lowered PLDT from an “outperform” rating to an “underperform” rating in a research report on Friday, June 7th. Nomura upgraded PLDT from a “neutral” rating to a “buy” rating in a research report on Friday, August 9th. Finally, Zacks Investment Research downgraded PLDT from a “buy” rating to a “hold” rating in a report on Tuesday. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. PLDT presently has an average rating of “Hold” and an average price target of $25.00.
PLDT Inc operates as a telecommunications company in the Philippines. The company operates in three segments: Wireless, Fixed Line, and Others. The Wireless segment offers cellular mobile, Internet broadband distribution, operations support, software development, and satellite information and messaging services; and sells Wi-Fi access equipment.
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