PLDT Inc. (NYSE:PHI) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC increased its stake in PLDT Inc. (NYSE:PHI) by 3,217.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 48,136 shares of the technology company’s stock after buying an additional 46,685 shares during the quarter. GAMMA Investing LLC’s holdings in PLDT were worth $1,053,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in shares of PLDT in the fourth quarter valued at about $49,000. BNP Paribas Financial Markets grew its stake in PLDT by 49.4% during the 4th quarter. BNP Paribas Financial Markets now owns 4,396 shares of the technology company’s stock valued at $97,000 after purchasing an additional 1,453 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in PLDT by 12.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 11,629 shares of the technology company’s stock valued at $258,000 after purchasing an additional 1,310 shares in the last quarter. Walleye Capital LLC acquired a new stake in PLDT during the 4th quarter valued at approximately $266,000. Finally, West Family Investments Inc. grew its stake in PLDT by 42.1% during the 4th quarter. West Family Investments Inc. now owns 12,352 shares of the technology company’s stock valued at $274,000 after purchasing an additional 3,659 shares in the last quarter. Institutional investors and hedge funds own 2.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered PLDT from a “buy” rating to a “hold” rating in a research note on Friday, June 6th.

PLDT Price Performance

Shares of NYSE PHI opened at $21.51 on Monday. PLDT Inc. has a fifty-two week low of $20.29 and a fifty-two week high of $29.05. The business has a 50 day moving average price of $22.86 and a two-hundred day moving average price of $22.79. The company has a quick ratio of 0.32, a current ratio of 0.34 and a debt-to-equity ratio of 2.24. The firm has a market cap of $4.65 billion, a PE ratio of 8.50, a price-to-earnings-growth ratio of 1.14 and a beta of 0.74.

PLDT (NYSE:PHI) last issued its quarterly earnings data on Thursday, May 15th. The technology company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.02). The business had revenue of $991.52 million for the quarter. PLDT had a net margin of 12.34% and a return on equity of 22.11%. Sell-side analysts expect that PLDT Inc. will post 2.76 earnings per share for the current fiscal year.

About PLDT

PLDT Inc provides telecommunications and digital services in the Philippines. The company operates through three segments: Wireless, Fixed Line, and Others. It offers cellular mobile, Internet broadband distribution, operations support, software development, and satellite information and messaging services; and sells Wi-Fi access equipment.