GAMMA Investing LLC Acquires 46,685 Shares of PLDT Inc. (NYSE:PHI)

GAMMA Investing LLC boosted its position in PLDT Inc. (NYSE:PHI - Free Report) by 3,217.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,136 shares of the technology company's stock after purchasing an additional 46,685 shares during the quarter. GAMMA Investing LLC's holdings in PLDT were worth $1,053,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in shares of PLDT in the 4th quarter worth about $49,000. BNP Paribas Financial Markets grew its holdings in PLDT by 49.4% in the fourth quarter. BNP Paribas Financial Markets now owns 4,396 shares of the technology company's stock worth $97,000 after purchasing an additional 1,453 shares during the period. Sequoia Financial Advisors LLC increased its stake in shares of PLDT by 12.7% during the fourth 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 purchased a new position in shares of PLDT during the fourth quarter valued at approximately $266,000. Finally, West Family Investments Inc. boosted its position in shares of PLDT by 42.1% in the 4th quarter. West Family Investments Inc. now owns 12,352 shares of the technology company's stock worth $274,000 after purchasing an additional 3,659 shares in the last quarter. Hedge funds and other institutional investors own 2.26% of the company's stock.

Wall Street Analyst Weigh In

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

PLDT Stock Down 1.1%

Shares of PHI traded down $0.25 during trading hours on Thursday, hitting $21.65. The company had a trading volume of 95,800 shares, compared to its average volume of 55,626. PLDT Inc. has a 52-week low of $20.29 and a 52-week high of $29.05. The firm has a fifty day moving average price of $22.85 and a 200-day moving average price of $22.78. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of 8.56, a P/E/G ratio of 0.97 and a beta of 0.74. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.35 and a current ratio of 0.36.

PLDT (NYSE:PHI - Get Free Report) last issued its earnings results on Thursday, May 15th. The technology company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.02). PLDT had a return on equity of 29.66% and a net margin of 14.48%. The firm had revenue of $991.52 million during the quarter. On average, equities research analysts forecast that PLDT Inc. will post 2.76 EPS 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.