Rhumbline Advisers Has $299,000 Stake in PLDT Inc. (NYSE:PHI)

Rhumbline Advisers trimmed its holdings in PLDT Inc. (NYSE:PHI - Free Report) by 48.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,690 shares of the technology company's stock after selling 12,992 shares during the period. Rhumbline Advisers' holdings in PLDT were worth $299,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in PLDT by 3,217.4% in the 1st quarter. GAMMA Investing LLC now owns 48,136 shares of the technology company's stock valued at $1,053,000 after buying an additional 46,685 shares during the last quarter. Vident Advisory LLC lifted its holdings in PLDT by 2.0% during the 4th quarter. Vident Advisory LLC now owns 42,876 shares of the technology company's stock valued at $950,000 after purchasing an additional 854 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in PLDT by 23.3% during the 4th quarter. Quantinno Capital Management LP now owns 16,640 shares of the technology company's stock valued at $369,000 after purchasing an additional 3,145 shares during the last quarter. Bank of America Corp DE boosted its stake in PLDT by 12.5% in the 4th quarter. Bank of America Corp DE now owns 27,170 shares of the technology company's stock valued at $602,000 after purchasing an additional 3,023 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in PLDT by 49.4% in 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 during the period. Institutional investors own 2.26% of the company's stock.

PLDT Stock Up 0.3%

Shares of NYSE PHI opened at $21.35 on Wednesday. The company has a 50 day simple moving average of $22.78 and a 200 day simple moving average of $22.74. The firm has a market cap of $4.61 billion, a PE ratio of 8.44, a price-to-earnings-growth ratio of 0.95 and a beta of 0.74. PLDT Inc. has a 1 year low of $20.29 and a 1 year high of $29.05. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.36 and a quick ratio of 0.35.

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

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of PLDT from a "buy" rating to a "hold" rating in a research note on Friday, June 6th.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.