Renaissance Technologies LLC lifted its holdings in shares of PLDT Inc. (NYSE:PHI – Free Report) by 1.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,327,067 shares of the technology company’s stock after purchasing an additional 29,024 shares during the quarter. Renaissance Technologies LLC’s holdings in PLDT were worth $48,961,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of PHI. CWM LLC grew its stake in PLDT by 22.1% in the 4th quarter. CWM LLC now owns 2,590 shares of the technology company’s stock worth $56,000 after buying an additional 469 shares in the last quarter. Signaturefd LLC increased its holdings in shares of PLDT by 8.7% in the 4th quarter. Signaturefd LLC now owns 7,472 shares of the technology company’s stock worth $162,000 after buying an additional 597 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of PLDT by 6.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 13,514 shares of the technology company’s stock valued at $253,000 after buying an additional 862 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of PLDT by 272.1% during the 4th quarter. Farther Finance Advisors LLC now owns 1,306 shares of the technology company’s stock valued at $28,000 after buying an additional 955 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of PLDT during the 4th quarter valued at $26,000. 2.26% of the stock is currently owned by institutional investors.
PLDT Stock Up 0.3%
Shares of PHI opened at $19.75 on Tuesday. The firm has a market cap of $4.27 billion, a P/E ratio of 8.23, a P/E/G ratio of 2.91 and a beta of 0.61. The stock has a 50 day simple moving average of $18.41 and a two-hundred day simple moving average of $20.68. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.42 and a quick ratio of 0.40. PLDT Inc. has a 1 year low of $17.05 and a 1 year high of $24.51.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on PHI. Weiss Ratings lowered shares of PLDT from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, June 3rd. Zacks Research upgraded PLDT from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, PLDT presently has a consensus rating of “Hold”.
Read Our Latest Research Report on PLDT
PLDT Company Profile
Philippine Long Distance Telephone Company (PLDT) is the largest integrated telecommunications provider in the Philippines, offering a comprehensive suite of fixed‐line, wireless, broadband Internet, and digital solutions to residential, enterprise, and government customers. Founded in 1928, PLDT has played a pivotal role in the development of the country’s communications infrastructure, evolving from a traditional operator of long‐distance telephone lines into a diversified digital services provider.
PLDT operates two main business segments: its fixed‐line and broadband operations under the PLDT brand and its wireless services through subsidiary Smart Communications.
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