Quantinno Capital Management LP Grows Holdings in PLDT Inc. $PHI

Quantinno Capital Management LP raised its stake in shares of PLDT Inc. (NYSE:PHI) by 47.0% during the first quarter, HoldingsChannel reports. The fund owned 121,103 shares of the technology company’s stock after acquiring an additional 38,731 shares during the quarter. Quantinno Capital Management LP’s holdings in PLDT were worth $2,548,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Invesco Ltd. lifted its stake in PLDT by 14.1% during the third quarter. Invesco Ltd. now owns 1,697,399 shares of the technology company’s stock worth $31,741,000 after purchasing an additional 209,385 shares during the last quarter. UBS Group AG grew its position in PLDT by 41.4% in the 3rd quarter. UBS Group AG now owns 251,013 shares of the technology company’s stock worth $4,694,000 after purchasing an additional 73,439 shares during the last quarter. Jane Street Group LLC grew its holdings in PLDT by 227.9% in the 1st quarter. Jane Street Group LLC now owns 77,493 shares of the technology company’s stock worth $1,695,000 after buying an additional 53,861 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of PLDT by 20.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 181,574 shares of the technology company’s stock valued at $3,951,000 after purchasing an additional 30,803 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of PLDT by 1.3% during the first quarter. Renaissance Technologies LLC now owns 2,327,067 shares of the technology company’s stock valued at $48,961,000 after purchasing an additional 29,024 shares in the last quarter. Institutional investors own 2.26% of the company’s stock.

PLDT Stock Performance

Shares of PHI opened at $20.07 on Monday. The company’s 50 day moving average price is $18.59 and its 200 day moving average price is $20.54. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.40 and a current ratio of 0.42. PLDT Inc. has a 52 week low of $17.05 and a 52 week high of $24.51. The company has a market capitalization of $4.34 billion, a PE ratio of 8.36, a PEG ratio of 2.96 and a beta of 0.60.

PLDT (NYSE:PHI) last posted its quarterly earnings results on Friday, May 15th. The technology company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. PLDT had a net margin of 13.62% and a return on equity of 27.37%. The business had revenue of $932.80 million for the quarter, compared to the consensus estimate of $913.26 million. Research analysts expect that PLDT Inc. will post 2.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on PHI. Zacks Research upgraded PLDT from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Weiss Ratings cut shares of PLDT from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, June 3rd. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

PLDT 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.