Quadrant Capital Group LLC Increases Stock Position in PLDT Inc. (NYSE:PHI)

Quadrant Capital Group LLC grew its position in PLDT Inc. (NYSE:PHI) by 32.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,957 shares of the technology company’s stock after purchasing an additional 3,156 shares during the period. Quadrant Capital Group LLC’s holdings in PLDT were worth $303,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Citigroup Inc. increased its holdings in PLDT by 1,869.6% during the first quarter. Citigroup Inc. now owns 2,265 shares of the technology company’s stock worth $80,000 after buying an additional 2,150 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in PLDT by 585.5% during the first quarter. Tower Research Capital LLC TRC now owns 5,299 shares of the technology company’s stock worth $134,000 after buying an additional 4,526 shares during the last quarter. Signaturefd LLC increased its holdings in PLDT by 22.7% during the second quarter. Signaturefd LLC now owns 7,506 shares of the technology company’s stock worth $175,000 after buying an additional 1,389 shares during the last quarter. Portside Wealth Group LLC purchased a new stake in PLDT during the second quarter worth about $226,000. Finally, Prelude Capital Management LLC purchased a new stake in PLDT during the third quarter worth about $231,000. Hedge funds and other institutional investors own 2.27% of the company’s stock.

PLDT Price Performance

Shares of NYSE:PHI opened at $22.51 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.37 and a debt-to-equity ratio of 2.08. The firm has a market capitalization of $4.86 billion, a PE ratio of 25.58, a P/E/G ratio of 2.66 and a beta of 0.58. PLDT Inc. has a twelve month low of $19.02 and a twelve month high of $30.64. The company has a 50-day moving average price of $21.32 and a two-hundred day moving average price of $22.08.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of PLDT from a “buy” rating to a “strong-buy” rating in a report on Friday, November 10th.

PLDT Profile

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.