Helicopter Services Company PHI Inc. (PHII), Strong-Performing Advanced Energy Industries Inc. (AEIS), and Struggling EVINE Live Inc. (EVLV) Saw Insiders Purchase Shares Last Week

Let’s wrap up our discussion by examining the insider buying activity registered at PHI Inc. (NASDAQ:PHII), which saw its most influential insider purchase shares last week. Alton Anthony Gonsoulin Jr., Chairman and Chief Executive Officer, purchased 3,382 units of voting common stock (trading symbol “PHII”) and 12,500 of non-voting common stock (trading symbol “PHIIK”) last week. Following the recent purchases, Mr. Gonsoulin owns 2.04 million units of voting common stock and 1.06 million of non-voting common stock.

PHI is a leading helicopter services company that primarily provides transportation services to customers engaged in the oil and gas exploration, development, and production industry. The company also offers air medical transportation for hospitals and emergency services agencies, as well as performs helicopter maintenance and repair services. PHI operates 155 aircraft dedicated to the oil and gas industry, 104 aircraft dedicated to the air medical segment, and an additional six aircraft dedicated to other operations. The company’s oil and gas operating revenues, which accounted for 57% of total operating revenues in 2015, decreased to $459.61 million in 2015 from $516.91 million in 2014. The decrease was mainly driven by less aircraft on contract and decreased flight hours, which were presumably impacted by depressed crude oil prices, and weakening exploration and development activity in the energy sector throughout 2015. Air medical revenues totaled $312.78 million for 2015, up from $300.21 million in 2014. The increase was primarily attributable to increased transports and rate increases implemented in the first half of 2014. The share price of the company’s non-voting common stock declined 43% in the past 52 weeks, but has gained 11% year-to-date. A total number of nine hedge funds tracked by Insider Monkey owned non-voting common stock of PHI at the end of December 2015. Greg Boland’s West Face Capital owns 3.64 million units of non-voting common stock of PHI Inc. (NASDAQ:PHII) as of the end of the final quarter of 2015.

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