Cedar Capital LLC Decreases Holdings in DHT Holdings, Inc. (DHT)

Cedar Capital LLC trimmed its position in shares of DHT Holdings, Inc. (NYSE:DHT) by 13.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 653,904 shares of the shipping company’s stock after selling 105,414 shares during the period. DHT Holdings makes up about 1.2% of Cedar Capital LLC’s holdings, making the stock its 16th largest holding. Cedar Capital LLC owned about 0.46% of DHT Holdings worth $2,603,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of DHT Holdings by 2.2% during the first quarter. Dimensional Fund Advisors LP now owns 7,838,331 shares of the shipping company’s stock worth $35,037,000 after acquiring an additional 172,294 shares during the period. State Street Corp increased its holdings in DHT Holdings by 15.7% in the second quarter. State Street Corp now owns 2,388,793 shares of the shipping company’s stock valued at $9,911,000 after buying an additional 323,923 shares during the last quarter. Morgan Stanley increased its holdings in DHT Holdings by 2.8% in the first quarter. Morgan Stanley now owns 1,212,305 shares of the shipping company’s stock valued at $5,419,000 after buying an additional 32,683 shares during the last quarter. Prudential Financial Inc. increased its holdings in DHT Holdings by 1.7% in the third quarter. Prudential Financial Inc. now owns 980,540 shares of the shipping company’s stock valued at $3,903,000 after buying an additional 15,950 shares during the last quarter. Finally, State of Wisconsin Investment Board increased its holdings in DHT Holdings by 63.9% in the third quarter. State of Wisconsin Investment Board now owns 901,300 shares of the shipping company’s stock valued at $3,587,000 after buying an additional 351,300 shares during the last quarter. Institutional investors own 33.56% of the company’s stock.

DHT has been the topic of several recent analyst reports. ValuEngine lowered DHT Holdings from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Maxim Group set a $7.00 target price on DHT Holdings and gave the company a “buy” rating in a report on Wednesday, August 9th. BidaskClub lowered DHT Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Zacks Investment Research lowered DHT Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Finally, Stifel Nicolaus set a $5.00 target price on DHT Holdings and gave the company a “hold” rating in a report on Sunday, October 29th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $6.00.

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Shares of DHT Holdings, Inc. (DHT) traded down $0.05 during mid-day trading on Friday, hitting $3.97. The company’s stock had a trading volume of 467,600 shares, compared to its average volume of 510,848. The stock has a market capitalization of $565.12, a price-to-earnings ratio of 8.63, a price-to-earnings-growth ratio of 4.86 and a beta of 0.95. DHT Holdings, Inc. has a 12 month low of $3.44 and a 12 month high of $5.20. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.75 and a current ratio of 1.75.

About DHT Holdings

DHT Holdings, Inc operates a fleet of crude oil tankers. As of March 21, 2017, the Company’s fleet consisted of 21 crude oil tankers in operation. As of March 21, 2017, the Company’s fleet consisted of 19 very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (dwt), and two Aframax tankers (Aframaxes), which are tankers ranging in size from 80,000 to 120,000 dwt.

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Institutional Ownership by Quarter for DHT Holdings (NYSE:DHT)

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