DNB Asset Management AS purchased a new position in shares of DHT Holdings Inc (NYSE:DHT) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 124,300 shares of the shipping company’s stock, valued at approximately $584,000. DNB Asset Management AS owned approximately 0.09% of DHT as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Northern Trust Corp lifted its position in DHT by 4.1% in the 2nd quarter. Northern Trust Corp now owns 2,783,759 shares of the shipping company’s stock valued at $13,056,000 after acquiring an additional 110,645 shares in the last quarter. Odey Asset Management Group Ltd bought a new stake in DHT in the 2nd quarter valued at $350,000. Lansdowne Partners UK LLP lifted its position in DHT by 185.4% in the 2nd quarter. Lansdowne Partners UK LLP now owns 2,581,741 shares of the shipping company’s stock valued at $12,109,000 after acquiring an additional 1,677,197 shares in the last quarter. Renaissance Technologies LLC lifted its position in DHT by 16.1% in the 2nd quarter. Renaissance Technologies LLC now owns 3,034,400 shares of the shipping company’s stock valued at $14,231,000 after acquiring an additional 420,500 shares in the last quarter. Finally, FMR LLC bought a new stake in DHT in the 2nd quarter valued at $1,197,000. 39.92% of the stock is currently owned by institutional investors.
DHT opened at $4.84 on Friday. DHT Holdings Inc has a 12 month low of $3.27 and a 12 month high of $5.07. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.33 and a current ratio of 1.64.
DHT (NYSE:DHT) last issued its quarterly earnings results on Tuesday, August 7th. The shipping company reported ($0.17) EPS for the quarter, hitting the consensus estimate of ($0.17). DHT had a negative net margin of 15.45% and a negative return on equity of 5.01%. The firm had revenue of $34.44 million for the quarter, compared to analysts’ expectations of $36.20 million. On average, equities research analysts anticipate that DHT Holdings Inc will post -0.36 earnings per share for the current fiscal year.
Several equities research analysts recently commented on the stock. ValuEngine raised shares of DHT from a “hold” rating to a “buy” rating in a research report on Saturday, October 6th. Zacks Investment Research cut shares of DHT from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. JPMorgan Chase & Co. raised shares of DHT from a “neutral” rating to an “overweight” rating and set a $7.00 price objective on the stock in a research report on Friday. Morgan Stanley boosted their price objective on shares of DHT from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Wednesday, July 18th. Finally, Maxim Group reaffirmed a “buy” rating and issued a $6.00 price objective on shares of DHT in a research report on Thursday, August 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $5.75.
DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Oslo, Norway and Singapore. As of February 6, 2018, it had a fleet of 27 very large crude carriers and 2 Aframaxes with deadweight tons of 8,590,740. The company was founded in 2005 and is headquartered in Hamilton, Bermuda.
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