Allianz Asset Management GmbH reduced its stake in DHT Holdings Inc (NYSE:DHT) by 14.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,169,818 shares of the shipping company’s stock after selling 197,504 shares during the quarter. Allianz Asset Management GmbH owned 0.82% of DHT worth $4,656,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. Voya Investment Management LLC lifted its holdings in shares of DHT by 16.8% in the 2nd quarter. Voya Investment Management LLC now owns 46,770 shares of the shipping company’s stock worth $194,000 after acquiring an additional 6,737 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its holdings in shares of DHT by 11.7% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 70,615 shares of the shipping company’s stock worth $293,000 after acquiring an additional 7,388 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of DHT by 87.1% in the 1st quarter. Bank of America Corp DE now owns 26,646 shares of the shipping company’s stock worth $119,000 after acquiring an additional 12,407 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of DHT by 2.2% in the 2nd quarter. California Public Employees Retirement System now owns 691,858 shares of the shipping company’s stock worth $2,871,000 after acquiring an additional 15,000 shares during the last quarter. Finally, Prudential Financial Inc. lifted its holdings in shares of DHT by 1.7% in the 3rd quarter. Prudential Financial Inc. now owns 980,540 shares of the shipping company’s stock worth $3,903,000 after acquiring an additional 15,950 shares during the last quarter. Hedge funds and other institutional investors own 35.70% of the company’s stock.
Several equities analysts have recently commented on the stock. ValuEngine upgraded shares of DHT from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Maxim Group set a $7.00 price objective on shares of DHT and gave the stock a “buy” rating in a report on Tuesday, November 14th. Stifel Nicolaus set a $5.00 price objective on shares of DHT and gave the stock a “hold” rating in a report on Sunday, October 29th. Jefferies Group initiated coverage on shares of DHT in a research note on Monday, December 18th. They set a “buy” rating and a $6.00 target price on the stock. Finally, TheStreet raised shares of DHT from a “d+” rating to a “c-” rating in a research note on Monday, November 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. DHT has a consensus rating of “Hold” and a consensus price target of $6.00.
Shares of DHT Holdings Inc (DHT) traded down $0.03 on Friday, reaching $3.79. 839,631 shares of the company traded hands, compared to its average volume of 827,789. DHT Holdings Inc has a 1 year low of $3.52 and a 1 year high of $5.20. The stock has a market cap of $539.50, a P/E ratio of 11.84, a P/E/G ratio of 2.81 and a beta of 0.93. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.65 and a current ratio of 1.65.
DHT (NYSE:DHT) last announced its earnings results on Monday, November 13th. The shipping company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.04. DHT had a net margin of 9.68% and a return on equity of 4.84%. The firm had revenue of $54.80 million for the quarter, compared to the consensus estimate of $50.43 million. During the same period in the prior year, the firm earned ($0.81) EPS. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. research analysts predict that DHT Holdings Inc will post 0.19 earnings per share for the current year.
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DHT Holdings, Inc is an independent crude oil tanker company. The Company’s fleet trades internationally and consists of crude oil tankers in the very large crude carriers (VLCC) and Aframax segments. As of December 1, 2017, the Company’s fleet consisted of 27 crude oil tankers in operation; 25 VLCCs, which are tankers ranging in size from 200,000 to 320,000 deadweight tons (dwt), and two Aframax tankers, which are tankers ranging in size from 80,000 to 120,000 dwt.
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