ClariVest Asset Management LLC reduced its position in shares of DHT Holdings Inc. (NYSE:DHT) by 1.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 276,951 shares of the company’s stock after selling 3,300 shares during the period. ClariVest Asset Management LLC’s holdings in DHT Holdings were worth $1,392,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. WealthTrust Axiom LLC purchased a new position in shares of DHT Holdings during the second quarter worth $102,000. Bank of Montreal Can bought a new stake in DHT Holdings during the second quarter worth approximately $2,133,000. Acadian Asset Management LLC boosted its stake in DHT Holdings by 95.9% in the second quarter. Acadian Asset Management LLC now owns 167,675 shares of the company’s stock worth $843,000 after buying an additional 82,091 shares in the last quarter. James Investment Research Inc. bought a new stake in DHT Holdings during the second quarter worth approximately $594,000. Finally, Mount Lucas Management LP boosted its stake in DHT Holdings by 18.5% in the first quarter. Mount Lucas Management LP now owns 151,750 shares of the company’s stock worth $874,000 after buying an additional 23,700 shares in the last quarter. Institutional investors and hedge funds own 67.66% of the company’s stock.
Shares of DHT Holdings Inc. (NYSE:DHT) traded down 0.48% during mid-day trading on Thursday, reaching $4.19. The company’s stock had a trading volume of 1,262,850 shares. The firm’s 50 day moving average is $4.25 and its 200-day moving average is $5.07. DHT Holdings Inc. has a 52-week low of $4.00 and a 52-week high of $8.47. The company has a market capitalization of $391.20 million, a PE ratio of 3.43 and a beta of 1.00.
DHT Holdings (NYSE:DHT) last announced its earnings results on Tuesday, August 9th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.04. DHT Holdings had a return on equity of 17.09% and a net margin of 33.81%. The firm earned $83.20 million during the quarter, compared to the consensus estimate of $82.44 million. During the same quarter in the prior year, the company earned $0.24 EPS. The firm’s revenue for the quarter was up 22.2% compared to the same quarter last year. Analysts forecast that DHT Holdings Inc. will post $1.02 EPS for the current year.
DHT has been the subject of a number of recent research reports. Morgan Stanley cut DHT Holdings from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $7.00 to $5.50 in a research report on Thursday, August 25th. Wells Fargo & Co. initiated coverage on DHT Holdings in a research report on Monday, September 26th. They set a “market perform” rating for the company. Jefferies Group reiterated a “buy” rating on shares of DHT Holdings in a research report on Monday, September 12th. TheStreet cut DHT Holdings from a “buy” rating to a “hold” rating in a research report on Monday, September 19th. Finally, Zacks Investment Research cut DHT Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $7.78.
DHT Holdings Company Profile
DHT Holdings, Inc (DHT) is a holding company. The Company, through its subsidiaries, owns and operates a fleet of crude oil tankers. Its fleet consists of approximately 20 crude oil tankers in operation, all of which are owned by the company. The Company’s fleet in operation consists of over 20 very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (DWTs), approximately one Suezmax tanker (Suezmax), which is a tanker ranging in size from 130,000 to 170,000 DWT and over two Aframax tankers (Aframaxes), which are tankers ranging in size from 80,000 to 120,000 DWT.
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