840,488 Shares in DHT Holdings, Inc. (DHT) Purchased by Amerigo Asset Management

Amerigo Asset Management bought a new stake in shares of DHT Holdings, Inc. (NYSE:DHT) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 840,488 shares of the shipping company’s stock, valued at approximately $3,345,000. DHT Holdings makes up about 0.3% of Amerigo Asset Management’s investment portfolio, making the stock its 11th largest position. Amerigo Asset Management owned 0.59% of DHT Holdings as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Prudential Financial Inc. increased its stake in shares of DHT Holdings by 1.7% during the third quarter. Prudential Financial Inc. now owns 980,540 shares of the shipping company’s stock valued at $3,903,000 after purchasing an additional 15,950 shares in the last quarter. State of Wisconsin Investment Board increased its stake in shares of DHT Holdings by 63.9% during 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 purchasing an additional 351,300 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its stake in shares of DHT Holdings by 11.7% during the second quarter. Dynamic Technology Lab Private Ltd now owns 70,615 shares of the shipping company’s stock valued at $293,000 after purchasing an additional 7,388 shares in the last quarter. Caxton Associates LP increased its stake in shares of DHT Holdings by 25.0% during the second quarter. Caxton Associates LP now owns 250,000 shares of the shipping company’s stock valued at $1,038,000 after purchasing an additional 50,000 shares in the last quarter. Finally, State Street Corp increased its stake in shares of DHT Holdings by 15.7% during the second quarter. State Street Corp now owns 2,388,793 shares of the shipping company’s stock valued at $9,911,000 after purchasing an additional 323,923 shares in the last quarter. 33.56% of the stock is owned by institutional investors and hedge funds.

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Shares of DHT Holdings, Inc. (DHT) traded down $0.04 on Thursday, hitting $4.01. 302,980 shares of the company traded hands, compared to its average volume of 513,390. The company has a market capitalization of $573.66, a P/E ratio of 8.76, a P/E/G ratio of 4.93 and a beta of 0.95. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.82. DHT Holdings, Inc. has a 12 month low of $3.30 and a 12 month high of $5.20.

DHT Holdings (NYSE:DHT) last announced its quarterly earnings results on Tuesday, August 8th. The shipping company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.02. The company had revenue of $59.63 million during the quarter, compared to the consensus estimate of $58.47 million. DHT Holdings had a negative net margin of 12.48% and a positive return on equity of 6.07%. equities analysts predict that DHT Holdings, Inc. will post 0.16 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on DHT shares. Zacks Investment Research downgraded shares of DHT Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. BidaskClub downgraded shares of DHT Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Maxim Group set a $7.00 target price on shares of DHT Holdings and gave the company a “buy” rating in a research note on Thursday, August 3rd. Stifel Nicolaus set a $5.00 target price on shares of DHT Holdings and gave the company a “hold” rating in a research note on Wednesday, August 9th. Finally, ValuEngine downgraded shares of DHT Holdings from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. DHT Holdings presently has an average rating of “Hold” and an average target price of $6.00.

DHT Holdings Profile

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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