Shares of DHT Holdings Inc. (NYSE:DHT) dropped 5.4% during mid-day trading on Thursday . The stock traded as low as $4.67 and last traded at $4.70, with a volume of 2,025,135 shares changing hands. The stock had previously closed at $4.97.

A number of analysts have recently weighed in on the company. Zacks Investment Research cut DHT Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday. JPMorgan Chase & Co. lowered their price objective on DHT Holdings from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, April 7th. Finally, Seaport Global Securities reissued a “buy” rating and issued a $8.50 price objective (down previously from $11.00) on shares of DHT Holdings in a research report on Wednesday, May 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. DHT Holdings has a consensus rating of “Buy” and an average price target of $8.53.

The company has a market capitalization of $443.77 million and a price-to-earnings ratio of 4.28. The firm’s 50-day moving average price is $5.24 and its 200-day moving average price is $5.83.

DHT Holdings (NYSE:DHT) last posted its quarterly earnings data on Monday, May 2nd. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by $0.08. During the same quarter in the prior year, the company earned $0.25 earnings per share. The firm earned $90.20 million during the quarter, compared to analyst estimates of $90.02 million. The company’s revenue for the quarter was up 22.7% on a year-over-year basis. Equities research analysts expect that DHT Holdings Inc. will post $1.14 earnings per share for the current fiscal year.

Several hedge funds recently bought and sold shares of DHT. California State Teachers Retirement System raised its stake in DHT Holdings by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 172,080 shares of the company’s stock worth $1,392,000 after buying an additional 3,100 shares in the last quarter. Numeric Investors LLC bought a new stake in DHT Holdings during the fourth quarter worth $2,395,000. PNC Financial Services Group Inc. bought a new stake in DHT Holdings during the fourth quarter worth $1,064,000. Columbus Circle Investors raised its stake in DHT Holdings by 25.0% in the fourth quarter. Columbus Circle Investors now owns 250,000 shares of the company’s stock worth $2,023,000 after buying an additional 50,000 shares in the last quarter. Finally, Engineers Gate Manager LP raised its stake in DHT Holdings by 74.7% in the fourth quarter. Engineers Gate Manager LP now owns 308,597 shares of the company’s stock worth $2,497,000 after buying an additional 131,950 shares in the last quarter.

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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