Los Angeles Capital Management & Equity Research Inc. Sells 3,775 Shares of DHT Holdings Inc. (DHT)
Los Angeles Capital Management & Equity Research Inc. lowered its stake in shares of DHT Holdings Inc. (NYSE:DHT) by 15.4% during the second quarter, Holdings Channel reports. The institutional investor owned 20,805 shares of the company’s stock after selling 3,775 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in DHT Holdings were worth $105,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in DHT. InterOcean Capital LLC increased its stake in shares of DHT Holdings by 2.1% in the second quarter. InterOcean Capital LLC now owns 54,825 shares of the company’s stock valued at $276,000 after buying an additional 1,150 shares during the period. WealthTrust Axiom LLC bought a new stake in shares of DHT Holdings during the second quarter valued at about $102,000. Mount Lucas Management LP increased its stake in shares of DHT Holdings by 18.5% in the first quarter. Mount Lucas Management LP now owns 151,750 shares of the company’s stock valued at $874,000 after buying an additional 23,700 shares during the period. Acrospire Investment Management LLC bought a new stake in shares of DHT Holdings during the first quarter valued at about $254,000. Finally, Quantbot Technologies LP increased its stake in shares of DHT Holdings by 631.7% in the second quarter. Quantbot Technologies LP now owns 66,808 shares of the company’s stock valued at $336,000 after buying an additional 57,677 shares during the period. Hedge funds and other institutional investors own 67.66% of the company’s stock.
Shares of DHT Holdings Inc. (NYSE:DHT) traded down 2.3890% on Monday, hitting $4.0899. The stock had a trading volume of 1,389,749 shares. The stock has a market cap of $381.86 million, a PE ratio of 3.3524 and a beta of 1.00. DHT Holdings Inc. has a 12 month low of $4.00 and a 12 month high of $8.52. The stock has a 50 day moving average of $4.48 and a 200-day moving average of $5.16.
DHT Holdings (NYSE:DHT) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.34 earnings per share for the quarter, beating the Zacks’ 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 company earned $83.20 million during the quarter, compared to analyst estimates of $82.44 million. During the same quarter last year, the company earned $0.24 EPS. The firm’s revenue for the quarter was up 22.2% on a year-over-year basis. Equities research analysts anticipate that DHT Holdings Inc. will post $1.02 EPS for the current year.
Several research analysts have weighed in on DHT shares. Zacks Investment Research cut DHT Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 5th. Jefferies Group cut their price objective on DHT Holdings from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, July 27th. Morgan Stanley set a $7.00 price objective on DHT Holdings and gave the stock a “buy” rating in a research report on Wednesday, August 10th. TheStreet cut DHT Holdings from a “buy” rating to a “hold” rating in a research report on Monday, September 19th. Finally, Wells Fargo & Co. started coverage on DHT Holdings in a research report on Monday, September 26th. They issued a “market perform” rating on the stock. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. DHT Holdings presently has a consensus rating of “Hold” and a consensus target price of $7.78.
About DHT Holdings
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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