The UBS Oconnor LLC Raises Position in DHT Holdings Inc. (DHT)

The UBS Oconnor LLC Raises Position in DHT Holdings Inc. (DHT)

UBS Oconnor LLC boosted its stake in DHT Holdings Inc. (NYSE:DHT) by 13.7% during the third quarter, Holdings Channel reports. The fund owned 436,495 shares of the company’s stock after buying an additional 52,437 shares during the period. UBS Oconnor LLC’s holdings in DHT Holdings were worth $1,829,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in DHT. Rhumbline Advisers boosted its stake in shares of DHT Holdings by 1.2% in the third quarter. Rhumbline Advisers now owns 110,750 shares of the company’s stock valued at $464,000 after buying an additional 1,340 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of DHT Holdings by 0.7% in the third quarter. California State Teachers Retirement System now owns 193,899 shares of the company’s stock valued at $812,000 after buying an additional 1,400 shares during the last quarter. Emerald Acquisition Ltd. boosted its stake in shares of DHT Holdings by 6.0% in the third quarter. Emerald Acquisition Ltd. now owns 70,618 shares of the company’s stock valued at $296,000 after buying an additional 3,970 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of DHT Holdings by 0.8% in the second quarter. BlackRock Fund Advisors now owns 2,349,759 shares of the company’s stock valued at $11,819,000 after buying an additional 17,977 shares during the last quarter. Finally, Lombard Odier Asset Management USA Corp boosted its stake in shares of DHT Holdings by 10.6% in the second quarter. Lombard Odier Asset Management USA Corp now owns 212,894 shares of the company’s stock valued at $1,071,000 after buying an additional 20,393 shares during the last quarter. 56.86% of the stock is currently owned by hedge funds and other institutional investors.

DHT Holdings Inc. (NYSE:DHT) traded up 1.18% during trading on Thursday, reaching $4.28. 1,765,086 shares of the company’s stock traded hands. DHT Holdings Inc. has a 12 month low of $3.29 and a 12 month high of $6.48. The company has a market cap of $399.61 million, a P/E ratio of 16.72 and a beta of 1.39. The firm’s 50 day moving average is $3.96 and its 200 day moving average is $4.29.

DHT Holdings (NYSE:DHT) last released its quarterly earnings results on Tuesday, November 1st. The company reported ($0.81) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.85. DHT Holdings had a net margin of 6.84% and a return on equity of 13.75%. The company had revenue of $50.30 million for the quarter, compared to the consensus estimate of $56.73 million. During the same period last year, the company earned $0.27 earnings per share. DHT Holdings’s revenue for the quarter was down 32.7% compared to the same quarter last year. Analysts anticipate that DHT Holdings Inc. will post $0.84 EPS for the current year.

Several brokerages recently commented on DHT. Pareto Securities raised DHT Holdings from a “hold” rating to a “buy” rating in a report on Thursday, November 3rd. Zacks Investment Research cut DHT Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, October 11th. Maxim Group began coverage on DHT Holdings in a report on Tuesday, December 20th. They set a “buy” rating and a $7.50 target price on the stock. Finally, Wells Fargo & Co. began coverage on DHT Holdings in a report on Monday, September 26th. They set a “market perform” rating on the stock. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $6.82.

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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