DHT Holdings, Inc. (NYSE:DHT) Lifted to “Hold” at Zacks Investment Research
DHT Holdings, Inc. (NYSE:DHT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Monday.
According to Zacks, “DHT MARITIME INC., formerly Double Hull Tankers, Inc. operates a fleet of double-hull crude oil tankers on international routes. DHT’s modern fleet consists of three Very Large Crude Carriers, two Suezmax tankers and four Aframax tankers. DHT intends to pursue a strategy of providing shareholders with a stable and visible distribution and also position the Company to use its incremental cash flow to fund future growth opportunities. “
Several other brokerages also recently issued reports on DHT. TheStreet downgraded shares of DHT Holdings from a “c” rating to a “d+” rating in a research note on Monday, May 8th. Jefferies Group LLC reiterated a “buy” rating and issued a $6.00 target price on shares of DHT Holdings in a research note on Monday, April 24th. Maxim Group raised their target price on shares of DHT Holdings from $6.50 to $7.00 and gave the company a “buy” rating in a research note on Friday, April 21st. Stifel Nicolaus reiterated a “hold” rating and issued a $5.25 target price on shares of DHT Holdings in a research note on Friday, July 7th. Finally, ValuEngine downgraded shares of DHT Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $5.54.
Shares of DHT Holdings (DHT) traded up 0.74% during trading on Monday, reaching $4.09. The company had a trading volume of 692,611 shares. DHT Holdings has a 12 month low of $3.29 and a 12 month high of $5.47. The firm has a 50 day moving average price of $4.14 and a 200 day moving average price of $4.48. The company’s market cap is $387.00 million.
Several large investors have recently added to or reduced their stakes in DHT. BlackRock Advisors LLC increased its stake in DHT Holdings by 21.2% in the fourth quarter. BlackRock Advisors LLC now owns 438,947 shares of the shipping company’s stock worth $3,551,000 after buying an additional 76,697 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in DHT Holdings during the fourth quarter worth $4,229,000. RR Advisors LLC acquired a new stake in DHT Holdings during the fourth quarter worth $5,663,000. Oxford Asset Management increased its stake in DHT Holdings by 1,170.2% in the fourth quarter. Oxford Asset Management now owns 906,085 shares of the shipping company’s stock worth $7,345,000 after buying an additional 834,749 shares during the last quarter. Finally, J. Goldman & Co LP acquired a new stake in DHT Holdings during the fourth quarter worth $2,122,000. Institutional investors own 53.52% of the company’s stock.
About DHT Holdings
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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