M&G Investment Management Ltd. Takes $11.22 Million Position in DHT Holdings, Inc. (NYSE:DHT)

M&G Investment Management Ltd. purchased a new position in shares of DHT Holdings, Inc. (NYSE:DHT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,122,311 shares of the shipping company’s stock, valued at approximately $11,223,000. M&G Investment Management Ltd. owned about 0.69% of DHT as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new position in shares of DHT in the fourth quarter worth $98,000. Kestra Advisory Services LLC purchased a new stake in DHT during the 3rd quarter valued at about $1,071,000. Significant Wealth Partners LLC acquired a new position in shares of DHT in the fourth quarter valued at about $4,640,000. Strs Ohio purchased a new position in shares of DHT in the fourth quarter worth about $441,000. Finally, FMR LLC lifted its holdings in shares of DHT by 42.5% during the third quarter. FMR LLC now owns 16,122,321 shares of the shipping company’s stock worth $166,060,000 after purchasing an additional 4,808,258 shares during the period. Hedge funds and other institutional investors own 58.53% of the company’s stock.

DHT Price Performance

DHT traded up $0.03 during trading on Wednesday, hitting $12.25. The company’s stock had a trading volume of 2,486,211 shares, compared to its average volume of 1,799,956. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 12.36 and a beta of -0.34. DHT Holdings, Inc. has a twelve month low of $7.60 and a twelve month high of $12.45. The business’s fifty day simple moving average is $11.43 and its 200 day simple moving average is $10.88. The company has a current ratio of 3.54, a quick ratio of 2.94 and a debt-to-equity ratio of 0.39.

DHT (NYSE:DHT) last issued its quarterly earnings results on Tuesday, May 14th. The shipping company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.02). The company had revenue of $106.30 million during the quarter, compared to analysts’ expectations of $106.87 million. DHT had a return on equity of 15.52% and a net margin of 28.78%. DHT’s revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 EPS. On average, equities research analysts forecast that DHT Holdings, Inc. will post 1.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DHT has been the topic of a number of research reports. Jefferies Financial Group upgraded shares of DHT from a “hold” rating to a “buy” rating and increased their price objective for the stock from $11.00 to $14.00 in a research note on Thursday, March 21st. Stifel Nicolaus reiterated a “hold” rating and set a $12.00 price objective on shares of DHT in a research note on Wednesday. Truist Financial raised their target price on DHT from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Finally, TheStreet raised DHT from a “c+” rating to a “b-” rating in a report on Tuesday, February 6th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, DHT presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.33.

DHT Profile

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. The company also offers technical management services. As of March 15, 2024, it had a fleet of 24 very large crude carriers. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.