SG Americas Securities LLC Raises Stake in DHT Holdings, Inc. (NYSE:DHT)
SG Americas Securities LLC raised its position in shares of DHT Holdings, Inc. (NYSE:DHT) by 4.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,667 shares of the shipping company’s stock after buying an additional 1,360 shares during the period. SG Americas Securities LLC’s holdings in DHT Holdings were worth $159,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of DHT. Teachers Advisors LLC increased its stake in shares of DHT Holdings by 7.9% in the fourth quarter. Teachers Advisors LLC now owns 153,834 shares of the shipping company’s stock worth $637,000 after buying an additional 11,223 shares during the period. M Holdings Securities Inc. increased its stake in shares of DHT Holdings by 12.7% in the fourth quarter. M Holdings Securities Inc. now owns 231,000 shares of the shipping company’s stock worth $956,000 after buying an additional 26,000 shares during the period. Engineers Gate Manager LP acquired a new stake in shares of DHT Holdings during the first quarter worth about $148,000. DnB Asset Management AS acquired a new stake in shares of DHT Holdings during the first quarter worth about $360,000. Finally, State Street Corp increased its stake in shares of DHT Holdings by 5.6% in the fourth quarter. State Street Corp now owns 1,738,488 shares of the shipping company’s stock worth $7,199,000 after buying an additional 92,180 shares during the period. Hedge funds and other institutional investors own 53.17% of the company’s stock.
Shares of DHT Holdings, Inc. (NYSE DHT) traded up 3.80% during trading on Friday, reaching $4.10. The company’s stock had a trading volume of 378,989 shares. DHT Holdings, Inc. has a 12-month low of $3.29 and a 12-month high of $5.47. The stock’s market cap is $387.95 million. The company has a 50 day moving average of $4.13 and a 200-day moving average of $4.48.
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A number of equities analysts recently weighed in on the company. Maxim Group set a $7.00 price objective on DHT Holdings and gave the company a “buy” rating in a report on Thursday. Zacks Investment Research raised DHT Holdings from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Stifel Nicolaus reissued a “hold” rating and set a $5.25 price objective on shares of DHT Holdings in a report on Friday, July 7th. TheStreet cut DHT Holdings from a “c” rating to a “d+” rating in a report on Monday, May 8th. Finally, BidaskClub cut DHT Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. DHT Holdings has a consensus rating of “Hold” and an average price target of $5.75.
DHT Holdings Company Profile
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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