Fidelity Management & Research Co recently announced the acquisition of new stake in DHT Holdings Inc. (NYSE:DHT). The institutional investor has increased its shareholding in the Energy company by 0.03% to 24.4 million shares with purchase of 7625.0 shares. This fresh investment now brings its stake to 15.00% valued currently at $282.28 million. In addition, Dimensional Fund Advisors LP raised its holdings by 0.41 million to 12.78 million shares. And BlackRock Fund Advisors has lifted its position by 5.88% or 0.36 million shares – to 6.54 million shares.
With over 2.2 million DHT Holdings Inc. (DHT) shares trading Monday and a closing price of $11.20 on the day, the dollar volume was approximately $24.69 million. The shares have shown a positive half year performance of 31.92% and its price on 03/13/23 lost nearly -2.78%. Currently, there are 162.65M common shares owned by the public and among those 134.28M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 10 analysts who have offered their price forecasts for DHT have a consensus price objective of $12.18. The analysts have set the share’s price value over the next 12 months at a high of $15.10 and a low of $11.00. The average price target is 6.51% above its recent price level and a downside to the estimated low will see the stock lose -1.82% over that period. But an upside of 25.83% will see the stock hit the forecast high price target while median target price for the stock is $12.00.
The top 3 mutual fund holders in DHT Holdings Inc. are Fidelity Convertible Securities F, Fidelity Advisor Multi Asset Inco, and DFA US Small Cap Value Portfolio. Fidelity Convertible Securities F owns 6.12 million shares of the company’s stock, all valued at over $70.79 million. The company sold -0.84 million shares recently to bring their total holdings to about 3.76% of the shares outstanding. Fidelity Advisor Multi Asset Inco bought 0.7 million shares to see its total holdings expand to 5.65 million shares valued at over $65.32 million and representing 3.47% of the shares outstanding. DFA US Small Cap Value Portfolio bought 96794.0 shares to bring its total holdings to over 3.92 million shares at a value of $45.32 million. DFA US Small Cap Value Portfolio now owns shares totaling to 2.41% of the shares outstanding.
Shares of DHT Holdings Inc. (NYSE: DHT) opened at $11.06, down -$0.46 from a prior closing price of $11.52. However, the script later moved the day high at 11.39, down -2.78%. The company’s stock has a 5-day price change of -5.00% and 20.43% over the past three months. DHT shares are trading 26.13% year to date (YTD), with the 12-month market performance up to 89.83% higher. It has a 12-month low price of $4.98 and touched a high of $12.13 over the same period. DHT has an average intraday trading volume of 2.41 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.62%, 15.10%, and 34.36% respectively.
Institutional ownership of DHT Holdings Inc. (NYSE: DHT) shares accounts for 59.80% of the company’s 162.65M shares outstanding. Mutual fund holders own 32.55%, while other institutional holders and individual stakeholders account for 35.45% and — respectively.
It has a market capitalization of $1.84B and a beta (3y monthly) value of -0.20. The stock’s trailing 12-month PE ratio is 29.63, while the earnings-per-share (ttm) stands at $0.38. The company has a PEG of 5.93 and a Quick Ratio of 3.70 with the debt-to-equity ratio at 0.37. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.78% over the week and 3.64% over the month.
Analysts forecast that DHT Holdings Inc. (DHT) will achieve an EPS of $0.29 for the current quarter, $0.21 for the next quarter and $1.67 for 2024. The lowest estimate earnings-per-share for the quarter is $0.14 while analysts give the company a high EPS estimate of $0.42. Comparatively, EPS for the current quarter was -$0.1 a year ago. Earnings per share for the fiscal year are expected to increase by 647.70%, and 56.86% over the next financial year. EPS should shrink at an annualized rate of 5.00% over the next five years, compared to 47.70% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 10 brokerage firm advisors rate DHT Holdings Inc. (DHT) as a “Strong Buy” at a consensus score of 1.50. Specifically, 10 Wall Street analysts polled rate the stock as a buy, while 0 of the 10 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the DHT, a number of firms have released research notes about the stock. Jefferies stated their Buy rating for the stock in a research note on July 21, 2022, with the firm’s price target at $9. Jefferies coverage for the DHT Holdings Inc. (DHT) stock in a research note released on April 27, 2022 offered a Buy rating with a price target of $8. Stifel was of a view on August 11, 2021 that the stock is Buy, while H.C. Wainwright gave the stock Buy rating on August 11, 2021, issuing a price target of $7.50- $8. Evercore ISI on their part issued Outperform rating on May 25, 2021.
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