DHT Holdings, Inc. (DHT) Shares Sold by Canyon Capital Advisors LLC

Canyon Capital Advisors LLC lessened its position in shares of DHT Holdings, Inc. (NYSE:DHT) by 3.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,651,031 shares of the shipping company’s stock after selling 53,680 shares during the quarter. Canyon Capital Advisors LLC owned 1.16% of DHT Holdings worth $6,852,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Legal & General Group Plc grew its stake in DHT Holdings by 1.1% during the 1st quarter. Legal & General Group Plc now owns 24,683 shares of the shipping company’s stock valued at $110,000 after purchasing an additional 260 shares during the last quarter. FNY Partners Fund LP purchased a new stake in DHT Holdings during the 1st quarter valued at about $111,000. Bank of America Corp DE grew its stake in DHT Holdings by 87.1% during the 1st quarter. Bank of America Corp DE now owns 26,646 shares of the shipping company’s stock valued at $119,000 after purchasing an additional 12,407 shares during the last quarter. Wellington Management Group LLP purchased a new stake in DHT Holdings during the 1st quarter valued at about $146,000. Finally, SG Americas Securities LLC grew its stake in DHT Holdings by 4.0% during the 1st quarter. SG Americas Securities LLC now owns 35,667 shares of the shipping company’s stock valued at $159,000 after purchasing an additional 1,360 shares during the last quarter. Institutional investors and hedge funds own 33.87% of the company’s stock.

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Several analysts have weighed in on DHT shares. ValuEngine downgraded DHT Holdings from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Maxim Group set a $7.00 target price on DHT Holdings and gave the stock a “buy” rating in a research note on Wednesday, August 9th. BidaskClub downgraded DHT Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Stifel Nicolaus restated a “hold” rating and issued a $5.25 target price on shares of DHT Holdings in a research note on Friday, July 7th. Finally, Zacks Investment Research downgraded DHT Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. DHT Holdings presently has a consensus rating of “Hold” and a consensus target price of $6.00.

Shares of DHT Holdings, Inc. (DHT) traded down 1.99% during mid-day trading on Friday, hitting $3.94. The stock had a trading volume of 344,931 shares. DHT Holdings, Inc. has a 52-week low of $3.29 and a 52-week high of $5.20. The firm’s market cap is $560.85 million. The firm has a 50 day moving average price of $3.91 and a 200 day moving average price of $4.20.

DHT Holdings (NYSE:DHT) last issued its quarterly earnings results on Tuesday, August 8th. The shipping company reported $0.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.02. The firm had revenue of $59.63 million for the quarter, compared to analysts’ expectations of $58.47 million. DHT Holdings had a positive return on equity of 6.07% and a negative net margin of 12.48%. Equities analysts predict that DHT Holdings, Inc. will post $0.24 EPS for the current year.

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.

Institutional Ownership by Quarter for DHT Holdings (NYSE:DHT)

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