California State Teachers Retirement System Has $567,000 Position in DHT Holdings, Inc. (DHT)

California State Teachers Retirement System lessened its holdings in DHT Holdings, Inc. (NYSE:DHT) by 24.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 136,699 shares of the shipping company’s stock after selling 44,100 shares during the period. California State Teachers Retirement System owned 0.10% of DHT worth $567,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Caxton Associates LP lifted its stake in shares of DHT by 25.0% in the 2nd quarter. Caxton Associates LP now owns 250,000 shares of the shipping company’s stock valued at $1,038,000 after purchasing an additional 50,000 shares during the last quarter. State Street Corp lifted its stake in shares of DHT by 15.7% in the 2nd quarter. State Street Corp now owns 2,388,793 shares of the shipping company’s stock valued at $9,911,000 after purchasing an additional 323,923 shares during the last quarter. Williams Jones & Associates LLC lifted its stake in shares of DHT by 81.9% in the 2nd quarter. Williams Jones & Associates LLC now owns 379,773 shares of the shipping company’s stock valued at $1,576,000 after purchasing an additional 171,030 shares during the last quarter. Numeric Investors LLC acquired a new stake in shares of DHT in the 2nd quarter valued at $1,874,000. Finally, Voya Investment Management LLC lifted its stake in shares of DHT by 16.8% in the 2nd quarter. Voya Investment Management LLC now owns 46,770 shares of the shipping company’s stock valued at $194,000 after purchasing an additional 6,737 shares during the last quarter. 35.73% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have weighed in on the stock. Stifel Nicolaus set a $5.00 target price on shares of DHT and gave the stock a “hold” rating in a research report on Wednesday, August 9th. Maxim Group set a $7.00 target price on shares of DHT and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Jefferies Group reissued a “buy” rating on shares of DHT in a research report on Thursday, October 19th. Zacks Investment Research raised shares of DHT from a “sell” rating to a “hold” rating in a research report on Thursday, November 16th. Finally, TheStreet raised shares of DHT from a “d+” rating to a “c-” rating in a research report on Monday, November 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $6.00.

DHT Holdings, Inc. (NYSE DHT) opened at $3.65 on Wednesday. The firm has a market cap of $525.26, a price-to-earnings ratio of 9.00, a price-to-earnings-growth ratio of 3.46 and a beta of 0.92. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.81. DHT Holdings, Inc. has a 52-week low of $3.53 and a 52-week high of $5.20.

DHT (NYSE:DHT) last released its earnings results on Monday, November 13th. The shipping company reported ($0.04) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.04. The firm had revenue of $54.80 million during the quarter, compared to analyst estimates of $50.43 million. DHT had a net margin of 9.68% and a return on equity of 4.84%. The business’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.81) EPS. equities analysts expect that DHT Holdings, Inc. will post 0.21 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Tuesday, November 28th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Monday, November 27th. DHT’s dividend payout ratio is currently 24.24%.

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About DHT

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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Institutional Ownership by Quarter for DHT (NYSE:DHT)

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