California Public Employees Retirement System Sells 256,800 Shares of DHT Holdings Inc (DHT)

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California Public Employees Retirement System cut its stake in shares of DHT Holdings Inc (NYSE:DHT) by 37.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 435,058 shares of the shipping company’s stock after selling 256,800 shares during the quarter. California Public Employees Retirement System owned approximately 0.30% of DHT worth $2,040,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in DHT during the 2nd quarter worth about $105,000. Dimensional Fund Advisors LP lifted its holdings in DHT by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,808,667 shares of the shipping company’s stock worth $36,623,000 after buying an additional 76,005 shares during the period. FMR LLC acquired a new position in DHT during the 2nd quarter worth about $1,197,000. Bienville Capital Management LLC lifted its holdings in DHT by 666.4% during the 2nd quarter. Bienville Capital Management LLC now owns 315,314 shares of the shipping company’s stock worth $1,479,000 after buying an additional 274,171 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in DHT by 16.1% during the 2nd quarter. Renaissance Technologies LLC now owns 3,034,400 shares of the shipping company’s stock worth $14,231,000 after buying an additional 420,500 shares during the period. 40.01% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have commented on DHT. ValuEngine raised DHT from a “hold” rating to a “buy” rating in a report on Saturday, October 6th. Zacks Investment Research downgraded DHT from a “hold” rating to a “sell” rating in a research note on Tuesday, October 9th. JPMorgan Chase & Co. raised DHT from a “neutral” rating to an “overweight” rating and set a $7.00 price objective on the stock in a research note on Friday, October 19th. Pareto Securities raised DHT from a “hold” rating to a “buy” rating in a research note on Thursday, October 25th. Finally, Morgan Stanley boosted their price objective on DHT from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Wednesday, July 18th. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $5.88.

Shares of NYSE:DHT opened at $5.09 on Wednesday. The stock has a market capitalization of $719.30 million, a PE ratio of 39.15 and a beta of 0.51. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.33 and a current ratio of 1.64. DHT Holdings Inc has a 1 year low of $3.27 and a 1 year high of $5.20.

DHT (NYSE:DHT) last announced its quarterly earnings data on Tuesday, August 7th. The shipping company reported ($0.17) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.17). The company had revenue of $34.44 million for the quarter, compared to the consensus estimate of $36.20 million. DHT had a negative return on equity of 5.01% and a negative net margin of 15.45%. On average, equities research analysts forecast that DHT Holdings Inc will post -0.35 EPS for the current fiscal year.

DHT Profile

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Oslo, Norway and Singapore. As of February 6, 2018, it had a fleet of 27 very large crude carriers and 2 Aframaxes with deadweight tons of 8,590,740. The company was founded in 2005 and is headquartered in Hamilton, Bermuda.

Further Reading: Understanding Market Liquidity

Institutional Ownership by Quarter for DHT (NYSE:DHT)

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