Dimensional Fund Advisors LP 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 2.31% to 11.51 million shares with purchase of 0.26 million shares. This fresh investment now brings its stake to 7.83% valued currently at $65.35 million. In addition, Fidelity Management & Research Co.. raised its holdings by 39766.0 to 10.17 million shares. And Numeric Investors LLC has lifted its position by 398.30% or 2.9 million shares – to 3.63 million shares.
With over 3.34 million DHT Holdings Inc. (DHT) shares trading Friday and a closing price of $5.28 on the day, the dollar volume was approximately $17.64 million. The shares have shown a negative weekly performance of -14.98% and its price on 08/28/20 gained nearly 3.73%. Currently, there are 147.15M common shares owned by the public and among those 142.13M shares have been available to trade.
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 $6.78. The analysts have set the share’s price value over the next 12 months at a high of $9.00 and a low of $4.60 should the stock experience a downside. Incidentally, analysts’ outlook for the DHT Holdings Inc. stock is 1.80 for the next 12 months. The average price target is 26.05% above its last price level and an upside to the estimated low will see the stock lose -14.78% over that period. But an upside of 41.33% will see the stock hit the forecast high price target while mean target price for the stock is $6.85.
The top 3 mutual fund holders in DHT Holdings Inc. are Fidelity Convertible Securities F, DFA US Small Cap Value Portfolio, and iShares Russell 2000 ETF. Fidelity Convertible Securities F owns 4.48 million shares of the company’s stock, all valued at over $25.46 million. DFA US Small Cap Value Portfolio bought 0.28 million shares to see its total holdings expand to 2.3 million shares valued at over $13.06 million and representing 1.56% of the shares outstanding. iShares Russell 2000 ETF sold -0.11 million shares to bring its total holdings to over 2.29 million shares at a value of $13.02 million. iShares Russell 2000 ETF now owns shares totaling to 1.56% of the shares outstanding.
Shares of DHT Holdings Inc. (NYSE: DHT) opened at $5.14, up $0.05 from a prior closing price of $5.09. However, the script later closed the day at $5.28, up 3.73%. The company’s stock has a 5-day price change of -14.98% and -12.73% over the past three months. DHT shares are trading -36.23% year to date (YTD), with the 12-month market performance down to -7.21% lower. It has a 12-month low price of $4.77 and touched a high of $8.83 over the same period. Currently, 3.34 million shares have been traded, compared to an average intraday trading volume of 3.23 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 -9.83%, -4.96%, and -17.51% respectively.
Institutional ownership of DHT Holdings Inc. (NYSE: DHT) shares accounts for 56.20% of the company’s 147.15M shares outstanding. Mutual fund holders own 22.56%, while other institutional holders and individual stakeholders account for 36.38% and — respectively.
It has a market capitalization of $869.40M and a beta (3y monthly) value of -0.22. The stock’s trailing 12-month PE ratio is 3.59, while the earnings-per-share (ttm) stands at $1.47. The company has a PEG of 0.72 and a Quick Ratio of 2.40 with the debt-to-equity ratio at 0.69. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.28% over the week and 3.86% over the month.
Analysts forecast that DHT Holdings Inc. (DHT) will achieve an EPS of $0.28 for the current quarter, $0.24 for the next quarter and $0.73 for 2021. The lowest estimate earnings-per-share for the quarter is $0.25 while analysts give the company a high EPS estimate of $0.3. Comparatively, EPS for the current quarter was -$0.06 a year ago. Earnings per share for the fiscal year are expected to increase by 233.90%, and -63.11% over the next financial year. EPS should shrink at an annualized rate of 5.00% over the next five years, compared to 20.00% 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 1.80. Specifically, 6 Wall Street analysts polled rate the stock as a buy, while 3 of the 10 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the DHT, a number of firms have released research notes about the stock. Stifel stated their Hold rating for the stock in a research note on June 18, 2020, with the firm’s price target at $8-$5. DNB Markets coverage for the DHT Holdings Inc. (DHT) stock in a research note released on May 28, 2020 offered a Buy rating with a price target of. Evercore ISI was of a view on May 04, 2020 that the stock is In-line, while Stifel gave the stock Buy rating on March 09, 2020, issuing a price target of $6.50. DNB Markets on their part issued Hold rating on March 09, 2020.