Fidelity Management & Research Co has recently announced that it has increased stake in DHT Holdings Inc (NYSE:DHT) by 42.50%. After grabbing 16.12 million shares, the institutional investor is now in possession of 4.81 million shares of the Energy Company. The new investment brought the stake of investor firm to 9.91% having worth around $179.28 million. Moreover, Dimensional Fund Advisors LP increased its share by 96651.0 to have a control over 13.28 million shares. And Hosking Partners LLP raised its holdings to 0.42 million shares by acquiring 4.35 million shares or 2.68% of the stake.
DHT Holdings Inc (DHT) concluded trading on 11/29/23 at a closing price of $9.70, with 3.36 million shares of worth about $32.55 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 26.14% during that period and on Wednesday the price saw a loss of about -2.61%. Currently the company’s common shares owned by public are about 162.65M shares, out of which, 135.38M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 10 analysts are covering the DHT stock and their offered price forecasts bring an average price target of $12.95. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $16.20 and could fall to a lowest price of $10.00. The stock’s current price level is 25.1% above of average price target set by the analysts, while a rise to estimated low would result in gain of 3.0% for the stock. However, touching the estimated high of $16.20 would mean a gain of 40.12% for the stock.
DFA US Small Cap Value Portfolio, Fidelity Tactical High Income Fun, and Fidelity Convertible Securities F are the top 3 mutual funds which are holding stakes in DHT Holdings Inc DFA US Small Cap Value Portfolio is currently holding 4.21 million shares of worth totaling $46.78 million. The company recently came buying 0.0 shares which brought its stake up to 2.59% of the company’s outstanding shares. Fidelity Tactical High Income Fun bought 0.44 million shares, after which its hold over company’s outstanding shares expand to 2.31%, leaving 3.76 million shares with the mutual fund that have a worth of about $41.8 million. Fidelity Convertible Securities F, after buying 3.54 million shares, have now control over 2.18% of the stake in the company. It holds 0.53 million shares of worth $39.4 million.
DHT Holdings Inc (NYSE: DHT) started trading at $9.94, below -$0.02 from concluding price of the previous day. However, the stock later moved at a day high price of 10.00, or with a loss of -2.61%. Stock saw a price change of -4.15% in past 5 days and over the past one month there was a price change of -12.38%. Year-to-date (YTD), DHT shares are showing a performance of 9.23% which decreased to -0.21% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.30 but also hit the highest price of $12.13 during that period. The average intraday trading volume for DHT Holdings Inc shares is 2.73 million. The stock is currently trading -7.60% below its 20-day simple moving average (SMA20), while that difference is down -6.47% for SMA50 and it goes to -0.11% lower than SMA200.
Fidelity Management & Research Co acquired 16.12 million shares of DHT Holdings Inc having value of about $179.28 million. Data submitted at the U.S SEC by Fidelity Management & Research Co revealed that the firm now holds 4.81 million shares in the company valued at close to $46640063.8, or have control over 42.50% stake in the company. DHT Holdings Inc (NYSE: DHT) currently have 162.65M outstanding shares and institutions hold larger chunk of about 60.07% of that. Holding of mutual funds in the company is about 27.99% while other institutional holders and individual stake holders have control over 32.40% and — of the stake respectively.
The stock has a current market capitalization of $1.58B and its 3Y-monthly beta is at -0.21. PE ratio of stock for trailing 12 months is 8.40, while it has posted earnings per share of $1.15 in the same period. Its PEG reads 1.68 and has Quick Ratio of 1.80 while making debt-to-equity ratio of 0.43. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DHT, volatility over the week remained 3.09% while standing at 2.95% over the month.
Analysts are in expectations that DHT Holdings Inc (DHT) stock would likely to be making an EPS of $D.R. Horton, Inc. in the current quarter, while forecast for next quarter EPS is $127.26 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $DHT Holdings, Inc. which is $Vanguard Health Care ETF at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Dynatrace, Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 545.40% while it is estimated to increase by 101.11% in next year. EPS is likely to shrink at an annualized rate of 5.00% for next 5-years, compared to annual growth of 49.51% made by the stock over the past 5-years.
Analysts at 10 brokerage firms have issued recommendations for the DHT Holdings Inc (DHT)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.40. Out of those 10 Wall Street analysts, 8 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Stifel on October 19, 2023 offering a Hold rating for the stock and assigned a target price of $11 to it.
