Squarepoint Ops LLC Purchases Shares of 12,722 DHT Holdings Inc (DHT)
Squarepoint Ops LLC purchased a new stake in DHT Holdings Inc (NYSE:DHT) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,722 shares of the shipping company’s stock, valued at approximately $50,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Raymond James & Associates bought a new stake in DHT in the fourth quarter valued at $159,000. Two Sigma Investments LP bought a new stake in DHT in the fourth quarter valued at $159,000. Marshall Wace North America L.P. bought a new stake in DHT in the third quarter valued at $223,000. Bank of America Corp DE increased its stake in DHT by 29.2% in the fourth quarter. Bank of America Corp DE now owns 64,378 shares of the shipping company’s stock valued at $252,000 after purchasing an additional 14,561 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in DHT by 44.6% in the fourth quarter. Rhumbline Advisers now owns 129,718 shares of the shipping company’s stock valued at $508,000 after purchasing an additional 40,038 shares in the last quarter. 40.99% of the stock is owned by hedge funds and other institutional investors.
DHT has been the subject of several research analyst reports. ValuEngine raised shares of DHT from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. DNB Markets raised shares of DHT from a “hold” rating to a “buy” rating in a research note on Tuesday, February 12th. Zacks Investment Research upgraded shares of DHT from a “sell” rating to a “hold” rating in a report on Friday, January 25th. Finally, Wells Fargo & Co cut shares of DHT from an “outperform” rating to a “market perform” rating in a report on Thursday, January 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $6.30.
DHT (NYSE:DHT) last issued its quarterly earnings data on Wednesday, February 6th. The shipping company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). The business had revenue of $85.20 million for the quarter, compared to analyst estimates of $84.83 million. DHT had a negative net margin of 14.05% and a negative return on equity of 4.15%. The firm’s quarterly revenue was up 50.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.05) earnings per share. As a group, research analysts anticipate that DHT Holdings Inc will post 0.07 EPS for the current fiscal year.
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DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Oslo, Norway and Singapore. As of March 18, 2019, it had a fleet of 27 very large crude carriers with a capacity of 8,360,850 deadweight tons. The company was founded in 2005 and is headquartered in Hamilton, Bermuda.
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