Fintel reports that on May 4, 2023, Jefferies downgraded their outlook for DHT Holdings (NYSE:DHT) from Buy to Hold .
Analyst Price Forecast Suggests 38.18% Upside
As of April 24, 2023, the average one-year price target for DHT Holdings is 12.48. The forecasts range from a low of 11.11 to a high of $15.02. The average price target represents an increase of 38.18% from its latest reported closing price of 9.03.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for DHT Holdings is 387MM, a decrease of 26.90%. The projected annual non-GAAP EPS is 1.04.
What is the Fund Sentiment?
There are 366 funds or institutions reporting positions in DHT Holdings. This is an increase of 34 owner(s) or 10.24% in the last quarter. Average portfolio weight of all funds dedicated to DHT is 0.18%, a decrease of 15.75%. Total shares owned by institutions increased in the last three months by 13.07% to 118,847K shares. 
The put/call ratio of DHT is 0.57, indicating a bullish outlook.
What are Other Shareholders Doing?
FCVSX - Fidelity Convertible Securities Fund holds 5,844K shares representing 3.59% ownership of the company. In it's prior filing, the firm reported owning 7,895K shares, representing a decrease of 35.11%. The firm decreased its portfolio allocation in DHT by 14.52% over the last quarter.
FWATX - Fidelity Advisor Multi-Asset Income Fund holds 5,646K shares representing 3.46% ownership of the company. In it's prior filing, the firm reported owning 4,936K shares, representing an increase of 12.58%. The firm increased its portfolio allocation in DHT by 30.07% over the last quarter.
Millennium Management holds 4,523K shares representing 2.78% ownership of the company. In it's prior filing, the firm reported owning 55K shares, representing an increase of 98.78%. The firm increased its portfolio allocation in DHT by 8,890.06% over the last quarter.
Hosking Partners LLP holds 4,328K shares representing 2.66% ownership of the company. In it's prior filing, the firm reported owning 2,837K shares, representing an increase of 34.46%. The firm increased its portfolio allocation in DHT by 66.28% over the last quarter.
DFSVX - U.s. Small Cap Value Portfolio - Institutional Class holds 4,207K shares representing 2.58% ownership of the company. In it's prior filing, the firm reported owning 3,917K shares, representing an increase of 6.90%. The firm increased its portfolio allocation in DHT by 0.44% over the last quarter.
DHT Holdings Background Information
(This description is provided by the company.)
DHT is an independent crude oil tanker company. Its fleet trades internationally and consists of crude oil tankers in the VLCC segment. It operates through its integrated management companies in Monaco, Singapore and Oslo, Norway. You shall recognize it by its business approach with an experienced organization with focus on first rate operations and customer service, quality ships built at quality shipyards, prudent capital structure with robust cash break even levels to accommodate staying power through the business cycles, a combination of market exposure and fixed income contracts for its fleet and a transparent corporate structure maintaining a high level of integrity and good governance.
See all DHT Holdings regulatory filings.This story originally appeared on Fintel.
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