Cerberus Capital Management Reports New Stake in DHT Holdings Inc (DHT)

Managed by Stephen Feinberg, Cerberus Capital Management revealed a new stake in DHT Holdings Inc (NYSE:DHT), a recent 13G filing with the SEC shows. The new position amounts to 3.92 million shares with a current market value of around $29.00 million, which amounts to 5.70% of the company’s total market capitalization.

0000950157-11-000131_DHT-LOGO

Based in Hamilton, Bermuda, DHT Holdings Inc (NYSE:DHT) is an independent crude oil tanker company. Performing trade operations internationally, its fleet consists of crude carriers in the Suezmax, Aframax, and VLCC segments. Recently, the company announced that it has purchased another VLCC built in 2004 at Daewoo for $49.00 million.

The company has delivered stable revenues in the past 5 years, generating losses of $4.13 million or $0.24 per share last year, compared to losses of $94.05 million or $7.83 per share in 2012. DHT Holdings’ stock is currently quoted at around $7.45, the company expected to produce EPS of $0.50 in 2014. Setting a target price of $10.35 per share, market analysts recommend that investors buy the company’s stock.

Kevin Michael Ulrich‘s Anchorage Advisors and Jim Simons‘ Renaissance Technologies are two other large shareholders of DHT Holdings Inc (NYSE:DHT), the former holding a position of nearly 5.00 million shares, while the latter a position of around 263,000 shares, according to their latest 13F filings.

Stephen Feinberg’s Cerberus Capital Management holds a $140.59 million equity portfolio, of which around 65.00% are invested in the Services Sector. BlueLinx Holdings Inc. (NYSE:BXC), a penny stock trading at around $1.10 per share, represents a tremendous share in the fund’s portfolio, the position amassing more than 47.10 million shares of the company. Another stock in which the fund owns a significant stake of 5.13 million shares is SandRidge Energy Inc. (NYSE:SD), an independent oil and natural gas company. A few weeks ago, Cerberus revealed a new position of 41.52 million shares in Ally Financial Inc (NYSE:ALLY).

Disclosure: none

Recommended reading:

Canyon Capital Advisors’ Recent Moves Include DHT Holdings Inc (DHT), Cumulus Media Inc (CMLS) & Others

Billionaire Stephen Feinberg is Fond of These Stocks

Stephen Feinberg Sells Out Position in Tower International Inc (TOWR)

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!