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)

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

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!