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. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

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!