Shares of Frontline Ltd. (NYSE:FRO) hit a new 52-week low on Wednesday . The stock traded as low as $4.86 and last traded at $4.86, with a volume of 628385 shares traded. The stock had previously closed at $5.03.
Several analysts recently weighed in on FRO shares. Zacks Investment Research downgraded Frontline from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. BidaskClub upgraded Frontline from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Finally, Credit Suisse Group restated a “neutral” rating on shares of Frontline in a research report on Tuesday, September 5th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $6.00.
The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.22. The company has a market cap of $881.28, a PE ratio of 32.44 and a beta of 1.87.
Institutional investors have recently bought and sold shares of the business. Legal & General Group Plc raised its position in Frontline by 3.8% in the first quarter. Legal & General Group Plc now owns 16,056 shares of the shipping company’s stock valued at $108,000 after purchasing an additional 581 shares during the last quarter. Aperio Group LLC bought a new position in Frontline in the second quarter valued at about $124,000. Parametric Portfolio Associates LLC raised its position in Frontline by 72.3% in the first quarter. Parametric Portfolio Associates LLC now owns 26,537 shares of the shipping company’s stock valued at $179,000 after purchasing an additional 11,133 shares during the last quarter. Nisa Investment Advisors LLC bought a new position in Frontline in the second quarter valued at about $182,000. Finally, Voya Investment Management LLC raised its position in Frontline by 24.4% in the second quarter. Voya Investment Management LLC now owns 32,821 shares of the shipping company’s stock valued at $188,000 after purchasing an additional 6,432 shares during the last quarter. Hedge funds and other institutional investors own 13.24% of the company’s stock.
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