GSA Capital Partners LLP Cuts Holdings in Frontline Ltd (FRO)

GSA Capital Partners LLP lessened its stake in shares of Frontline Ltd (NYSE:FRO) by 51.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 73,581 shares of the shipping company’s stock after selling 76,932 shares during the quarter. GSA Capital Partners LLP’s holdings in Frontline were worth $407,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Evermore Global Advisors LLC boosted its stake in shares of Frontline by 3.3% during the third quarter. Evermore Global Advisors LLC now owns 5,687,632 shares of the shipping company’s stock valued at $33,045,000 after purchasing an additional 181,826 shares during the period. BlackRock Inc. boosted its stake in shares of Frontline by 2.9% during the fourth quarter. BlackRock Inc. now owns 3,739,119 shares of the shipping company’s stock valued at $20,678,000 after purchasing an additional 105,778 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Frontline by 1.6% during the fourth quarter. Bank of New York Mellon Corp now owns 262,884 shares of the shipping company’s stock valued at $1,454,000 after purchasing an additional 4,172 shares during the period. Vanguard Group Inc boosted its stake in shares of Frontline by 3.9% during the third quarter. Vanguard Group Inc now owns 239,796 shares of the shipping company’s stock valued at $1,394,000 after purchasing an additional 9,062 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Frontline by 3.9% during the third quarter. Vanguard Group Inc. now owns 239,796 shares of the shipping company’s stock valued at $1,394,000 after purchasing an additional 9,062 shares during the period. 18.96% of the stock is owned by hedge funds and other institutional investors.

FRO has been the subject of a number of analyst reports. Zacks Investment Research lowered Frontline from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 4th. DNB Markets lowered Frontline from a “buy” rating to a “hold” rating and set a $7.30 price objective for the company. in a research note on Sunday, December 9th. Wells Fargo & Co lowered Frontline from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $7.00 to $5.50 in a research note on Thursday, January 10th. ValuEngine raised Frontline from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, Morgan Stanley reissued a “hold” rating on shares of Frontline in a research note on Friday, February 15th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $6.43.

Shares of FRO stock opened at $6.50 on Friday. Frontline Ltd has a 52 week low of $4.24 and a 52 week high of $8.33. The firm has a market capitalization of $1.10 billion, a P/E ratio of -46.43, a price-to-earnings-growth ratio of 3.32 and a beta of 1.02. The company has a quick ratio of 1.32, a current ratio of 1.44 and a debt-to-equity ratio of 1.46.

Frontline (NYSE:FRO) last announced its quarterly earnings results on Thursday, February 28th. The shipping company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). Frontline had a negative return on equity of 2.11% and a negative net margin of 1.20%. Sell-side analysts anticipate that Frontline Ltd will post 0.39 EPS for the current fiscal year.

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Frontline Company Profile

Frontline Ltd., a shipping company, engages in the seaborne transportation of crude oil and oil products worldwide. As of December 31, 2017, the company's fleet consisted of 61 vessels, including VLCC, Suezmax, and LR2/Aframax tankers with an aggregate capacity of approximately 11.6 million deadweight ton.

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Institutional Ownership by Quarter for Frontline (NYSE:FRO)

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