Frontline PLC $FRO is Armor Advisors L.L.C.’s 10th Largest Position

Armor Advisors L.L.C. lifted its stake in Frontline PLC (NYSE:FRO) by 10.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 210,332 shares of the shipping company’s stock after buying an additional 20,000 shares during the quarter. Frontline makes up 2.7% of Armor Advisors L.L.C.’s holdings, making the stock its 10th largest position. Armor Advisors L.L.C. owned about 0.09% of Frontline worth $4,793,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC lifted its holdings in Frontline by 2.9% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 14,717 shares of the shipping company’s stock valued at $335,000 after acquiring an additional 418 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of Frontline by 17.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 9,730 shares of the shipping company’s stock valued at $160,000 after purchasing an additional 1,447 shares during the period. Financial Gravity Companies Inc. purchased a new stake in Frontline during the second quarter worth $25,000. SBI Securities Co. Ltd. boosted its holdings in Frontline by 9.3% during the second quarter. SBI Securities Co. Ltd. now owns 21,425 shares of the shipping company’s stock worth $352,000 after buying an additional 1,825 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in Frontline by 20.8% during the third quarter. Farther Finance Advisors LLC now owns 15,262 shares of the shipping company’s stock valued at $348,000 after buying an additional 2,630 shares during the period. 22.70% of the stock is owned by institutional investors and hedge funds.

Frontline Trading Up 2.7%

Shares of Frontline stock opened at $34.73 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.27. Frontline PLC has a twelve month low of $12.40 and a twelve month high of $34.75. The firm has a market capitalization of $7.73 billion, a PE ratio of 35.43 and a beta of 0.07. The firm’s 50-day moving average price is $25.95 and its 200 day moving average price is $23.83.

Frontline (NYSE:FRO) last announced its earnings results on Friday, November 21st. The shipping company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). The firm had revenue of $257.04 million for the quarter, compared to analyst estimates of $265.23 million. Frontline had a net margin of 12.23% and a return on equity of 8.89%. During the same period in the previous year, the company earned $0.34 EPS. On average, sell-side analysts predict that Frontline PLC will post 1.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FRO has been the subject of a number of analyst reports. Clarkson Capital upgraded shares of Frontline from a “neutral” rating to a “buy” rating in a research report on Monday, January 12th. Evercore upped their price target on Frontline from $22.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Frontline in a research report on Monday, December 29th. BTIG Research boosted their price objective on Frontline from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Finally, Jefferies Financial Group upped their target price on Frontline from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, November 21st. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $25.87.

Frontline Company Profile

Frontline Ltd. (NYSE:FRO) is a leading global shipping company specializing in the seaborne transportation of crude oil and petroleum products. The company’s core business activities encompass the ownership and operation of very large crude carriers (VLCCs), Suezmax tankers and Aframax vessels. Through long-term charters, spot market operations and time charters, Frontline provides flexible shipping solutions that cater to a diverse set of energy producers, refiners and trading houses worldwide.

Frontline’s fleet is geared toward high-capacity, ocean-going tankers capable of carrying large volumes of crude oil over intercontinental distances.