Frontline Ltd. (NYSE:FRO) shares rose 6.9% during mid-day trading on Wednesday . The company traded as high as $5.45 and last traded at $5.45. Approximately 938,825 shares were traded during trading, an increase of 41% from the average daily volume of 666,558 shares. The stock had previously closed at $5.10.

FRO has been the topic of a number of research analyst reports. ValuEngine downgraded Frontline from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub upgraded Frontline from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Zacks Investment Research upgraded Frontline from a “sell” rating to a “hold” rating in a report on Thursday, May 11th. Credit Suisse Group reduced their price target on Frontline from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, May 31st. Finally, Seaport Global Securities upgraded Frontline from a “neutral” rating to a “buy” rating and set a $8.00 price target on the stock in a report on Wednesday, May 31st. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $6.00.

The firm has a market cap of $925.46 million, a P/E ratio of 14.23 and a beta of 2.04. The stock’s 50-day moving average price is $5.52 and its 200 day moving average price is $6.12.

Frontline (NYSE:FRO) last announced its quarterly earnings data on Wednesday, August 30th. The shipping company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.05. The firm had revenue of $89.99 million during the quarter, compared to the consensus estimate of $86.55 million. Frontline had a return on equity of 4.41% and a net margin of 4.74%.

Several large investors have recently modified their holdings of the company. Legal & General Group Plc increased its position in shares of Frontline by 3.8% during the first quarter. Legal & General Group Plc now owns 16,056 shares of the shipping company’s stock worth $108,000 after acquiring an additional 581 shares during the period. American International Group Inc. increased its position in shares of Frontline by 7.6% during the first quarter. American International Group Inc. now owns 40,205 shares of the shipping company’s stock worth $271,000 after acquiring an additional 2,841 shares during the period. Voya Investment Management LLC increased its position in shares of Frontline by 24.4% during the second quarter. Voya Investment Management LLC now owns 32,821 shares of the shipping company’s stock worth $188,000 after acquiring an additional 6,432 shares during the period. KCG Holdings Inc. increased its position in shares of Frontline by 40.3% during the first quarter. KCG Holdings Inc. now owns 25,073 shares of the shipping company’s stock worth $169,000 after acquiring an additional 7,205 shares during the period. Finally, Teachers Advisors LLC increased its position in shares of Frontline by 6.8% during the first quarter. Teachers Advisors LLC now owns 114,881 shares of the shipping company’s stock worth $774,000 after acquiring an additional 7,266 shares during the period. 12.35% of the stock is currently owned by institutional investors and hedge funds.

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