Frontline Ltd. (NYSE:FRO) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $4.76 and last traded at $4.91, with a volume of 706600 shares. The stock had previously closed at $4.97.

Several research analysts have commented on FRO shares. Zacks Investment Research upgraded Frontline from a “sell” rating to a “hold” rating in a report on Monday, November 27th. Credit Suisse Group restated a “neutral” rating on shares of Frontline in a report on Tuesday, September 5th. Finally, BidaskClub upgraded Frontline from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $6.00.

The firm has a market cap of $811.66, a price-to-earnings ratio of 29.88 and a beta of 1.87. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.47 and a quick ratio of 1.47.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cipher Capital LP increased its holdings in shares of Frontline by 24.9% in the 2nd quarter. Cipher Capital LP now owns 500,614 shares of the shipping company’s stock valued at $2,868,000 after acquiring an additional 99,785 shares during the period. Northern Trust Corp increased its holdings in shares of Frontline by 197.8% in the 2nd quarter. Northern Trust Corp now owns 1,795,843 shares of the shipping company’s stock valued at $10,290,000 after acquiring an additional 1,192,899 shares during the period. Teachers Advisors LLC increased its holdings in shares of Frontline by 18.2% in the 2nd quarter. Teachers Advisors LLC now owns 135,816 shares of the shipping company’s stock valued at $778,000 after acquiring an additional 20,935 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of Frontline in the 2nd quarter valued at $1,016,000. Finally, TIAA CREF Investment Management LLC increased its holdings in shares of Frontline by 12.0% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 202,366 shares of the shipping company’s stock valued at $1,160,000 after acquiring an additional 21,700 shares during the period. Institutional investors own 13.24% of the company’s stock.

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Frontline Company Profile

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