FRO Was Down Today. What Is Up?

By Blake Campbell • Wednesday, May 31 09:43 • Permanent Link

Frontline stock is trading -38.96% below its average target price of $23.0 after dropping -6.6% during today's morning session. Analysts are giving the mid-cap Marine Shipping company an average rating of hold and target prices ranging from $16.0 to $34.0 per share.

Frontline has an average level of shares sold short, at 6.9% of its total share float. The stock's short ratio (also called days to cover) is 4.2. Since 35.87% of the company's shares are owned by insiders, we can infer that there is a degree of alignment between management and shareholder interests.

Institutional investors own 53.0% of Frontline's shares, which indicates they have a high level of confidence in the company.

Institutions Invested in Frontline

Date Reported	Holder	Percentage	Shares	Value
2023-03-31	Blackrock Inc.	3%	6,250,272	$87,753,818
2023-03-31	Barclays Plc	3%	6,047,159	$84,902,112
2023-03-31	Two Sigma Advisers, LP	2%	4,684,450	$65,769,677
2023-03-31	Two Sigma Investments, LP	2%	4,496,854	$63,135,829
2023-03-31	Bank Of New York Mellon Corporation	2%	4,000,303	$56,164,253
2023-03-31	Shaw D.E. & Co., Inc.	2%	3,614,651	$50,749,699
2023-03-31	Melqart Asset Management UK Ltd.	1%	2,945,330	$41,352,433
2023-03-31	Renaissance Technologies, LLC	1%	2,780,284	$39,035,187
2023-03-31	Goldman Sachs Group Inc	1%	2,175,838	$30,548,765
2023-03-31	State Street Corporation	1%	1,926,633	$27,049,927

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.