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

Core Insights - Armor Advisors L.L.C. increased its stake in Frontline PLC by 10.5% during Q3, owning 210,332 shares valued at approximately $4.79 million, making it the 10th largest position in their portfolio [2] - Other institutional investors also increased their holdings in Frontline, with notable increases from Vanguard Personalized Indexing Management LLC (2.9%), Steward Partners Investment Advisory LLC (17.5%), and Farther Finance Advisors LLC (20.8%) [3] - Frontline's stock opened at $34.73, with a market capitalization of $7.73 billion, a PE ratio of 35.43, and a beta of 0.07, indicating relatively low volatility [4] Financial Performance - Frontline reported an EPS of $0.19 for the latest quarter, missing analysts' expectations of $0.23, with revenues of $257.04 million compared to estimates of $265.23 million [5] - The company had a net margin of 12.23% and a return on equity of 8.89%, with a projected EPS of 1.78 for the current fiscal year [5] Analyst Ratings - Clarkson Capital upgraded Frontline from "neutral" to "buy," while Evercore raised its price target from $22.00 to $26.00, maintaining an "outperform" rating [6] - The consensus rating for Frontline is "Moderate Buy," with a consensus price target of $25.87 [6] Company Overview - Frontline Ltd. is a leading global shipping company specializing in the transportation of crude oil and petroleum products, operating a fleet of very large crude carriers (VLCCs), Suezmax tankers, and Aframax vessels [7][8] - The company provides flexible shipping solutions through long-term charters and spot market operations, catering to a diverse set of energy producers and trading houses worldwide [8]