Frontline Ltd. (FRO) Reaches $5.35 Yearly Low; Logitech International SA Ord (LOGI) Shorts Down By 23.64%

June 20, 2017 - By Marie Mckinney

The stock of Frontline Ltd. (NYSE:FRO) hit a new 52-week low and has $5.14 target or 4.00% below today’s $5.35 share price. The 9 months bearish chart indicates high risk for the $7.79 billion company. The 1-year low was reported on Jun, 20 by Barchart.com. If the $5.14 price target is reached, the company will be worth $311.60 million less. About 178,177 shares traded. Frontline Ltd. (NYSE:FRO) has declined 16.06% since June 20, 2016 and is downtrending. It has underperformed by 32.76% the S&P500.

Logitech International SA Ord (NASDAQ:LOGI) had a decrease of 23.64% in short interest. LOGI’s SI was 8.34 million shares in June as released by FINRA. Its down 23.64% from 10.92M shares previously. With 394,400 avg volume, 21 days are for Logitech International SA Ord (NASDAQ:LOGI)’s short sellers to cover LOGI’s short positions. The SI to Logitech International SA Ord’s float is 5.69%. About 88,850 shares traded. Logitech International SA (USA) (NASDAQ:LOGI) has risen 143.25% since June 20, 2016 and is uptrending. It has outperformed by 126.55% the S&P500.

Among 7 analysts covering Frontline Ltd. (NYSE:FRO), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Frontline Ltd. had 10 analyst reports since November 25, 2015 according to SRatingsIntel. The rating was upgraded by Seaport Global on Wednesday, May 31 to “Buy”. The stock has “Buy” rating by Seaport Global Securities on Thursday, December 17. The firm earned “Buy” rating on Tuesday, February 16 by Clarkson Capital. Nordea upgraded the stock to “Buy” rating in Thursday, January 14 report. On Wednesday, January 13 the stock rating was upgraded by DNB Markets to “Buy”. The stock has “Neutral” rating by Credit Suisse on Wednesday, November 25. Clarkson Capital upgraded the stock to “Buy” rating in Tuesday, February 9 report. The stock has “Hold” rating by Deutsche Bank on Monday, January 4. The stock has “Neutral” rating by Seaport Global on Wednesday, May 4.

Frontline Ltd. is a shipping company. The company has market cap of $7.79 billion. The Firm is engaged in the seaborne transportation of crude oil and oil products. It has a 1.59 P/E ratio. The Company’s tankers segment includes crude oil tankers and product tankers.

Investors sentiment decreased to 1.24 in Q4 2016. Its down 0.14, from 1.38 in 2016Q3. It turned negative, as 17 investors sold Logitech International SA (USA) shares while 25 reduced holdings. 17 funds opened positions while 35 raised stakes. 59.23 million shares or 4.46% more from 56.71 million shares in 2016Q3 were reported. First Trust Advsr Ltd Partnership holds 91,512 shares. Axa reported 128,600 shares or 0.01% of all its holdings. Dimensional Fund Advisors Ltd Partnership owns 308,563 shares for 0% of their portfolio. Wells Fargo & Mn holds 18,308 shares. Macquarie Grp Inc Limited has 112,860 shares for 0.01% of their portfolio. Bank & Trust Of Montreal Can holds 11,763 shares or 0% of its portfolio. Castleark Mgmt Limited Liability Corporation invested 0.19% in Logitech International SA (USA) (NASDAQ:LOGI). Exane Derivatives reported 72,228 shares or 0% of all its holdings. Amer Communications Tx has 42,020 shares. Bankshares Of America De invested in 0% or 765,009 shares. Franklin Resources stated it has 2.44M shares. D E Shaw stated it has 329,422 shares or 0.01% of all its holdings. Deutsche Bank Ag accumulated 1.79 million shares. Us Bank De invested 0% of its portfolio in Logitech International SA (USA) (NASDAQ:LOGI). Jackson Square Partners Limited Liability Corporation accumulated 4.55M shares.

Among 6 analysts covering Logitech Intl SA (NASDAQ:LOGI), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Logitech Intl SA had 6 analyst reports since August 19, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, August 23 by UBS. Morgan Stanley upgraded the stock to “Equal-Weight” rating in Wednesday, August 10 report. The rating was initiated by Sterne Agee CRT on Tuesday, April 5 with “Neutral”. The company was upgraded on Thursday, October 27 by JP Morgan. The stock has “Buy” rating by Rosenblatt on Wednesday, August 19.

Since December 27, 2016, it had 0 insider buys, and 6 selling transactions for $7.49 million activity. Shares for $3.42M were sold by Stolk Marcel. 25,000 shares were sold by De Luca Guerrino, worth $750,000 on Monday, March 13. HUNT NEIL D also sold $148,050 worth of Logitech International SA (USA) (NASDAQ:LOGI) on Friday, March 10. The insider Pilette Vincent sold $1.19M.

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