R Squared Ltd Buys New Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

R Squared Ltd bought a new position in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,450 shares of the company's stock, valued at approximately $363,000.

Other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its position in Frontier Communications Parent by 68.0% during the 4th quarter. UMB Bank n.a. now owns 1,050 shares of the company's stock worth $36,000 after purchasing an additional 425 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Frontier Communications Parent in the 3rd quarter valued at $50,000. Meeder Asset Management Inc. purchased a new stake in Frontier Communications Parent during the 3rd quarter worth $52,000. Farther Finance Advisors LLC increased its holdings in Frontier Communications Parent by 80.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,815 shares of the company's stock valued at $64,000 after purchasing an additional 811 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Frontier Communications Parent during the third quarter worth about $91,000.

Frontier Communications Parent Stock Performance

FYBR stock traded up $0.05 during trading on Wednesday, hitting $35.81. 1,397,313 shares of the company's stock traded hands, compared to its average volume of 2,702,532. The stock has a market capitalization of $8.92 billion, a price-to-earnings ratio of -47.74 and a beta of 1.05. Frontier Communications Parent, Inc. has a 52 week low of $20.51 and a 52 week high of $39.21. The stock has a fifty day moving average price of $34.99 and a two-hundred day moving average price of $33.39. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.28.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.11). Frontier Communications Parent had a negative return on equity of 3.61% and a negative net margin of 3.19%. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the company earned $0.05 EPS. Frontier Communications Parent's revenue was up 3.7% compared to the same quarter last year. As a group, equities analysts anticipate that Frontier Communications Parent, Inc. will post -0.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FYBR has been the topic of several analyst reports. TD Cowen downgraded Frontier Communications Parent from a "buy" rating to a "hold" rating and dropped their target price for the company from $39.00 to $38.50 in a report on Tuesday, October 8th. Benchmark downgraded shares of Frontier Communications Parent from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. Raymond James lowered shares of Frontier Communications Parent from a "strong-buy" rating to a "market perform" rating in a report on Monday, October 28th. BNP Paribas upgraded Frontier Communications Parent to a "hold" rating in a research note on Monday, October 14th. Finally, Citigroup cut Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 11th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Frontier Communications Parent has an average rating of "Hold" and a consensus price target of $35.31.

Insider Activity at Frontier Communications Parent

In related news, EVP John Harrobin sold 23,491 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $34.85, for a total value of $818,661.35. Following the completion of the transaction, the executive vice president now directly owns 121,182 shares of the company's stock, valued at $4,223,192.70. This represents a 16.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.40% of the company's stock.

Frontier Communications Parent Company Profile

Frontier Communications Parent, Inc, together with its subsidiaries, provides communication and technology services in the United States. It offers broadband, video, voice, and other value-added services. The company also provides data and Internet, including broadband networking services; data-based voice over internet protocol, unified communications, long-distance, and voice messaging services; video services under the Frontier TV brand; access services; hardware and network solutions; and packages of services.