GSA Capital Partners LLP Takes $586,000 Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

GSA Capital Partners LLP bought a new stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 16,480 shares of the company's stock, valued at approximately $586,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of FYBR. Russell Investments Group Ltd. boosted its stake in shares of Frontier Communications Parent by 140.9% during the 1st quarter. Russell Investments Group Ltd. now owns 4,208 shares of the company's stock worth $103,000 after purchasing an additional 2,461 shares during the period. Vanguard Group Inc. increased its stake in Frontier Communications Parent by 0.5% in the first quarter. Vanguard Group Inc. now owns 24,072,547 shares of the company's stock worth $589,777,000 after purchasing an additional 108,344 shares during the period. Capital International Investors lifted its position in shares of Frontier Communications Parent by 0.5% during the first quarter. Capital International Investors now owns 17,415,371 shares of the company's stock worth $426,677,000 after purchasing an additional 92,944 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Frontier Communications Parent by 12.0% in the first quarter. Canada Pension Plan Investment Board now owns 13,683,965 shares of the company's stock worth $335,257,000 after purchasing an additional 1,462,646 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Frontier Communications Parent by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 118,907 shares of the company's stock worth $2,914,000 after buying an additional 7,602 shares during the period.

Frontier Communications Parent Trading Down 0.5 %

Shares of FYBR stock traded down $0.18 during mid-day trading on Tuesday, reaching $34.75. The stock had a trading volume of 1,638,008 shares, compared to its average volume of 2,247,941. The business's fifty day moving average is $35.46 and its 200-day moving average is $30.12. Frontier Communications Parent, Inc. has a 1-year low of $20.42 and a 1-year high of $39.21. 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 posted its earnings results on Tuesday, November 5th. The company reported ($0.33) EPS for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.11). The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.46 billion. Frontier Communications Parent had a negative net margin of 3.19% and a negative return on equity of 3.61%. Frontier Communications Parent's revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the business earned $0.05 earnings per share. As a group, research analysts expect that Frontier Communications Parent, Inc. will post -0.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FYBR. BNP Paribas upgraded shares of Frontier Communications Parent to a "hold" rating in a research note on Monday, October 14th. Wolfe Research cut Frontier Communications Parent from an "outperform" rating to a "peer perform" rating in a report on Monday, September 30th. JPMorgan Chase & Co. lowered shares of Frontier Communications Parent from an "overweight" rating to a "neutral" rating and upped their price objective for the stock from $35.00 to $38.50 in a research note on Tuesday, September 17th. Moffett Nathanson lowered shares of Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 5th. Finally, Citigroup downgraded shares of Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 11th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $35.31.

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.