Silphium Asset Management Ltd Takes Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Silphium Asset Management Ltd acquired a new position in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 300,000 shares of the company's stock, valued at approximately $10,410,000. Frontier Communications Parent accounts for approximately 3.4% of Silphium Asset Management Ltd's portfolio, making the stock its 6th largest holding. Silphium Asset Management Ltd owned approximately 0.12% of Frontier Communications Parent at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Slotnik Capital LLC acquired a new position in Frontier Communications Parent during the 3rd quarter worth $34,286,000. Alberta Investment Management Corp acquired a new stake in Frontier Communications Parent in the fourth quarter worth about $24,863,000. Sand Grove Capital Management LLP bought a new position in Frontier Communications Parent in the 3rd quarter valued at about $18,490,000. Anchorage Capital Advisors L.P. grew its position in Frontier Communications Parent by 26.6% in the 3rd quarter. Anchorage Capital Advisors L.P. now owns 1,729,555 shares of the company's stock valued at $61,451,000 after buying an additional 362,888 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in Frontier Communications Parent by 1,283.8% during the 4th quarter. SG Americas Securities LLC now owns 321,578 shares of the company's stock valued at $11,159,000 after buying an additional 298,339 shares during the period.

Frontier Communications Parent Price Performance

Shares of NASDAQ FYBR traded up $0.01 during mid-day trading on Monday, reaching $36.00. The company had a trading volume of 1,877,302 shares, compared to its average volume of 2,443,340. The company has a 50-day moving average price of $35.52 and a two-hundred day moving average price of $34.75. The stock has a market cap of $8.99 billion, a PE ratio of -27.91 and a beta of 1.05. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.28. Frontier Communications Parent, Inc. has a 1-year low of $21.31 and a 1-year high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.47) earnings per share for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.28). Frontier Communications Parent had a negative return on equity of 6.25% and a negative net margin of 5.42%. The company had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.47 billion. On average, equities analysts anticipate that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current year.

Analysts Set New Price Targets

FYBR has been the subject of a number of research analyst reports. New Street Research lowered shares of Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 21st. Benchmark restated a "hold" rating on shares of Frontier Communications Parent in a research report on Tuesday, February 25th. Finally, Raymond James lowered Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $35.31.

About Frontier Communications Parent

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.