74,967 Shares in Frontier Communications Parent, Inc. (NASDAQ:FYBR) Acquired by AGF Management Ltd.

AGF Management Ltd. purchased a new position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 74,967 shares of the company's stock, valued at approximately $2,601,000.

A number of other institutional investors have also recently bought and sold shares of FYBR. UMB Bank n.a. lifted its position in shares of 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 buying an additional 425 shares during the period. Meeder Asset Management Inc. bought a new position in shares of Frontier Communications Parent during the third quarter valued at $52,000. Farther Finance Advisors LLC boosted its stake in shares of 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. Quarry LP bought a new stake in shares of Frontier Communications Parent in the 3rd quarter worth about $91,000. Finally, Blue Trust Inc. grew its holdings in shares of Frontier Communications Parent by 36.8% in the 4th quarter. Blue Trust Inc. now owns 5,883 shares of the company's stock worth $209,000 after purchasing an additional 1,581 shares during the last quarter.

Frontier Communications Parent Trading Down 0.2 %

Shares of FYBR stock traded down $0.08 on Monday, reaching $35.76. 6,871,603 shares of the stock were exchanged, compared to its average volume of 2,443,536. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.77 and a quick ratio of 0.77. Frontier Communications Parent, Inc. has a one year low of $21.31 and a one year high of $39.21. The stock has a market cap of $8.93 billion, a PE ratio of -27.72 and a beta of 1.04. The stock has a 50 day moving average price of $35.72 and a 200 day moving average price of $35.20.

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Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.47 billion. Equities research analysts forecast that Frontier Communications Parent, Inc. will post -1.11 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP John Harrobin sold 36,000 shares of Frontier Communications Parent stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $36.01, for a total transaction of $1,296,360.00. Following the completion of the sale, the executive vice president now directly owns 76,523 shares of the company's stock, valued at $2,755,593.23. The trade was a 31.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Benchmark reissued a "hold" rating on shares of Frontier Communications Parent in a report on Tuesday, February 25th. Raymond James downgraded Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a report on Thursday, February 6th. Finally, New Street Research cut Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price 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.