Frontier Communications Parent, Inc. (NASDAQ:FYBR) Shares Sold by ANTIPODES PARTNERS Ltd

ANTIPODES PARTNERS Ltd reduced its position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 51.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 585,969 shares of the company's stock after selling 627,980 shares during the quarter. ANTIPODES PARTNERS Ltd owned about 0.24% of Frontier Communications Parent worth $20,335,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. increased its holdings in shares of Frontier Communications Parent by 68.0% in the 4th quarter. UMB Bank n.a. now owns 1,050 shares of the company's stock valued at $36,000 after acquiring an additional 425 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of Frontier Communications Parent in the 3rd quarter valued at $52,000. Farther Finance Advisors LLC increased its holdings 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 acquiring an additional 811 shares during the period. Quarry LP acquired a new stake in shares of Frontier Communications Parent in the 3rd quarter worth $91,000. Finally, Covestor Ltd boosted its position in shares of Frontier Communications Parent by 575.7% in the 3rd quarter. Covestor Ltd now owns 3,284 shares of the company's stock worth $117,000 after purchasing an additional 2,798 shares in the last quarter.

Insider Transactions at Frontier Communications Parent

In other news, EVP John Harrobin sold 36,000 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $36.01, for a total value of $1,296,360.00. Following the sale, the executive vice president now owns 76,523 shares in the company, valued at $2,755,593.23. This represents a 31.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.40% of the company's stock.

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Frontier Communications Parent Price Performance

Frontier Communications Parent stock remained flat at $35.84 during trading hours on Friday. The company's stock had a trading volume of 4,053,673 shares, compared to its average volume of 2,425,752. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.77 and a quick ratio of 0.77. The firm's 50-day moving average price is $35.72 and its 200 day moving average price is $35.16. The firm has a market capitalization of $8.95 billion, a PE ratio of -27.78 and a beta of 1.04. Frontier Communications Parent, Inc. has a twelve month low of $21.31 and a twelve month high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported ($0.47) EPS 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. Research analysts forecast that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on FYBR shares. New Street Research cut Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 21st. Raymond James cut Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a research report on Thursday, February 6th. Finally, Benchmark reissued a "hold" rating on shares of Frontier Communications Parent in a research report on Tuesday, February 25th. 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 company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $35.31.

Frontier Communications Parent 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.