APG Asset Management N.V. Has $4.64 Million Stock Holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

APG Asset Management N.V. lowered its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 24.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 138,570 shares of the company's stock after selling 44,604 shares during the quarter. APG Asset Management N.V. owned approximately 0.06% of Frontier Communications Parent worth $4,644,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Oregon Public Employees Retirement Fund lifted its holdings in Frontier Communications Parent by 0.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 45,105 shares of the company's stock valued at $1,565,000 after purchasing an additional 344 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Frontier Communications Parent by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 45,059 shares of the company's stock worth $1,588,000 after buying an additional 372 shares during the period. CIBC Asset Management Inc grew its stake in Frontier Communications Parent by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 7,567 shares of the company's stock valued at $263,000 after buying an additional 377 shares during the last quarter. UMB Bank n.a. raised its holdings in 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. Finally, Natixis Advisors LLC lifted its position in Frontier Communications Parent by 2.5% during the fourth quarter. Natixis Advisors LLC now owns 19,324 shares of the company's stock worth $671,000 after acquiring an additional 473 shares during the last quarter.

Insider Transactions at Frontier Communications Parent

In related news, EVP John Harrobin sold 36,000 shares of the business's 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 sale, the executive vice president now owns 76,523 shares in the company, valued at $2,755,593.23. The trade was a 31.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.40% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Raymond James downgraded Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a research report on Thursday, February 6th. New Street Research lowered Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a report on Friday, February 21st. Finally, Benchmark reissued a "hold" rating on shares of Frontier Communications Parent in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $36.07.

Frontier Communications Parent Price Performance

FYBR stock traded up $0.16 during midday trading on Thursday, reaching $36.11. The company had a trading volume of 1,017,391 shares, compared to its average volume of 2,662,643. The company has a market capitalization of $9.03 billion, a price-to-earnings ratio of -27.99 and a beta of 1.01. 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 1-year low of $21.31 and a 1-year high of $39.21. The stock has a 50 day moving average price of $35.83 and a 200-day moving average price of $35.42.

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 (EPS) for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.28). Frontier Communications Parent had a negative net margin of 5.42% and a negative return on equity of 6.25%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.47 billion. Equities research analysts expect that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current year.

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.