Barclays PLC Acquires 28,417 Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Barclays PLC boosted its stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 39.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 99,969 shares of the company's stock after buying an additional 28,417 shares during the quarter. Barclays PLC's holdings in Frontier Communications Parent were worth $3,553,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. GAMMA Investing LLC boosted its position in Frontier Communications Parent by 18.9% during the third quarter. GAMMA Investing LLC now owns 2,799 shares of the company's stock worth $99,000 after acquiring an additional 444 shares during the last quarter. Jag Capital Management LLC increased its position in shares of Frontier Communications Parent by 5.2% in the third quarter. Jag Capital Management LLC now owns 9,010 shares of the company's stock worth $320,000 after acquiring an additional 445 shares in the last quarter. Game Plan Financial Advisors LLC raised its position in Frontier Communications Parent by 23.8% in the second quarter. Game Plan Financial Advisors LLC now owns 2,600 shares of the company's stock valued at $68,000 after purchasing an additional 500 shares during the period. Captrust Financial Advisors lifted its position in Frontier Communications Parent by 6.5% during the 3rd quarter. Captrust Financial Advisors now owns 9,540 shares of the company's stock worth $339,000 after acquiring an additional 581 shares in the last quarter. Finally, US Bancorp DE lifted its position in shares of Frontier Communications Parent by 8.4% during the third quarter. US Bancorp DE now owns 7,750 shares of the company's stock worth $275,000 after purchasing an additional 598 shares in the last quarter.

Frontier Communications Parent Stock Up 0.4 %

Shares of Frontier Communications Parent stock traded up $0.13 on Monday, hitting $34.78. 1,580,483 shares of the company traded hands, compared to its average volume of 2,298,206. 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, Inc. has a 12-month low of $20.51 and a 12-month high of $39.21. The company has a 50-day moving average price of $35.05 and a 200 day moving average price of $31.57. The company has a market cap of $8.66 billion, a PE ratio of -46.37 and a beta of 1.05.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.11). The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.46 billion. Frontier Communications Parent had a negative return on equity of 3.61% and a negative net margin of 3.19%. The business's revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.05 earnings per share. Sell-side analysts predict that Frontier Communications Parent, Inc. will post -0.83 earnings per share for the current year.

Insider Activity at Frontier Communications Parent

In other Frontier Communications Parent news, EVP John Harrobin sold 23,491 shares of the business's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $34.85, for a total value of $818,661.35. Following the completion of the sale, the executive vice president now owns 121,182 shares of the company's stock, valued at $4,223,192.70. The trade was a 16.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.40% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on FYBR. Moffett Nathanson downgraded Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 5th. TD Cowen lowered Frontier Communications Parent from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $39.00 to $38.50 in a report on Tuesday, October 8th. Citigroup downgraded shares of Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 11th. BNP Paribas raised Frontier Communications Parent to a "hold" rating in a report on Monday, October 14th. Finally, UBS Group downgraded Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 6th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Frontier Communications Parent presently has an average 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.