Frontier Communications Parent, Inc. (NASDAQ:FYBR) Shares Sold by Capital International Investors

Capital International Investors cut its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 63.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,926,764 shares of the company's stock after selling 4,981,717 shares during the quarter. Capital International Investors owned 1.18% of Frontier Communications Parent worth $101,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Mariner LLC lifted its stake in Frontier Communications Parent by 0.8% in the fourth quarter. Mariner LLC now owns 37,731 shares of the company's stock worth $1,309,000 after acquiring an additional 301 shares during the period. Oregon Public Employees Retirement Fund lifted its position in Frontier Communications Parent by 0.8% during the fourth 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 period. Franklin Resources Inc. increased its position 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 valued at $1,588,000 after purchasing an additional 372 shares during the last quarter. CIBC Asset Management Inc lifted its position in Frontier Communications Parent by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 7,567 shares of the company's stock valued at $263,000 after purchasing an additional 377 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Frontier Communications Parent by 68.0% in the fourth quarter. UMB Bank n.a. now owns 1,050 shares of the company's stock worth $36,000 after purchasing an additional 425 shares during the period.

Wall Street Analyst Weigh In

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

Frontier Communications Parent Stock Up 0.2 %

Shares of Frontier Communications Parent stock traded up $0.06 during trading on Thursday, hitting $36.21. 1,469,679 shares of the stock were exchanged, compared to its average volume of 2,665,758. 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 $35.86 and its 200 day moving average price is $35.44. The stock has a market cap of $9.06 billion, a price-to-earnings ratio of -28.07 and a beta of 1.01. Frontier Communications Parent, Inc. has a 12-month low of $21.85 and a 12-month high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.28). The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.47 billion. Frontier Communications Parent had a negative return on equity of 6.25% and a negative net margin of 5.42%. As a group, analysts forecast that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current fiscal year.

Insider Transactions at Frontier Communications Parent

In other Frontier Communications Parent news, EVP John Harrobin sold 36,000 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 76,523 shares in the company, valued at approximately $2,755,593.23. The trade was a 31.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.40% of the company's stock.

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.