Frontier Communications Parent, Inc. (NASDAQ:FYBR) Stock Position Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its holdings in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 5.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,310,952 shares of the company's stock after buying an additional 109,648 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.93% of Frontier Communications Parent worth $82,108,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in FYBR. Anthracite Investment Company Inc. purchased a new position in Frontier Communications Parent during the third quarter worth approximately $1,743,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Frontier Communications Parent by 21.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,971 shares of the company's stock worth $674,000 after buying an additional 3,354 shares during the period. Alpine Associates Management Inc. acquired a new position in Frontier Communications Parent in the third quarter valued at $9,855,000. Meeder Asset Management Inc. purchased a new stake in Frontier Communications Parent during the third quarter valued at about $52,000. Finally, Natixis Advisors LLC increased its stake in Frontier Communications Parent by 10.4% during the third quarter. Natixis Advisors LLC now owns 18,851 shares of the company's stock worth $670,000 after acquiring an additional 1,778 shares during the last quarter.

Frontier Communications Parent Stock Down 0.2 %

FYBR stock traded down $0.06 during trading on Thursday, reaching $34.78. The stock had a trading volume of 995,629 shares, compared to its average volume of 2,246,226. The firm has a fifty day moving average price of $35.32 and a 200 day moving average price of $30.53. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.28. The company has a market capitalization of $8.66 billion, a P/E ratio of -46.37 and a beta of 1.10. Frontier Communications Parent, Inc. has a 1-year low of $20.42 and a 1-year high of $39.21.

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

Analysts Set New Price Targets

FYBR has been the subject of a number of research reports. Moffett Nathanson cut Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 5th. UBS Group lowered shares of Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 6th. Raymond James lowered shares of Frontier Communications Parent from a "strong-buy" rating to a "market perform" rating in a report on Monday, October 28th. Wolfe Research downgraded Frontier Communications Parent from an "outperform" rating to a "peer perform" rating in a report on Monday, September 30th. Finally, JPMorgan Chase & Co. cut Frontier Communications Parent from an "overweight" rating to a "neutral" rating and boosted their price objective for the stock from $35.00 to $38.50 in a research note on Tuesday, September 17th. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $35.31.

Insider Activity at Frontier Communications Parent

In other Frontier Communications Parent news, EVP John Harrobin sold 23,491 shares of the company's stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $34.85, for a total transaction of $818,661.35. Following the sale, the executive vice president now owns 121,182 shares in the company, valued at $4,223,192.70. This represents a 16.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.40% of the stock is currently owned by corporate insiders.

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.