Frontier Communications Parent, Inc. (NASDAQ:FYBR) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,323,203 shares of the company's stock after acquiring an additional 12,251 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.93% of Frontier Communications Parent worth $80,615,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Frontier Communications Parent during the third quarter valued at approximately $222,000. US Bancorp DE lifted its position in Frontier Communications Parent by 8.4% in the 3rd quarter. US Bancorp DE now owns 7,750 shares of the company's stock valued at $275,000 after acquiring an additional 598 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Frontier Communications Parent by 80.8% during the third quarter. Farther Finance Advisors LLC now owns 1,815 shares of the company's stock valued at $64,000 after buying an additional 811 shares during the last quarter. QRG Capital Management Inc. purchased a new stake in shares of Frontier Communications Parent during the 3rd quarter valued at about $210,000. Finally, Covestor Ltd grew its position in 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 during the period.

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Wall Street Analyst Weigh In

A number of analysts have commented on the stock. New Street Research cut shares of Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a report on Friday, February 21st. Benchmark restated a "hold" rating on shares of Frontier Communications Parent in a report on Tuesday, February 25th. Finally, Raymond James downgraded shares of Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $35.31.

Frontier Communications Parent Price Performance

FYBR stock remained flat at $35.84 during mid-day trading on Friday. 4,053,673 shares of the company's stock were exchanged, compared to its average volume of 2,426,809. 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 business has a 50 day moving average of $35.71 and a 200 day moving average of $35.07. The stock has a market cap of $8.95 billion, a P/E 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 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 analysts' expectations of $1.47 billion. Frontier Communications Parent had a negative net margin of 5.42% and a negative return on equity of 6.25%. Analysts anticipate that Frontier Communications Parent, Inc. will post -1.11 EPS for the current 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 shares were 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 of the company's stock, valued at approximately $2,755,593.23. The trade was a 31.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.40% of the company's stock.

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.