ClearAlpha Technologies LP Invests $2.10 Million in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

ClearAlpha Technologies LP purchased a new stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 60,477 shares of the company's stock, valued at approximately $2,099,000. Frontier Communications Parent makes up 1.4% of ClearAlpha Technologies LP's portfolio, making the stock its 18th biggest position.

Other large investors also recently bought and sold shares of the company. Mariner LLC grew its position 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 raised its position in Frontier Communications Parent by 0.8% in 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. lifted its stake in shares of Frontier Communications Parent by 0.8% in 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 grew its holdings in shares of Frontier Communications Parent by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 7,567 shares of the company's stock worth $263,000 after purchasing an additional 377 shares during the period. Finally, UMB Bank n.a. increased its position in shares of Frontier Communications Parent by 68.0% during the 4th 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 last quarter.

Analyst Upgrades and Downgrades

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

Frontier Communications Parent Stock Up 0.1 %

Shares of NASDAQ FYBR traded up $0.02 during mid-day trading on Friday, hitting $36.23. The company had a trading volume of 1,435,218 shares, compared to its average volume of 2,666,744. Frontier Communications Parent, Inc. has a 1-year low of $21.85 and a 1-year high of $39.21. The company has a market capitalization of $9.07 billion, a PE ratio of -28.09 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. The business's 50-day simple moving average is $35.87 and its 200 day simple moving average is $35.45.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.47 billion. On average, analysts predict that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP John Harrobin sold 36,000 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $36.01, for a total value of $1,296,360.00. Following the sale, the executive vice president now directly owns 76,523 shares in the company, valued at approximately $2,755,593.23. This trade represents a 31.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by insiders.

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.