Dimensional Fund Advisors LP Has $289.72 Million Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Dimensional Fund Advisors LP reduced its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 7.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,349,347 shares of the company's stock after selling 711,630 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.35% of Frontier Communications Parent worth $289,722,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GABELLI & Co INVESTMENT ADVISERS INC. boosted its stake in shares of Frontier Communications Parent by 944.6% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 529,100 shares of the company's stock valued at $18,360,000 after buying an additional 478,450 shares during the period. Gamco Investors INC. ET AL purchased a new stake in shares of Frontier Communications Parent during the fourth quarter worth $1,811,000. Gabelli Funds LLC boosted its position in Frontier Communications Parent by 325.8% during the fourth quarter. Gabelli Funds LLC now owns 569,230 shares of the company's stock valued at $19,752,000 after purchasing an additional 435,530 shares during the last quarter. Guggenheim Capital LLC grew its stake in Frontier Communications Parent by 60.1% in the fourth quarter. Guggenheim Capital LLC now owns 25,858 shares of the company's stock valued at $897,000 after purchasing an additional 9,703 shares in the last quarter. Finally, XTX Topco Ltd increased its position in Frontier Communications Parent by 46.9% in the 4th quarter. XTX Topco Ltd now owns 25,558 shares of the company's stock worth $887,000 after purchasing an additional 8,161 shares during the last quarter.

Insider Transactions at Frontier Communications Parent

In related news, EVP John Harrobin sold 36,000 shares of Frontier Communications Parent stock in a transaction dated Monday, March 3rd. The stock was 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 directly owns 76,523 shares of the company's stock, valued at $2,755,593.23. This trade represents a 31.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on FYBR. Benchmark reissued a "hold" rating on shares of Frontier Communications Parent in a research note on Tuesday, February 25th. New Street Research downgraded shares of Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 21st. 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 issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $36.07.

Frontier Communications Parent Stock Performance

FYBR stock traded up $0.02 during mid-day trading on Friday, reaching $36.23. 1,435,218 shares of the stock traded hands, compared to its average volume of 2,672,418. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.28. The business has a 50-day moving average of $35.88 and a two-hundred day moving average of $35.45. The firm has a market capitalization of $9.07 billion, a PE ratio of -28.09 and a beta of 1.01. Frontier Communications Parent, Inc. has a 52 week low of $22.25 and a 52 week high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported ($0.47) earnings per share 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 the consensus estimate of $1.47 billion. Frontier Communications Parent had a negative net margin of 5.42% and a negative return on equity of 6.25%. As a group, equities analysts predict that Frontier Communications Parent, Inc. will post -1.11 EPS for the current fiscal year.

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.