Frontier Communications Parent, Inc. (NASDAQ:FYBR) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. boosted its holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 615.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 322,281 shares of the company's stock after buying an additional 277,222 shares during the period. Franklin Resources Inc. owned 0.13% of Frontier Communications Parent worth $11,183,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. lifted 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 buying an additional 425 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Frontier Communications Parent by 36.8% in the 4th quarter. Blue Trust Inc. now owns 5,883 shares of the company's stock worth $209,000 after purchasing an additional 1,581 shares during the period. Impact Partnership Wealth LLC bought a new position in Frontier Communications Parent during the fourth quarter valued at $228,000. Vestcor Inc bought a new stake in shares of Frontier Communications Parent in the 4th quarter worth about $234,000. Finally, Neo Ivy Capital Management purchased a new position in shares of Frontier Communications Parent during the 3rd quarter worth about $240,000.

Analyst Ratings Changes

Several analysts have issued reports on FYBR shares. New Street Research downgraded shares of Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 21st. Raymond James lowered Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a research note on Thursday, February 6th. Finally, Benchmark reiterated 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 issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $36.07.

Insider Buying and Selling at Frontier Communications Parent

In related news, EVP John Harrobin sold 36,000 shares of the stock in a transaction that occurred 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 completion of the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.40% of the stock is currently owned by company insiders.

Frontier Communications Parent Stock Up 0.0 %

FYBR stock traded up $0.02 during trading on Monday, reaching $35.90. 106,594 shares of the company traded hands, compared to its average volume of 2,658,505. The company has a market capitalization of $8.96 billion, a price-to-earnings ratio of -27.83 and a beta of 1.01. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77. The business has a 50 day simple moving average of $35.82 and a 200 day simple moving average of $35.41. Frontier Communications Parent, Inc. has a 12 month low of $21.31 and a 12 month high of $39.21.

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

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.