Frontier Communications Parent, Inc. (NASDAQ:FYBR) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lessened its holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 14.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,600 shares of the company's stock after selling 8,300 shares during the period. Handelsbanken Fonder AB's holdings in Frontier Communications Parent were worth $1,686,000 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 FYBR. UMB Bank n.a. boosted its holdings in Frontier Communications Parent by 68.0% in the 4th quarter. UMB Bank n.a. now owns 1,050 shares of the company's stock worth $36,000 after buying an additional 425 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Frontier Communications Parent during the 3rd quarter valued at approximately $50,000. Meeder Asset Management Inc. purchased a new stake in shares of Frontier Communications Parent during the 3rd quarter valued at approximately $52,000. Farther Finance Advisors LLC raised its position in shares of Frontier Communications Parent by 80.8% during the 3rd 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 period. Finally, Quarry LP purchased a new stake in shares of Frontier Communications Parent during the 3rd quarter valued at approximately $91,000.

Frontier Communications Parent Stock Up 0.6 %

Shares of FYBR stock traded up $0.23 on Friday, reaching $35.99. 2,317,971 shares of the stock were exchanged, compared to its average volume of 2,457,855. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.28. Frontier Communications Parent, Inc. has a twelve month low of $21.31 and a twelve month high of $39.21. The company has a market capitalization of $8.99 billion, a price-to-earnings ratio of -27.90 and a beta of 1.05. The business's 50 day moving average price is $35.49 and its 200 day moving average price is $34.60.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last released 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). 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. As a group, sell-side analysts expect that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.