Slotnik Capital LLC Boosts Holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Slotnik Capital LLC raised its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 5.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,016,035 shares of the company's stock after buying an additional 51,035 shares during the period. Frontier Communications Parent comprises about 15.9% of Slotnik Capital LLC's investment portfolio, making the stock its biggest holding. Slotnik Capital LLC owned 0.41% of Frontier Communications Parent worth $35,256,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. boosted its holdings in Frontier Communications Parent by 68.0% during the fourth quarter. UMB Bank n.a. now owns 1,050 shares of the company's stock valued at $36,000 after purchasing an additional 425 shares in the last quarter. Quarry LP bought a new stake in Frontier Communications Parent during the 3rd quarter worth about $91,000. Blue Trust Inc. increased its position in Frontier Communications Parent by 36.8% in the 4th quarter. Blue Trust Inc. now owns 5,883 shares of the company's stock valued at $209,000 after acquiring an additional 1,581 shares in the last quarter. Impact Partnership Wealth LLC acquired a new position in shares of Frontier Communications Parent during the fourth quarter worth approximately $228,000. Finally, Vestcor Inc acquired a new position in Frontier Communications Parent during the 4th quarter worth $234,000.

Frontier Communications Parent Stock Performance

Shares of Frontier Communications Parent stock traded up $0.31 on Tuesday, reaching $35.82. 960,751 shares of the company traded hands, compared to its average volume of 2,621,418. 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 company has a 50 day moving average of $35.82 and a 200 day moving average of $35.40. Frontier Communications Parent, Inc. has a 52 week low of $21.31 and a 52 week high of $39.21. The firm has a market capitalization of $8.94 billion, a PE ratio of -27.76 and a beta of 1.01.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last issued its 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). 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%. Equities analysts forecast that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Frontier Communications Parent news, EVP John Harrobin sold 36,000 shares of the business's stock in a transaction 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 transaction, the executive vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by insiders.

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.