Commonwealth of Pennsylvania Public School Empls Retrmt SYS Grows Stock Holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 169.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 198,946 shares of the company's stock after acquiring an additional 125,184 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.08% of Frontier Communications Parent worth $6,903,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund grew its holdings in shares of 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 worth $1,565,000 after acquiring an additional 344 shares during the period. Franklin Resources Inc. increased its position in shares of Frontier Communications Parent by 0.8% during 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 lifted its stake in shares of Frontier Communications Parent by 5.2% in 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. UMB Bank n.a. grew its position 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 buying an additional 425 shares during the period. Finally, Natixis Advisors LLC increased its holdings in Frontier Communications Parent by 2.5% during the fourth quarter. Natixis Advisors LLC now owns 19,324 shares of the company's stock valued at $671,000 after buying an additional 473 shares during the last quarter.

Remove Ads

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Frontier Communications Parent news, EVP John Harrobin sold 36,000 shares of the firm's stock in a transaction on 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 completion of the sale, the executive vice president now 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.40% of the company's stock.

Frontier Communications Parent Price Performance

Shares of Frontier Communications Parent stock traded up $0.08 during trading hours on Thursday, reaching $35.91. The stock had a trading volume of 4,419,076 shares, compared to its average volume of 2,532,910. Frontier Communications Parent, Inc. has a twelve month low of $21.31 and a twelve month high of $39.21. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.28. The firm has a market capitalization of $8.97 billion, a PE ratio of -27.84 and a beta of 1.04. The stock's 50 day moving average is $35.80 and its 200 day moving average is $35.40.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last posted 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 for the quarter, compared to analysts' expectations of $1.47 billion. Equities analysts expect 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.