Frontier Communications Parent, Inc. (NASDAQ:FYBR) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 26.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 106,775 shares of the company's stock after selling 37,449 shares during the period. Amalgamated Bank's holdings in Frontier Communications Parent were worth $3,794,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. International Assets Investment Management LLC purchased a new position in shares of Frontier Communications Parent in the second quarter worth $37,000. Blue Trust Inc. lifted its stake in Frontier Communications Parent by 224,400.0% in the 2nd quarter. Blue Trust Inc. now owns 2,245 shares of the company's stock worth $55,000 after purchasing an additional 2,244 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings 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 purchasing an additional 811 shares during the last quarter. Game Plan Financial Advisors LLC grew its position in shares of Frontier Communications Parent by 23.8% during the second quarter. Game Plan Financial Advisors LLC now owns 2,600 shares of the company's stock valued at $68,000 after purchasing an additional 500 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Frontier Communications Parent by 18.9% in the third quarter. GAMMA Investing LLC now owns 2,799 shares of the company's stock worth $99,000 after purchasing an additional 444 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have recently weighed in on FYBR shares. Citigroup downgraded shares of Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a report on Friday, October 11th. Wolfe Research cut Frontier Communications Parent from an "outperform" rating to a "peer perform" rating in a report on Monday, September 30th. JPMorgan Chase & Co. downgraded shares of Frontier Communications Parent from an "overweight" rating to a "neutral" rating and boosted their target price for the stock from $35.00 to $38.50 in a report on Tuesday, September 17th. Raymond James downgraded Frontier Communications Parent from a "strong-buy" rating to a "market perform" rating in a research note on Monday, October 28th. Finally, Moffett Nathanson downgraded shares of Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 5th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $35.31.

Frontier Communications Parent Trading Down 0.9 %

Shares of FYBR stock traded down $0.33 on Friday, reaching $34.50. 3,812,393 shares of the company were exchanged, compared to its average volume of 3,144,000. Frontier Communications Parent, Inc. has a 1 year low of $18.43 and a 1 year high of $39.21. The business has a 50-day moving average price of $35.34 and a 200 day moving average price of $29.55. The company has a quick ratio of 0.87, a current ratio of 0.77 and a debt-to-equity ratio of 2.28.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last released its earnings results on Tuesday, November 5th. The company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.11). Frontier Communications Parent had a negative net margin of 3.19% and a negative return on equity of 3.61%. The firm had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.46 billion. During the same quarter last year, the business earned $0.05 EPS. The business's revenue was up 3.7% compared to the same quarter last year. On average, research analysts forecast that Frontier Communications Parent, Inc. will post -0.79 EPS for the current fiscal year.

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.