Short Interest in Frontier Communications Parent, Inc. (NASDAQ:FYBR) Rises By 24.6%

Frontier Communications Parent, Inc. (NASDAQ:FYBR - Get Free Report) was the target of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 9,210,000 shares, an increase of 24.6% from the January 31st total of 7,390,000 shares. Currently, 4.4% of the shares of the stock are short sold. Based on an average daily volume of 2,510,000 shares, the days-to-cover ratio is currently 3.7 days.

Wall Street Analysts Forecast Growth

FYBR has been the topic of several research analyst reports. Raymond James downgraded shares of Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a report on Thursday, February 6th. 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. Finally, Benchmark reissued a "hold" rating on shares of Frontier Communications Parent in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $35.31.

Frontier Communications Parent Stock Up 0.1 %

Frontier Communications Parent stock traded up $0.05 during midday trading on Friday, hitting $36.05. 1,791,572 shares of the company's stock were exchanged, compared to its average volume of 2,370,754. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77. Frontier Communications Parent has a 12 month low of $21.31 and a 12 month high of $39.21. The firm has a 50-day moving average of $35.62 and a two-hundred day moving average of $34.95. The company has a market cap of $9.00 billion, a PE ratio of -27.95 and a beta of 1.04.

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

Insiders Place Their Bets

In other 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 value of $1,296,360.00. Following the transaction, the executive vice president now 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.40% of the company's stock.

Hedge Funds Weigh In On Frontier Communications Parent

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Frontier Communications Parent by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 24,277,017 shares of the company's stock worth $842,412,000 after buying an additional 303,545 shares during the last quarter. Norges Bank acquired a new stake in shares of Frontier Communications Parent during the 4th quarter worth approximately $191,247,000. Tudor Investment Corp ET AL acquired a new stake in Frontier Communications Parent in the 4th quarter valued at $114,555,000. Adage Capital Partners GP L.L.C. grew its stake in Frontier Communications Parent by 472.7% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 3,149,714 shares of the company's stock valued at $109,295,000 after acquiring an additional 2,599,714 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Frontier Communications Parent by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,323,203 shares of the company's stock valued at $80,615,000 after acquiring an additional 12,251 shares during the period.

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.