Guggenheim Capital LLC Increases Stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Guggenheim Capital LLC lifted its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 60.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,858 shares of the company's stock after buying an additional 9,703 shares during the period. Guggenheim Capital LLC's holdings in Frontier Communications Parent were worth $897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. UMB Bank n.a. grew its stake in shares of Frontier Communications Parent by 68.0% during the 4th 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 during the period. Russell Investments Group Ltd. raised its position in Frontier Communications Parent by 37.9% in the fourth quarter. Russell Investments Group Ltd. now owns 5,091 shares of the company's stock worth $177,000 after acquiring an additional 1,399 shares during the period. Blue Trust Inc. grew its position in shares of Frontier Communications Parent by 36.8% during 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 during the period. Impact Partnership Wealth LLC purchased a new stake in shares of Frontier Communications Parent in the 4th quarter worth $228,000. Finally, Vestcor Inc bought a new position in Frontier Communications Parent in the 4th quarter worth $234,000.

Insider Transactions at Frontier Communications Parent

In other Frontier Communications Parent news, EVP John Harrobin sold 36,000 shares of Frontier Communications Parent 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 completion of the transaction, the executive vice president now directly owns 76,523 shares of the company's stock, valued at $2,755,593.23. This trade represents a 31.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.40% of the company's stock.

Frontier Communications Parent Price Performance

Shares of FYBR stock traded up $0.02 during mid-day trading on Friday, hitting $36.23. The company had a trading volume of 1,435,218 shares, compared to its average volume of 2,679,561. The company has a market capitalization of $9.07 billion, a P/E ratio of -28.09 and a beta of 1.01. The stock's 50 day moving average price is $35.88 and its 200-day moving average price is $35.45. Frontier Communications Parent, Inc. has a 52-week low of $22.80 and a 52-week high of $39.21. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.77 and a quick ratio of 0.77.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($0.47) earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.47 billion. Equities research analysts forecast that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

FYBR has been the subject of a number of analyst reports. Raymond James cut Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a research 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 report 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 equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $36.07.

Frontier Communications Parent 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.