SG Americas Securities LLC Purchases 298,339 Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR)

SG Americas Securities LLC increased its holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 1,283.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 321,578 shares of the company's stock after purchasing an additional 298,339 shares during the quarter. SG Americas Securities LLC owned approximately 0.13% of Frontier Communications Parent worth $11,159,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FYBR. GSA Capital Partners LLP bought a new stake in shares of Frontier Communications Parent in the 3rd quarter valued at $586,000. Anthracite Investment Company Inc. acquired a new position in shares of Frontier Communications Parent in the 3rd quarter valued at about $1,743,000. Charles Schwab Investment Management Inc. grew its stake in Frontier Communications Parent by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,310,952 shares of the company's stock worth $82,108,000 after purchasing an additional 109,648 shares during the period. FORA Capital LLC bought a new stake in Frontier Communications Parent in the third quarter worth approximately $2,299,000. Finally, Citigroup Inc. lifted its stake in Frontier Communications Parent by 106.9% in the third quarter. Citigroup Inc. now owns 239,893 shares of the company's stock valued at $8,523,000 after buying an additional 123,939 shares during the period.

Frontier Communications Parent Stock Performance

NASDAQ:FYBR traded up $0.06 during trading on Friday, reaching $35.85. The company's stock had a trading volume of 1,184,217 shares, compared to its average volume of 2,812,591. The firm has a market cap of $8.93 billion, a price-to-earnings ratio of -47.79 and a beta of 1.05. Frontier Communications Parent, Inc. has a 12 month low of $20.51 and a 12 month high of $39.21. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a 50 day moving average of $34.94 and a 200-day moving average of $33.08.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.11). The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.46 billion. Frontier Communications Parent had a negative net margin of 3.19% and a negative return on equity of 3.61%. The business's revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 EPS. Research analysts expect that Frontier Communications Parent, Inc. will post -0.92 EPS for the current fiscal year.

Insider Activity

In related news, EVP John Harrobin sold 23,491 shares of Frontier Communications Parent stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $34.85, for a total value of $818,661.35. Following the transaction, the executive vice president now owns 121,182 shares in the company, valued at $4,223,192.70. This trade represents a 16.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.40% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on FYBR shares. Citigroup lowered shares of Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 11th. Raymond James lowered Frontier Communications Parent from a "strong-buy" rating to a "market perform" rating in a research report on Monday, October 28th. BNP Paribas upgraded Frontier Communications Parent to a "hold" rating in a report on Monday, October 14th. Wolfe Research downgraded Frontier Communications Parent from an "outperform" rating to a "peer perform" rating in a report on Monday, September 30th. Finally, Benchmark downgraded shares of Frontier Communications Parent from a "buy" rating to a "hold" rating in a research report on Friday, December 6th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Frontier Communications Parent currently has a consensus rating of "Hold" and an average target price of $35.31.

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.