Frontier Communications Parent, Inc. (NASDAQ:FYBR) Shares Acquired by XTX Topco Ltd

XTX Topco Ltd boosted its position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 46.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,558 shares of the company's stock after buying an additional 8,161 shares during the period. XTX Topco Ltd's holdings in Frontier Communications Parent were worth $887,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of FYBR. Mariner LLC raised its stake in Frontier Communications Parent by 0.8% during the 4th quarter. Mariner LLC now owns 37,731 shares of the company's stock valued at $1,309,000 after acquiring an additional 301 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Frontier Communications Parent by 0.8% during the 4th 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 in the last quarter. Franklin Resources Inc. grew its holdings in shares of Frontier Communications Parent by 0.8% in the 3rd quarter. Franklin Resources Inc. now owns 45,059 shares of the company's stock worth $1,588,000 after acquiring an additional 372 shares during the period. CIBC Asset Management Inc increased its stake in Frontier Communications Parent by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 7,567 shares of the company's stock valued at $263,000 after purchasing an additional 377 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings 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 worth $36,000 after purchasing an additional 425 shares during the last quarter.

Analyst Ratings Changes

Several analysts have weighed in on FYBR shares. Raymond James lowered Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a report on Thursday, February 6th. New Street Research cut shares of Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 21st. Finally, Benchmark reiterated a "hold" rating on shares of Frontier Communications Parent in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $36.07.

Insider Transactions at Frontier Communications Parent

In related news, EVP John Harrobin sold 36,000 shares of the company's stock in a transaction on Monday, March 3rd. The shares were 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 directly owns 76,523 shares of the company's stock, valued at approximately $2,755,593.23. This represents a 31.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.40% of the company's stock.

Frontier Communications Parent Trading Up 0.4 %

NASDAQ:FYBR traded up $0.16 during mid-day trading on Friday, reaching $36.11. The company's stock had a trading volume of 1,969,604 shares, compared to its average volume of 2,673,639. Frontier Communications Parent, Inc. has a twelve month low of $21.31 and a twelve month high of $39.21. The company's fifty day simple moving average is $35.84 and its two-hundred day simple moving average is $35.43. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a market cap of $9.04 billion, a P/E ratio of -27.99 and a beta of 1.01.

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