American Century Companies Inc. Sells 8,563 Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR)

American Century Companies Inc. trimmed its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 0.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,703,810 shares of the company's stock after selling 8,563 shares during the period. American Century Companies Inc. owned approximately 0.68% of Frontier Communications Parent worth $59,122,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. UMB Bank n.a. increased its position 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 last quarter. Quarry LP bought a new position in shares of Frontier Communications Parent in the 3rd quarter worth $91,000. Blue Trust Inc. raised 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 buying an additional 1,581 shares in the last quarter. Impact Partnership Wealth LLC bought a new stake in shares of Frontier Communications Parent during the 4th quarter worth $228,000. Finally, Neo Ivy Capital Management purchased a new position in Frontier Communications Parent in the third quarter worth $240,000.

Insider Buying and Selling at Frontier Communications Parent

In related news, EVP John Harrobin sold 36,000 shares of the stock in a transaction dated 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 in the company, valued at $2,755,593.23. This trade represents a 31.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.40% of the company's stock.

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Frontier Communications Parent Stock Down 0.1 %

FYBR traded down $0.02 on Friday, hitting $35.89. The company had a trading volume of 1,854,023 shares, compared to its average volume of 2,575,704. The stock has a fifty day simple moving average of $35.82 and a 200-day simple moving average of $35.40. 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 firm has a market capitalization of $8.96 billion, a P/E ratio of -27.82 and a beta of 1.04. Frontier Communications Parent, Inc. has a 52-week low of $21.31 and a 52-week high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported ($0.47) EPS 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 during the quarter, compared to analysts' expectations of $1.47 billion. As a group, equities analysts expect that Frontier Communications Parent, Inc. will post -1.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FYBR. New Street Research lowered Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 21st. Raymond James downgraded shares of Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a research note on Thursday, February 6th. Finally, Benchmark reiterated a "hold" rating on shares of Frontier Communications Parent in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $35.31.

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.