Frontier Communications Parent, Inc. (NASDAQ:FYBR) Position Trimmed by Invesco Ltd.

Invesco Ltd. trimmed its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 10.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 658,431 shares of the company's stock after selling 74,413 shares during the quarter. Invesco Ltd. owned 0.26% of Frontier Communications Parent worth $22,848,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. UMB Bank n.a. raised its stake in Frontier Communications Parent by 68.0% during the 4th quarter. UMB Bank n.a. now owns 1,050 shares of the company's stock worth $36,000 after acquiring an additional 425 shares in the last quarter. Russell Investments Group Ltd. raised its position in Frontier Communications Parent by 37.9% in the 4th quarter. Russell Investments Group Ltd. now owns 5,091 shares of the company's stock valued at $177,000 after purchasing an additional 1,399 shares during the last quarter. Blue Trust Inc. boosted its stake in Frontier Communications Parent by 36.8% during the 4th quarter. Blue Trust Inc. now owns 5,883 shares of the company's stock worth $209,000 after purchasing an additional 1,581 shares during the period. Impact Partnership Wealth LLC purchased a new position in Frontier Communications Parent during the 4th quarter worth $228,000. Finally, Vestcor Inc acquired a new position in Frontier Communications Parent in the fourth quarter valued at $234,000.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on FYBR. New Street Research lowered Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a report on Friday, February 21st. Raymond James cut 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 investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $36.07.

Frontier Communications Parent Stock Performance

Shares of FYBR traded up $0.04 during mid-day trading on Thursday, hitting $36.19. The stock had a trading volume of 259,299 shares, compared to its average volume of 2,661,008. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.28. The company has a market cap of $9.05 billion, a PE ratio of -28.05 and a beta of 1.01. Frontier Communications Parent, Inc. has a fifty-two week low of $21.85 and a fifty-two week high of $39.21. The company's fifty day simple moving average is $35.86 and its two-hundred day simple moving average is $35.44.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last announced 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 business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.47 billion. On average, equities analysts expect that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current year.

Insiders Place Their Bets

In other Frontier Communications Parent news, EVP John Harrobin sold 36,000 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president now owns 76,523 shares in the company, valued at approximately $2,755,593.23. This trade represents a 31.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by corporate insiders.

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.