Fuller & Thaler Asset Management Inc. Has $171,000 Stock Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Fuller & Thaler Asset Management Inc. lessened its stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 99.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,924 shares of the company's stock after selling 1,154,128 shares during the quarter. Fuller & Thaler Asset Management Inc.'s holdings in Frontier Communications Parent were worth $171,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FYBR. Price T Rowe Associates Inc. MD lifted its stake in Frontier Communications Parent by 13.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 173,877 shares of the company's stock valued at $6,034,000 after acquiring an additional 20,077 shares during the last quarter. Dark Forest Capital Management LP acquired a new stake in Frontier Communications Parent in the 4th quarter valued at about $309,000. Hsbc Holdings PLC grew its holdings in Frontier Communications Parent by 180.9% during the fourth quarter. Hsbc Holdings PLC now owns 372,567 shares of the company's stock worth $12,946,000 after purchasing an additional 239,954 shares during the period. ClearAlpha Technologies LP acquired a new position in Frontier Communications Parent during the fourth quarter worth approximately $2,099,000. Finally, Tower Research Capital LLC TRC raised its stake in Frontier Communications Parent by 150.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 15,082 shares of the company's stock valued at $523,000 after buying an additional 9,050 shares during the period.

Analyst Ratings Changes

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

Frontier Communications Parent Stock Performance

NASDAQ FYBR opened at $36.23 on Friday. Frontier Communications Parent, Inc. has a 12-month low of $22.80 and a 12-month high of $39.21. The firm has a 50-day moving average price of $35.88 and a two-hundred day moving average price of $35.45. The company has a market capitalization of $9.07 billion, a P/E ratio of -28.09 and a beta of 1.01. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.28.

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

Insider Transactions at Frontier Communications Parent

In related news, EVP John Harrobin sold 36,000 shares of the company's stock in a transaction dated 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 owns 76,523 shares of the company's stock, valued at $2,755,593.23. This represents a 31.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.40% of the stock is currently owned by 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.

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