Frontier Communications Parent, Inc. (NASDAQ:FYBR) Position Lifted by GABELLI & Co INVESTMENT ADVISERS INC.

GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 944.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 529,100 shares of the company's stock after buying an additional 478,450 shares during the period. Frontier Communications Parent makes up about 3.2% of GABELLI & Co INVESTMENT ADVISERS INC.'s portfolio, making the stock its 4th largest position. GABELLI & Co INVESTMENT ADVISERS INC. owned approximately 0.21% of Frontier Communications Parent worth $18,360,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of brokerages have commented on FYBR. New Street Research cut Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 21st. Benchmark reaffirmed a "hold" rating on shares of Frontier Communications Parent in a report on Tuesday, February 25th. Finally, Raymond James downgraded shares of Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average 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 dated Monday, March 3rd. The stock was 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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.40% of the company's stock.

Frontier Communications Parent Stock Performance

Frontier Communications Parent stock traded up $0.16 during mid-day trading on Friday, hitting $36.11. The company had a trading volume of 1,969,604 shares, compared to its average volume of 2,673,639. The company has a market capitalization of $9.04 billion, a price-to-earnings ratio of -27.99 and a beta of 1.01. Frontier Communications Parent, Inc. has a 12-month low of $21.31 and a 12-month high of $39.21. The company's fifty day moving average is $35.84 and its 200-day moving average is $35.43. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.28.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last announced 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). Frontier Communications Parent had a negative return on equity of 6.25% and a negative net margin of 5.42%. The firm had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.47 billion. Equities research analysts predict that Frontier Communications Parent, Inc. will post -1.11 EPS for the current year.

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.