Frontier Communications Parent, Inc. (NASDAQ:FYBR) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,007,214 shares of the company's stock after purchasing an additional 7,446 shares during the quarter. Geode Capital Management LLC owned 1.61% of Frontier Communications Parent worth $139,142,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cerity Partners LLC bought a new position in shares of Frontier Communications Parent in the 3rd quarter valued at about $440,000. Captrust Financial Advisors lifted its stake in shares of Frontier Communications Parent by 6.5% in the 3rd quarter. Captrust Financial Advisors now owns 9,540 shares of the company's stock valued at $339,000 after purchasing an additional 581 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Frontier Communications Parent in the 3rd quarter valued at approximately $1,990,000. National Bank of Canada FI increased its position in shares of Frontier Communications Parent by 73.8% during the 3rd quarter. National Bank of Canada FI now owns 57,797 shares of the company's stock valued at $2,054,000 after purchasing an additional 24,542 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Frontier Communications Parent during the 3rd quarter valued at approximately $618,000.

Analyst Ratings Changes

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

Frontier Communications Parent Stock Down 0.2 %

Frontier Communications Parent stock traded down $0.06 during midday trading on Friday, hitting $35.88. 2,329,683 shares of the company's stock were exchanged, compared to its average volume of 2,661,544. Frontier Communications Parent, Inc. has a 12 month low of $21.31 and a 12 month high of $39.21. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market cap of $8.96 billion, a PE ratio of -27.81 and a beta of 1.01. The firm has a 50-day moving average of $35.82 and a two-hundred day moving average of $35.41.

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

Insider Activity at Frontier Communications Parent

In related news, EVP John Harrobin sold 36,000 shares of the business'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 transaction of $1,296,360.00. Following the completion of the transaction, the executive vice president now owns 76,523 shares in the company, valued at $2,755,593.23. The trade was a 31.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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.