Grantham Mayo Van Otterloo & Co. LLC Acquires Shares of 593,982 Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Grantham Mayo Van Otterloo & Co. LLC acquired a new position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 593,982 shares of the company's stock, valued at approximately $20,611,000. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.24% of Frontier Communications Parent as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. Cerity Partners LLC acquired a new position in Frontier Communications Parent during the 3rd quarter worth approximately $440,000. Captrust Financial Advisors grew its stake in shares of Frontier Communications Parent by 6.5% during the third quarter. Captrust Financial Advisors now owns 9,540 shares of the company's stock worth $339,000 after purchasing an additional 581 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Frontier Communications Parent in the third quarter valued at $1,990,000. Quarry LP acquired a new stake in Frontier Communications Parent in the third quarter valued at $91,000. Finally, National Bank of Canada FI lifted its holdings in 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 worth $2,054,000 after buying an additional 24,542 shares during the last quarter.

Insider Transactions at Frontier Communications Parent

In related news, EVP John Harrobin sold 36,000 shares of Frontier Communications Parent stock in a transaction 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 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.40% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FYBR. New Street Research downgraded Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a 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 cut shares of Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Frontier Communications Parent currently has a consensus rating of "Hold" and a consensus price target of $36.07.

Frontier Communications Parent Stock Performance

NASDAQ FYBR traded down $0.09 during trading on Friday, reaching $35.86. The company's stock had a trading volume of 932,547 shares, compared to its average volume of 2,649,485. The business's fifty day moving average price is $35.82 and its 200-day moving average price is $35.41. Frontier Communications Parent, Inc. has a twelve month low of $21.31 and a twelve 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 firm has a market cap of $8.95 billion, a price-to-earnings ratio of -27.79 and a beta of 1.01.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.47) EPS for the quarter, missing the consensus estimate 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 company had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.47 billion. As a group, analysts anticipate that Frontier Communications Parent, Inc. will post -1.11 EPS for the current fiscal year.

Frontier Communications Parent Profile

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.