Harbor Advisors LLC Takes $533,000 Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Harbor Advisors LLC acquired a new position in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 15,000 shares of the company's stock, valued at approximately $533,000.

Several other hedge funds and other institutional investors have also bought and sold shares of FYBR. International Assets Investment Management LLC acquired a new position in shares of Frontier Communications Parent in the 2nd quarter worth approximately $37,000. Capital Performance Advisors LLP acquired a new position in shares of Frontier Communications Parent during the 3rd quarter valued at $50,000. Meeder Asset Management Inc. bought a new stake in Frontier Communications Parent during the 3rd quarter valued at $52,000. Farther Finance Advisors LLC increased its stake in Frontier Communications Parent by 80.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,815 shares of the company's stock valued at $64,000 after purchasing an additional 811 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in Frontier Communications Parent by 224,400.0% during the 2nd quarter. Blue Trust Inc. now owns 2,245 shares of the company's stock valued at $55,000 after purchasing an additional 2,244 shares in the last quarter.

Frontier Communications Parent Trading Down 0.7 %

Shares of FYBR stock traded down $0.25 during mid-day trading on Tuesday, hitting $34.47. The company had a trading volume of 4,416,864 shares, compared to its average volume of 2,251,480. Frontier Communications Parent, Inc. has a 52-week low of $20.51 and a 52-week high of $39.21. The stock's 50 day moving average price is $35.27 and its 200-day moving average price is $30.74. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.77 and a quick ratio of 0.77.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.11). Frontier Communications Parent had a negative net margin of 3.19% and a negative return on equity of 3.61%. The business had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.46 billion. During the same period in the previous year, the company earned $0.05 EPS. Frontier Communications Parent's revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities research analysts anticipate that Frontier Communications Parent, Inc. will post -0.83 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FYBR. JPMorgan Chase & Co. lowered shares of Frontier Communications Parent from an "overweight" rating to a "neutral" rating and upped their target price for the stock from $35.00 to $38.50 in a research note on Tuesday, September 17th. The Goldman Sachs Group upped their target price on shares of Frontier Communications Parent from $29.00 to $32.00 and gave the stock a "buy" rating in a research note on Monday, August 5th. UBS Group lowered shares of Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 6th. Wells Fargo & Company restated an "equal weight" rating and set a $38.50 price target (up previously from $31.00) on shares of Frontier Communications Parent in a research report on Friday, September 6th. Finally, Citigroup lowered shares of Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 11th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $35.31.

Insider Activity at Frontier Communications Parent

In other Frontier Communications Parent news, EVP John Harrobin sold 23,491 shares of the business's stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $34.85, for a total value of $818,661.35. Following the completion of the sale, the executive vice president now owns 121,182 shares in the company, valued at approximately $4,223,192.70. The trade was a 16.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by insiders.

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.