Highbridge Capital Management LLC Has $37.63 Million Stock Holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Highbridge Capital Management LLC lifted its holdings in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 375.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,084,546 shares of the company's stock after purchasing an additional 856,218 shares during the period. Frontier Communications Parent comprises approximately 1.5% of Highbridge Capital Management LLC's holdings, making the stock its 24th biggest holding. Highbridge Capital Management LLC owned 0.44% of Frontier Communications Parent worth $37,634,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Natixis Advisors LLC lifted its stake in shares of Frontier Communications Parent by 10.4% during the 3rd quarter. Natixis Advisors LLC now owns 18,851 shares of the company's stock worth $670,000 after purchasing an additional 1,778 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Frontier Communications Parent by 21.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,971 shares of the company's stock worth $674,000 after acquiring an additional 3,354 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Frontier Communications Parent by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,310,952 shares of the company's stock worth $82,108,000 after purchasing an additional 109,648 shares during the period. Citigroup Inc. boosted its holdings in shares of Frontier Communications Parent by 106.9% in the 3rd quarter. Citigroup Inc. now owns 239,893 shares of the company's stock valued at $8,523,000 after purchasing an additional 123,939 shares during the last quarter. Finally, Cerity Partners LLC acquired a new stake in shares of Frontier Communications Parent during the 3rd quarter worth $440,000.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Benchmark reiterated a "hold" rating on shares of Frontier Communications Parent in a report on Tuesday, February 25th. Raymond James downgraded 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 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 two have issued a buy rating to the company's stock. According to data from MarketBeat, Frontier Communications Parent currently has an average rating of "Hold" and an average target price of $35.31.

Insider Activity

In other news, EVP John Harrobin sold 36,000 shares of Frontier Communications Parent stock in a transaction that occurred 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 owns 76,523 shares of the company's stock, valued at $2,755,593.23. The trade was a 31.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.40% of the company's stock.

Frontier Communications Parent Stock Performance

Shares of NASDAQ:FYBR traded up $0.01 on Tuesday, hitting $35.87. The company's stock had a trading volume of 1,154,727 shares, compared to its average volume of 2,570,220. The company has a market capitalization of $8.96 billion, a price-to-earnings ratio of -27.80 and a beta of 1.04. The stock's 50-day moving average is $35.82 and its two-hundred day moving average is $35.40. 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.

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 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 net margin of 5.42% and a negative return on equity of 6.25%. On average, equities research analysts forecast that Frontier Communications Parent, Inc. will post -1.11 EPS for the current year.

Frontier Communications Parent Company 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.