KRYGER CAPITAL Ltd Takes $11.15 Million Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

KRYGER CAPITAL Ltd purchased a new stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 321,374 shares of the company's stock, valued at approximately $11,152,000. Frontier Communications Parent accounts for 2.9% of KRYGER CAPITAL Ltd's portfolio, making the stock its 8th largest holding. KRYGER CAPITAL Ltd owned approximately 0.13% of Frontier Communications Parent at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FYBR. UMB Bank n.a. boosted its position in Frontier Communications Parent by 68.0% during the 4th quarter. UMB Bank n.a. now owns 1,050 shares of the company's stock worth $36,000 after purchasing an additional 425 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Frontier Communications Parent by 37.9% during the fourth quarter. Russell Investments Group Ltd. now owns 5,091 shares of the company's stock worth $177,000 after purchasing an additional 1,399 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Frontier Communications Parent by 36.8% in 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 acquired a new stake in shares of Frontier Communications Parent in the fourth quarter valued at about $228,000. Finally, Vestcor Inc purchased a new stake in shares of Frontier Communications Parent during the 4th quarter valued at about $234,000.

Analyst Ratings Changes

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

Frontier Communications Parent Stock Up 0.0 %

NASDAQ FYBR traded up $0.01 on Wednesday, hitting $35.84. 509,217 shares of the stock traded hands, compared to its average volume of 2,976,345. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.28. The stock has a 50-day moving average of $35.82 and a 200 day moving average of $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 market capitalization of $8.97 billion, a P/E ratio of -27.78 and a beta of 1.01.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.28). The firm 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%. As a group, analysts expect that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current fiscal year.

Insider Transactions at Frontier Communications Parent

In related news, EVP John Harrobin sold 36,000 shares of the company's stock in a transaction on Monday, March 3rd. The stock was 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 directly owns 76,523 shares in the company, valued at $2,755,593.23. This represents a 31.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.40% of the company's stock.

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.