Meeder Asset Management Inc. Increases Stock Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Meeder Asset Management Inc. increased its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 2,571.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,271 shares of the company's stock after purchasing an additional 37,801 shares during the quarter. Meeder Asset Management Inc.'s holdings in Frontier Communications Parent were worth $1,363,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund lifted its stake in shares of Frontier Communications Parent by 0.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 45,105 shares of the company's stock worth $1,565,000 after acquiring an additional 344 shares during the period. Franklin Resources Inc. boosted its position in Frontier Communications Parent by 0.8% during the third quarter. Franklin Resources Inc. now owns 45,059 shares of the company's stock worth $1,588,000 after acquiring an additional 372 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Frontier Communications Parent by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 7,567 shares of the company's stock worth $263,000 after acquiring an additional 377 shares during the period. UMB Bank n.a. boosted its holdings in Frontier Communications Parent by 68.0% in the fourth quarter. UMB Bank n.a. now owns 1,050 shares of the company's stock valued at $36,000 after acquiring an additional 425 shares during the last quarter. Finally, Natixis Advisors LLC raised its stake in shares of Frontier Communications Parent by 2.5% in the 4th quarter. Natixis Advisors LLC now owns 19,324 shares of the company's stock valued at $671,000 after acquiring an additional 473 shares during the period.

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Analyst Ratings Changes

FYBR has been the subject of several recent analyst reports. Benchmark restated a "hold" rating on shares of Frontier Communications Parent in a research note on Tuesday, February 25th. New Street Research cut Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 21st. Finally, Raymond James cut shares of Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Frontier Communications Parent has an average rating of "Hold" and a consensus target price of $35.31.

Frontier Communications Parent Price Performance

NASDAQ:FYBR traded down $0.11 on Thursday, reaching $35.95. The stock had a trading volume of 1,823,689 shares, compared to its average volume of 2,583,814. The company has a market capitalization of $8.98 billion, a P/E ratio of -27.86 and a beta of 1.04. Frontier Communications Parent, Inc. has a 1-year low of $21.31 and a 1-year high of $39.21. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.28. The stock has a fifty day moving average price of $35.83 and a 200-day moving average price of $35.40.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last released 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). Frontier Communications Parent had a negative net margin of 5.42% and a negative return on equity of 6.25%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.47 billion. Research analysts forecast that Frontier Communications Parent, Inc. will post -1.11 EPS for the current year.

Insider Activity at Frontier Communications Parent

In other news, EVP John Harrobin sold 36,000 shares of Frontier Communications Parent 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 sale, the executive vice president now owns 76,523 shares of the company's stock, valued at approximately $2,755,593.23. This trade represents a 31.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.40% of the company's stock.

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.