Friedenthal Financial Buys New Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Friedenthal Financial bought a new position in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 21,269 shares of the company's stock, valued at approximately $756,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Capstone Investment Advisors LLC bought a new position in Frontier Communications Parent in the 1st quarter worth approximately $1,817,000. GSA Capital Partners LLP bought a new stake in shares of Frontier Communications Parent during the 1st quarter valued at $1,449,000. Redwood Investment Management LLC bought a new stake in shares of Frontier Communications Parent during the 1st quarter valued at $641,000. Quantbot Technologies LP bought a new stake in shares of Frontier Communications Parent during the 1st quarter valued at $582,000. Finally, Luxor Capital Group LP raised its position in shares of Frontier Communications Parent by 1.6% during the 2nd quarter. Luxor Capital Group LP now owns 2,796,332 shares of the company's stock valued at $73,208,000 after acquiring an additional 43,542 shares during the last quarter.

Frontier Communications Parent Price Performance

NASDAQ FYBR traded down $0.15 on Friday, hitting $35.70. The stock had a trading volume of 2,268,568 shares, compared to its average volume of 2,072,721. Frontier Communications Parent, Inc. has a 52-week low of $16.29 and a 52-week high of $39.21. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $8.87 billion, a price-to-earnings ratio of 324.55 and a beta of 1.10. The firm has a 50-day moving average of $33.22 and a 200-day moving average of $28.30.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last released its earnings results on Friday, August 2nd. The company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.38). The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.46 billion. Frontier Communications Parent had a negative net margin of 1.62% and a negative return on equity of 1.80%. Frontier Communications Parent's revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.01) EPS. Equities analysts expect that Frontier Communications Parent, Inc. will post -0.79 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on FYBR shares. The Goldman Sachs Group upped their price objective on shares of Frontier Communications Parent from $29.00 to $32.00 and gave the company a "buy" rating in a research report on Monday, August 5th. JPMorgan Chase & Co. downgraded shares of Frontier Communications Parent from an "overweight" rating to a "neutral" rating and increased their price objective for the stock from $35.00 to $38.50 in a research note on Tuesday, September 17th. Wolfe Research downgraded shares of Frontier Communications Parent from an "outperform" rating to a "peer perform" rating in a research note on Monday, September 30th. UBS Group cut shares of Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a report on Friday, September 6th. Finally, BNP Paribas raised shares of Frontier Communications Parent to a "hold" rating in a report on Monday, October 14th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $35.31.

About Frontier Communications Parent

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.