Frontier Communications Parent, Inc. (NASDAQ:FYBR) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 5.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 131,779 shares of the company's stock after selling 7,570 shares during the period. New York State Common Retirement Fund owned about 0.05% of Frontier Communications Parent worth $4,573,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Franklin Resources Inc. boosted its position in Frontier Communications Parent by 0.8% in the 3rd quarter. Franklin Resources Inc. now owns 45,059 shares of the company's stock worth $1,588,000 after purchasing an additional 372 shares in the last quarter. CIBC Asset Management Inc raised its stake 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 buying an additional 377 shares during the period. UMB Bank n.a. raised its stake in shares of 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 buying an additional 425 shares during the period. Jag Capital Management LLC raised its stake in shares of Frontier Communications Parent by 5.2% during the 3rd quarter. Jag Capital Management LLC now owns 9,010 shares of the company's stock worth $320,000 after buying an additional 445 shares during the period. Finally, Captrust Financial Advisors raised its stake in shares of Frontier Communications Parent by 6.5% during the 3rd quarter. Captrust Financial Advisors now owns 9,540 shares of the company's stock worth $339,000 after buying an additional 581 shares during the period.

Frontier Communications Parent Trading Down 0.0 %

Shares of NASDAQ FYBR traded down $0.02 during mid-day trading on Monday, reaching $35.98. 1,465,411 shares of the company's stock were exchanged, compared to its average volume of 2,427,069. The firm has a market capitalization of $8.98 billion, a price-to-earnings ratio of -27.89 and a beta of 1.05. 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, Inc. has a 52-week low of $21.31 and a 52-week high of $39.21. The company's 50-day moving average is $35.49 and its 200-day moving average is $34.69.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.47) earnings per share for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.28). The business had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.47 billion. Frontier Communications Parent had a negative return on equity of 6.25% and a negative net margin of 5.42%. Analysts expect that Frontier Communications Parent, Inc. will post -1.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on FYBR. Raymond James downgraded Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a research note on Thursday, February 6th. Benchmark reissued a "hold" rating on shares of Frontier Communications Parent in a research note on Tuesday, February 25th. Finally, New Street Research downgraded Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $35.31.

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.