Olympiad Research LP Invests $999,000 in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Olympiad Research LP purchased a new position in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,777 shares of the company's stock, valued at approximately $999,000. Frontier Communications Parent accounts for 1.0% of Olympiad Research LP's holdings, making the stock its 21st biggest position.

Several other large investors also recently added to or reduced their stakes in FYBR. GSA Capital Partners LLP purchased a new position in Frontier Communications Parent during the third quarter valued at approximately $586,000. Anthracite Investment Company Inc. acquired a new stake in shares of Frontier Communications Parent during the third quarter worth about $1,743,000. Tokio Marine Asset Management Co. Ltd. acquired a new position in Frontier Communications Parent in the 4th quarter worth approximately $9,948,000. Charles Schwab Investment Management Inc. raised its position in Frontier Communications Parent by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,310,952 shares of the company's stock worth $82,108,000 after buying an additional 109,648 shares during the last quarter. Finally, FORA Capital LLC acquired a new stake in Frontier Communications Parent during the 3rd quarter valued at approximately $2,299,000.

Frontier Communications Parent Price Performance

NASDAQ FYBR traded up $0.07 during trading hours on Wednesday, reaching $35.93. The company's stock had a trading volume of 2,133,939 shares, compared to its average volume of 2,459,179. The firm has a market capitalization of $8.97 billion, a price-to-earnings ratio of -27.85 and a beta of 1.05. The company's 50-day moving average is $35.42 and its two-hundred day moving average is $34.52. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.77 and a quick ratio of 0.77. Frontier Communications Parent, Inc. has a 1-year low of $21.31 and a 1-year high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $1.51 billion during the quarter, compared to analysts' expectations 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 analysts predict that Frontier Communications Parent, Inc. will post -1.11 EPS for the current year.

Analyst Ratings Changes

FYBR has been the topic of a number of research reports. Raymond James lowered shares of 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 report on Tuesday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus 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.