Proficio Capital Partners LLC purchased a new position in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 45,631 shares of the company's stock, valued at approximately $1,583,000.
A number of other institutional investors have also recently made changes to their positions in FYBR. Slotnik Capital LLC bought a new position in shares of Frontier Communications Parent in the 3rd quarter worth $34,286,000. Alberta Investment Management Corp purchased a new stake in shares of Frontier Communications Parent in the 4th quarter valued at $24,863,000. Sand Grove Capital Management LLP purchased a new stake in shares of Frontier Communications Parent in the 3rd quarter valued at $18,490,000. Anchorage Capital Advisors L.P. boosted its stake in shares of Frontier Communications Parent by 26.6% in the 3rd quarter. Anchorage Capital Advisors L.P. now owns 1,729,555 shares of the company's stock valued at $61,451,000 after purchasing an additional 362,888 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Frontier Communications Parent by 1,283.8% in the 4th quarter. SG Americas Securities LLC now owns 321,578 shares of the company's stock valued at $11,159,000 after purchasing an additional 298,339 shares in the last quarter.
Frontier Communications Parent Trading Up 0.1 %
FYBR traded up $0.05 during trading on Friday, hitting $36.05. 1,791,572 shares of the stock traded hands, compared to its average volume of 2,370,754. The firm has a market capitalization of $9.00 billion, a P/E ratio of -27.95 and a beta of 1.04. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a 50-day moving average of $35.62 and a 200 day moving average of $34.95. Frontier Communications Parent, Inc. has a 12-month low of $21.31 and a 12-month high of $39.21.
Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.28). Frontier Communications Parent had a negative return on equity of 6.25% and a negative net margin of 5.42%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.47 billion. Equities research analysts anticipate that Frontier Communications Parent, Inc. will post -1.11 EPS for the current year.
Insiders Place Their Bets
In other Frontier Communications Parent news, EVP John Harrobin sold 36,000 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $36.01, for a total value 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 approximately $2,755,593.23. This represents a 31.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.40% of the company's stock.
Analyst Upgrades and Downgrades
FYBR has been the subject of a number of research reports. Raymond James cut shares of Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a research note on Thursday, February 6th. New Street Research cut shares of Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 21st. Finally, Benchmark reaffirmed a "hold" rating on shares of Frontier Communications Parent in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $35.31.
View Our Latest Stock Report on Frontier Communications Parent
About Frontier Communications Parent
(
Free Report)
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.
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