Reaves W H & Co. Inc. Lowers Stock Holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Reaves W H & Co. Inc. lowered its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 9.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 708,528 shares of the company's stock after selling 74,844 shares during the period. Reaves W H & Co. Inc. owned 0.28% of Frontier Communications Parent worth $24,586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund boosted its stake in Frontier Communications Parent by 0.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 45,105 shares of the company's stock valued at $1,565,000 after buying an additional 344 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Frontier Communications Parent by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 45,059 shares of the company's stock worth $1,588,000 after acquiring an additional 372 shares in the last quarter. CIBC Asset Management Inc boosted its position 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 valued at $263,000 after acquiring an additional 377 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of 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 purchasing an additional 425 shares in the last quarter. Finally, Jag Capital Management LLC increased its position in Frontier Communications Parent by 5.2% in the third quarter. Jag Capital Management LLC now owns 9,010 shares of the company's stock worth $320,000 after purchasing an additional 445 shares during the last quarter.

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Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Frontier Communications Parent

In other news, EVP John Harrobin sold 36,000 shares of the firm's stock in a transaction dated 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 sale, the executive vice president now directly owns 76,523 shares in the company, valued at approximately $2,755,593.23. This trade represents a 31.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Frontier Communications Parent Trading Up 0.1 %

NASDAQ FYBR traded up $0.05 during trading on Friday, hitting $36.05. The stock had a trading volume of 1,791,572 shares, compared to its average volume of 2,364,590. Frontier Communications Parent, Inc. has a one year low of $21.31 and a one year high of $39.21. The stock has a 50 day simple moving average of $35.59 and a 200 day simple moving average of $34.82. The stock has a market capitalization of $9.00 billion, a price-to-earnings ratio of -27.95 and a beta of 1.04. 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 (NASDAQ:FYBR - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.47) earnings per share (EPS) 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 the consensus estimate of $1.47 billion. Frontier Communications Parent had a negative return on equity of 6.25% and a negative net margin of 5.42%. Sell-side analysts predict that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current year.

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.