TCW Group Inc. Sells 40,000 Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR)

TCW Group Inc. cut its holdings in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 7.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 463,695 shares of the company's stock after selling 40,000 shares during the period. TCW Group Inc. owned about 0.19% of Frontier Communications Parent worth $16,090,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its stake in shares of Frontier Communications Parent by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,310,952 shares of the company's stock worth $82,108,000 after acquiring an additional 109,648 shares during the last quarter. Anchorage Capital Advisors L.P. increased its holdings in shares of Frontier Communications Parent by 26.6% in the third 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. Slotnik Capital LLC bought a new position in Frontier Communications Parent in the 3rd quarter worth approximately $34,286,000. Alberta Investment Management Corp acquired a new position in Frontier Communications Parent during the 4th quarter worth $24,863,000. Finally, Rhumbline Advisers lifted its holdings in Frontier Communications Parent by 1.0% during the 4th quarter. Rhumbline Advisers now owns 629,712 shares of the company's stock worth $21,851,000 after buying an additional 6,328 shares in the last quarter.

Frontier Communications Parent Trading Up 0.2 %

NASDAQ FYBR traded up $0.07 on Wednesday, reaching $35.93. The company had a trading volume of 2,133,939 shares, compared to its average volume of 2,459,179. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.28. Frontier Communications Parent, Inc. has a 52 week low of $21.31 and a 52 week high of $39.21. The stock has a market cap of $8.97 billion, a price-to-earnings ratio of -27.85 and a beta of 1.05. The stock's 50 day moving average is $35.42 and its 200-day moving average is $34.52.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Benchmark reissued a "hold" rating on shares of Frontier Communications Parent in a research note on Tuesday. Raymond James lowered Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock 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.