WINTON GROUP Ltd Decreases Stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

WINTON GROUP Ltd lowered its holdings in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 278,034 shares of the company's stock after selling 9,954 shares during the period. Frontier Communications Parent comprises 0.6% of WINTON GROUP Ltd's portfolio, making the stock its 25th largest holding. WINTON GROUP Ltd owned approximately 0.11% of Frontier Communications Parent worth $9,648,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mint Tower Capital Management B.V. acquired a new position in shares of Frontier Communications Parent during the 4th quarter worth approximately $1,772,000. Vanguard Group Inc. raised its holdings in shares of Frontier Communications Parent by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 24,277,017 shares of the company's stock worth $842,412,000 after acquiring an additional 303,545 shares during the last quarter. LPL Financial LLC lifted its position in shares of Frontier Communications Parent by 17.9% in the fourth quarter. LPL Financial LLC now owns 7,027 shares of the company's stock valued at $244,000 after acquiring an additional 1,066 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Frontier Communications Parent during the fourth quarter valued at $1,426,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Frontier Communications Parent by 169.7% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 198,946 shares of the company's stock valued at $6,903,000 after acquiring an additional 125,184 shares during the last quarter.

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Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Benchmark restated a "hold" rating on shares of Frontier Communications Parent in a report on Tuesday, February 25th. New Street Research downgraded shares of Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 21st. Finally, 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. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $35.31.

Frontier Communications Parent Trading Up 0.1 %

Shares of FYBR stock traded up $0.04 during mid-day trading on Monday, reaching $35.93. The company's stock had a trading volume of 593,023 shares, compared to its average volume of 2,568,010. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.28. The firm has a market capitalization of $8.97 billion, a PE ratio of -27.85 and a beta of 1.04. The company's 50 day simple moving average is $35.82 and its 200-day simple moving average is $35.40. 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 released 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 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 analysts' expectations of $1.47 billion. On average, research analysts predict that Frontier Communications Parent, Inc. will post -1.11 EPS for the current fiscal year.

Insider Activity at Frontier Communications Parent

In other Frontier Communications Parent news, EVP John Harrobin sold 36,000 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 76,523 shares of the company's stock, valued at $2,755,593.23. This trade represents a 31.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.40% of the company's stock.

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.