Handelsinvest Investeringsforvaltning Has $208,000 Stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Handelsinvest Investeringsforvaltning reduced its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 34.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,493 shares of the company’s stock after selling 4,409 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in Frontier Communications Parent were worth $208,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of FYBR. State of Michigan Retirement System grew its holdings in shares of Frontier Communications Parent by 2.3% during the first quarter. State of Michigan Retirement System now owns 54,300 shares of the company’s stock worth $1,330,000 after purchasing an additional 1,200 shares during the last quarter. Game Plan Financial Advisors LLC grew its holdings in shares of Frontier Communications Parent by 320.0% during the first quarter. Game Plan Financial Advisors LLC now owns 2,100 shares of the company’s stock worth $51,000 after purchasing an additional 1,600 shares during the last quarter. Wedmont Private Capital grew its holdings in shares of Frontier Communications Parent by 11.0% during the first quarter. Wedmont Private Capital now owns 9,435 shares of the company’s stock worth $227,000 after purchasing an additional 935 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Frontier Communications Parent by 100.9% during the first quarter. GAMMA Investing LLC now owns 2,523 shares of the company’s stock worth $62,000 after purchasing an additional 1,267 shares during the last quarter. Finally, NBC Securities Inc. grew its holdings in shares of Frontier Communications Parent by 26,121.9% during the first quarter. NBC Securities Inc. now owns 87,581 shares of the company’s stock worth $2,145,000 after purchasing an additional 87,247 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. TD Cowen decreased their price target on Frontier Communications Parent from $41.00 to $39.00 and set a “buy” rating on the stock in a report on Monday, May 6th. Bank of America assumed coverage on Frontier Communications Parent in a report on Tuesday, April 9th. They issued a “buy” rating and a $30.00 price target on the stock. Citigroup raised their price target on Frontier Communications Parent from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Finally, The Goldman Sachs Group assumed coverage on Frontier Communications Parent in a report on Monday. They issued a “buy” rating and a $29.00 price target on the stock. One analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $30.00.

Frontier Communications Parent Trading Up 0.2 %

NASDAQ FYBR opened at $26.12 on Thursday. The firm has a market cap of $6.49 billion, a P/E ratio of 237.45 and a beta of 1.08. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.07 and a quick ratio of 1.07. The stock’s 50-day moving average is $25.57 and its 200-day moving average is $24.33. Frontier Communications Parent, Inc. has a one year low of $11.65 and a one year high of $27.41.

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.