Natixis Advisors LLC Has $670,000 Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Natixis Advisors LLC raised its holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 10.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,851 shares of the company’s stock after acquiring an additional 1,778 shares during the quarter. Natixis Advisors LLC’s holdings in Frontier Communications Parent were worth $670,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in shares of Frontier Communications Parent by 24.4% during the second quarter. Dimensional Fund Advisors LP now owns 8,088,749 shares of the company’s stock worth $211,758,000 after purchasing an additional 1,587,145 shares during the period. Luxor Capital Group LP increased its stake in shares of Frontier Communications Parent by 1.6% in the 2nd quarter. Luxor Capital Group LP now owns 2,796,332 shares of the company’s stock valued at $73,208,000 after acquiring an additional 43,542 shares during the last quarter. American Century Companies Inc. raised its position in shares of Frontier Communications Parent by 4.1% in the 2nd quarter. American Century Companies Inc. now owns 2,005,937 shares of the company’s stock valued at $52,515,000 after acquiring an additional 79,265 shares during the period. Bank of New York Mellon Corp boosted its stake in Frontier Communications Parent by 2.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,874,245 shares of the company’s stock worth $49,068,000 after acquiring an additional 51,133 shares during the last quarter. Finally, Aristeia Capital L.L.C. grew its holdings in Frontier Communications Parent by 1.9% during the second quarter. Aristeia Capital L.L.C. now owns 1,260,024 shares of the company’s stock valued at $32,987,000 after purchasing an additional 23,825 shares during the period.

Insider Transactions at Frontier Communications Parent

In other Frontier Communications Parent news, EVP John Harrobin sold 23,491 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $34.85, for a total value of $818,661.35. Following the completion of the sale, the executive vice president now owns 121,182 shares in the company, valued at $4,223,192.70. This trade represents a 16.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut shares of Frontier Communications Parent from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $35.00 to $38.50 in a research report on Tuesday, September 17th. Moffett Nathanson cut Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 5th. Raymond James lowered Frontier Communications Parent from a “strong-buy” rating to a “market perform” rating in a research report on Monday, October 28th. The Goldman Sachs Group boosted their price objective on Frontier Communications Parent from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, Citigroup downgraded shares of Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Frontier Communications Parent presently has a consensus rating of “Hold” and an average price target of $35.31.

Frontier Communications Parent Stock Down 0.2 %

Shares of FYBR stock opened at $34.78 on Thursday. The firm’s fifty day moving average price is $35.33 and its two-hundred day moving average price is $30.50. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.28. Frontier Communications Parent, Inc. has a 1 year low of $20.42 and a 1 year high of $39.21. The firm has a market capitalization of $8.66 billion, a P/E ratio of -46.39 and a beta of 1.10.

Frontier Communications Parent (NASDAQ:FYBR) last released its earnings results on Tuesday, November 5th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.11). Frontier Communications Parent had a negative net margin of 3.19% and a negative return on equity of 3.61%. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the firm posted $0.05 EPS. Frontier Communications Parent’s revenue was up 3.7% compared to the same quarter last year. On average, equities analysts predict that Frontier Communications Parent, Inc. will post -0.83 EPS for the current fiscal year.

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.