Frontier Communications Parent, Inc. (NASDAQ:FYBR) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC reduced its stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 42.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,047 shares of the company’s stock after selling 768 shares during the period. Farther Finance Advisors LLC’s holdings in Frontier Communications Parent were worth $36,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Slotnik Capital LLC purchased a new stake in shares of Frontier Communications Parent during the third quarter worth approximately $34,286,000. Alpine Associates Management Inc. grew its holdings in Frontier Communications Parent by 275.9% during the 4th quarter. Alpine Associates Management Inc. now owns 1,042,630 shares of the company’s stock worth $36,179,000 after acquiring an additional 765,250 shares in the last quarter. Alberta Investment Management Corp purchased a new stake in shares of Frontier Communications Parent in the 4th quarter valued at approximately $24,863,000. Amundi raised its holdings in shares of Frontier Communications Parent by 1,363.0% in the 4th quarter. Amundi now owns 746,109 shares of the company’s stock valued at $26,345,000 after purchasing an additional 695,109 shares in the last quarter. Finally, Sand Grove Capital Management LLP purchased a new stake in shares of Frontier Communications Parent during the 3rd quarter worth $18,490,000.

Analyst Ratings Changes

FYBR has been the topic of a number of analyst reports. Benchmark restated a “hold” rating on shares of Frontier Communications Parent in a research note on Tuesday, February 25th. Raymond James lowered Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a research report on Thursday, February 6th. Finally, New Street Research downgraded Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $35.31.

Frontier Communications Parent Stock Down 0.4 %

FYBR stock opened at $35.79 on Monday. The company has a market cap of $8.94 billion, a price-to-earnings ratio of -27.74 and a beta of 1.04. The company has a fifty day moving average price of $35.78 and a 200 day moving average price of $35.39. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.77 and a quick ratio of 0.77. 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) last announced its 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). The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Frontier Communications Parent had a negative net margin of 5.42% and a negative return on equity of 6.25%. Sell-side analysts expect that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current year.

Insider Activity

In related news, EVP John Harrobin sold 36,000 shares of Frontier Communications Parent stock in a transaction 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 transaction, the executive vice president now directly owns 76,523 shares in the company, valued at $2,755,593.23. This trade represents a 31.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.40% of the company’s stock.

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.