Mutual of America Capital Management LLC Has $3.35 Million Stock Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Mutual of America Capital Management LLC cut its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 2.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 128,077 shares of the company’s stock after selling 3,736 shares during the period. Mutual of America Capital Management LLC owned 0.05% of Frontier Communications Parent worth $3,353,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in Frontier Communications Parent during the 4th quarter worth approximately $50,269,000. Coldstream Capital Management Inc. bought a new stake in shares of Frontier Communications Parent in the fourth quarter valued at about $224,000. Cape Investment Advisory Inc. acquired a new position in shares of Frontier Communications Parent in the fourth quarter valued at about $52,000. United Services Automobile Association increased its position in Frontier Communications Parent by 14.3% during the fourth quarter. United Services Automobile Association now owns 17,563 shares of the company’s stock worth $445,000 after acquiring an additional 2,201 shares during the period. Finally, Treasurer of the State of North Carolina raised its stake in Frontier Communications Parent by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 108,579 shares of the company’s stock worth $2,751,000 after purchasing an additional 1,060 shares in the last quarter.

Frontier Communications Parent Trading Up 0.2 %

Shares of NASDAQ FYBR opened at $35.73 on Tuesday. The stock has a market cap of $8.88 billion, a P/E ratio of 324.82 and a beta of 1.08. The firm has a 50 day moving average price of $30.25 and a two-hundred day moving average price of $26.80. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.87 and a current ratio of 0.87. Frontier Communications Parent, Inc. has a 52-week low of $13.66 and a 52-week high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR) last issued its quarterly earnings results on Friday, August 2nd. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.38). The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.46 billion. Frontier Communications Parent had a negative net margin of 1.62% and a negative return on equity of 1.80%. Frontier Communications Parent’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.01) earnings per share. As a group, equities analysts forecast that Frontier Communications Parent, Inc. will post -0.79 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on FYBR shares. Citigroup raised their target price on shares of Frontier Communications Parent from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. JPMorgan Chase & Co. cut Frontier Communications Parent from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $35.00 to $38.50 in a report on Tuesday, September 17th. Benchmark restated a “buy” rating and issued a $37.00 price target on shares of Frontier Communications Parent in a research report on Thursday, September 5th. The Goldman Sachs Group upped their price objective on shares of Frontier Communications Parent from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Finally, UBS Group lowered shares of Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Friday, September 6th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Frontier Communications Parent has an average rating of “Moderate Buy” and a consensus target price of $35.38.

Frontier Communications Parent 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.