Creative Planning Boosts Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Creative Planning grew its holdings in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 23.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,842 shares of the company’s stock after buying an additional 2,247 shares during the period. Creative Planning’s holdings in Frontier Communications Parent were worth $310,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in FYBR. Dimensional Fund Advisors LP increased 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 valued at $211,758,000 after buying an additional 1,587,145 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of Frontier Communications Parent by 12.0% during the first quarter. Canada Pension Plan Investment Board now owns 13,683,965 shares of the company’s stock valued at $335,257,000 after purchasing an additional 1,462,646 shares in the last quarter. Reaves W H & Co. Inc. bought a new stake in shares of Frontier Communications Parent during the first quarter valued at approximately $20,200,000. Columbus Hill Capital Management L.P. boosted its position in shares of Frontier Communications Parent by 345.7% during the second quarter. Columbus Hill Capital Management L.P. now owns 445,744 shares of the company’s stock valued at $11,670,000 after purchasing an additional 345,744 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of Frontier Communications Parent by 49.5% during the second quarter. Marshall Wace LLP now owns 420,227 shares of the company’s stock valued at $11,002,000 after purchasing an additional 139,215 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts have commented on FYBR shares. BNP Paribas raised Frontier Communications Parent to a “hold” rating in a report on Monday. Citigroup downgraded Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. The Goldman Sachs Group upped their price target on Frontier Communications Parent from $29.00 to $32.00 and gave the company a “buy” rating in a report on Monday, August 5th. TD Cowen downgraded Frontier Communications Parent from a “buy” rating to a “hold” rating and lowered their price target for the company from $39.00 to $38.50 in a report on Tuesday, October 8th. Finally, Wolfe Research downgraded Frontier Communications Parent from an “outperform” rating to a “peer perform” rating in a report on Monday, September 30th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Frontier Communications Parent has an average rating of “Hold” and a consensus price target of $35.31.

Frontier Communications Parent Stock Down 0.3 %

Frontier Communications Parent stock opened at $35.85 on Friday. The company has a debt-to-equity ratio of 2.19, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market capitalization of $8.91 billion, a price-to-earnings ratio of 325.91 and a beta of 1.10. Frontier Communications Parent, Inc. has a 1-year low of $16.29 and a 1-year high of $39.21. The business has a fifty day moving average price of $33.07 and a 200-day moving average price of $28.19.

Frontier Communications Parent (NASDAQ:FYBR) last issued its quarterly earnings data 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 company 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%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.01) EPS. Equities research analysts forecast that Frontier Communications Parent, Inc. will post -0.79 EPS for the current fiscal year.

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.