Thrivent Financial for Lutherans Trims Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Thrivent Financial for Lutherans trimmed its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 3.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,969 shares of the company’s stock after selling 2,081 shares during the period. Thrivent Financial for Lutherans’ holdings in Frontier Communications Parent were worth $1,846,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Russell Investments Group Ltd. grew its holdings in Frontier Communications Parent by 140.9% during the first quarter. Russell Investments Group Ltd. now owns 4,208 shares of the company’s stock valued at $103,000 after purchasing an additional 2,461 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Frontier Communications Parent by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 118,907 shares of the company’s stock valued at $2,914,000 after acquiring an additional 7,602 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Frontier Communications Parent by 23.5% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 105,000 shares of the company’s stock worth $2,587,000 after purchasing an additional 20,000 shares during the period. NBC Securities Inc. increased its position in Frontier Communications Parent by 20.9% during the second quarter. NBC Securities Inc. now owns 105,912 shares of the company’s stock valued at $2,772,000 after acquiring an additional 18,331 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in Frontier Communications Parent by 117.1% during the 2nd quarter. SG Americas Securities LLC now owns 14,745 shares of the company’s stock valued at $386,000 after purchasing an additional 7,952 shares during the last quarter.

Analyst Upgrades and Downgrades

FYBR has been the topic of a number of recent analyst reports. Raymond James lowered Frontier Communications Parent from a “strong-buy” rating to a “market perform” rating in a research note on Monday, October 28th. Benchmark reaffirmed a “buy” rating and set a $37.00 target price on shares of Frontier Communications Parent in a research report on Thursday, September 5th. UBS Group lowered shares of Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 6th. Moffett Nathanson downgraded Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 5th. Finally, The Goldman Sachs Group increased their target price on shares of Frontier Communications Parent from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $35.31.

Insiders Place Their Bets

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 sale, the executive vice president now directly owns 121,182 shares in the company, valued at approximately $4,223,192.70. This trade represents a 16.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.40% of the company’s stock.

Frontier Communications Parent Trading Down 0.2 %

Shares of NASDAQ:FYBR opened at $34.78 on Friday. 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 fifty day moving average price of $35.32 and a 200 day moving average price of $30.53. The stock has a market capitalization of $8.66 billion, a PE ratio of -46.37 and a beta of 1.10.

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

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.