UMB Bank n.a. Acquires 425 Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR)

UMB Bank n.a. lifted its stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 68.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,050 shares of the company’s stock after buying an additional 425 shares during the period. UMB Bank n.a.’s holdings in Frontier Communications Parent were worth $36,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in FYBR. Slotnik Capital LLC acquired a new stake in shares of Frontier Communications Parent during the 3rd quarter worth $34,286,000. Sand Grove Capital Management LLP bought a new position in Frontier Communications Parent in the 3rd quarter valued at about $18,490,000. Anchorage Capital Advisors L.P. raised its position in shares of Frontier Communications Parent by 26.6% in the 3rd quarter. Anchorage Capital Advisors L.P. now owns 1,729,555 shares of the company’s stock valued at $61,451,000 after buying an additional 362,888 shares in the last quarter. Alpine Associates Management Inc. bought a new stake in shares of Frontier Communications Parent during the 3rd quarter worth approximately $9,855,000. Finally, Marshall Wace LLP boosted its position in shares of Frontier Communications Parent by 49.5% during the 2nd quarter. Marshall Wace LLP now owns 420,227 shares of the company’s stock worth $11,002,000 after acquiring an additional 139,215 shares in the last quarter.

Frontier Communications Parent Trading Up 0.0 %

Shares of FYBR opened at $35.80 on Friday. 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 1-year low of $20.51 and a 1-year high of $39.21. The company has a market capitalization of $8.91 billion, a P/E ratio of -47.73 and a beta of 1.05. The firm’s 50 day simple moving average is $34.96 and its 200 day simple moving average is $33.21.

Frontier Communications Parent (NASDAQ:FYBR) last released its 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). Frontier Communications Parent had a negative net margin of 3.19% and a negative return on equity of 3.61%. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the prior year, the company earned $0.05 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. Sell-side analysts forecast that Frontier Communications Parent, Inc. will post -0.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP John Harrobin sold 23,491 shares of Frontier Communications Parent stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $34.85, for a total value of $818,661.35. Following the transaction, the executive vice president now owns 121,182 shares in the company, valued at approximately $4,223,192.70. The trade was a 16.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

FYBR has been the topic of several recent analyst reports. Wolfe Research lowered Frontier Communications Parent from an “outperform” rating to a “peer perform” rating in a research note on Monday, September 30th. BNP Paribas raised Frontier Communications Parent to a “hold” rating in a research note on Monday, October 14th. Citigroup downgraded shares of Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Raymond James downgraded shares of Frontier Communications Parent from a “strong-buy” rating to a “market perform” rating in a research note on Monday, October 28th. Finally, TD Cowen cut shares of Frontier Communications Parent from a “buy” rating to a “hold” rating and decreased their target price for the stock from $39.00 to $38.50 in a research note on Tuesday, October 8th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $35.31.

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.