Blue Trust Inc. Has $209,000 Stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Blue Trust Inc. lifted its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 36.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,883 shares of the company’s stock after acquiring an additional 1,581 shares during the period. Blue Trust Inc.’s holdings in Frontier Communications Parent were worth $209,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. UMB Bank n.a. raised its holdings in shares of Frontier Communications Parent by 68.0% during the fourth quarter. UMB Bank n.a. now owns 1,050 shares of the company’s stock valued at $36,000 after purchasing an additional 425 shares during the period. Capital Performance Advisors LLP acquired a new position in Frontier Communications Parent during the 3rd quarter worth approximately $50,000. Meeder Asset Management Inc. acquired a new position in Frontier Communications Parent during the 3rd quarter worth approximately $52,000. Farther Finance Advisors LLC boosted its holdings in Frontier Communications Parent by 80.8% in the third quarter. Farther Finance Advisors LLC now owns 1,815 shares of the company’s stock worth $64,000 after acquiring an additional 811 shares in the last quarter. Finally, Quarry LP acquired a new stake in Frontier Communications Parent in the third quarter valued at approximately $91,000.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on FYBR shares. BNP Paribas raised Frontier Communications Parent to a “hold” rating in a research report on Monday, October 14th. Benchmark downgraded shares of Frontier Communications Parent from a “buy” rating to a “hold” rating in a report on Friday, December 6th. TD Cowen cut shares of Frontier Communications Parent from a “buy” rating to a “hold” rating and reduced their price objective for the company from $39.00 to $38.50 in a report on Tuesday, October 8th. Raymond James lowered shares of Frontier Communications Parent from a “strong-buy” rating to a “market perform” rating in a report on Monday, October 28th. Finally, Citigroup cut shares of Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $35.31.

Frontier Communications Parent Price Performance

Shares of NASDAQ FYBR opened at $35.76 on Tuesday. The firm has a market cap of $8.90 billion, a price-to-earnings ratio of -47.68 and a beta of 1.05. The stock has a fifty day simple moving average of $35.07 and a two-hundred day simple moving average of $33.61. 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 $20.51 and a 1-year high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR) last released its quarterly earnings data on Tuesday, November 5th. The company reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.11). The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.46 billion. Frontier Communications Parent had a negative return on equity of 3.61% and a negative net margin of 3.19%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the business posted $0.05 earnings per share. Analysts anticipate that Frontier Communications Parent, Inc. will post -0.92 earnings per share for the current year.

Insider Activity at Frontier Communications Parent

In related news, EVP John Harrobin sold 23,491 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $34.85, for a total value of $818,661.35. Following the sale, the executive vice president now 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.40% of the stock is currently owned by corporate insiders.

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.