Savant Capital LLC Buys 2,394 Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Savant Capital LLC increased its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 33.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,602 shares of the company’s stock after buying an additional 2,394 shares during the quarter. Savant Capital LLC’s holdings in Frontier Communications Parent were worth $333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in FYBR. Charles Schwab Investment Management Inc. increased its position in Frontier Communications Parent by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,310,952 shares of the company’s stock valued at $82,108,000 after purchasing an additional 109,648 shares during the period. Anchorage Capital Advisors L.P. lifted its holdings 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 worth $61,451,000 after purchasing an additional 362,888 shares in the last quarter. Slotnik Capital LLC bought a new position in Frontier Communications Parent during the 3rd quarter valued at $34,286,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Frontier Communications Parent by 1.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 565,310 shares of the company’s stock valued at $20,085,000 after acquiring an additional 6,800 shares in the last quarter. Finally, Sand Grove Capital Management LLP bought a new position in Frontier Communications Parent during the 3rd quarter valued at $18,490,000.

Frontier Communications Parent Stock Down 0.0 %

FYBR stock opened at $35.73 on Tuesday. Frontier Communications Parent, Inc. has a fifty-two week low of $20.51 and a fifty-two week high of $39.21. The business’s 50-day moving average is $35.29 and its two-hundred day moving average is $34.16. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market cap of $8.90 billion, a price-to-earnings ratio of -47.64 and a beta of 1.05.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on FYBR shares. Benchmark lowered Frontier Communications Parent from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Raymond James cut Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, Frontier Communications Parent presently has a consensus rating of “Hold” and an average price target of $35.31.

About Frontier Communications Parent

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.