FORA Capital LLC Invests $2.30 Million in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

FORA Capital LLC bought a new position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 64,715 shares of the company’s stock, valued at approximately $2,299,000.

Other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in shares of Frontier Communications Parent by 24.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,088,749 shares of the company’s stock worth $211,758,000 after purchasing an additional 1,587,145 shares during the period. Luxor Capital Group LP increased its holdings in Frontier Communications Parent by 1.6% in the second quarter. Luxor Capital Group LP now owns 2,796,332 shares of the company’s stock valued at $73,208,000 after buying an additional 43,542 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Frontier Communications Parent by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,310,952 shares of the company’s stock valued at $82,108,000 after buying an additional 109,648 shares in the last quarter. American Century Companies Inc. raised its position in shares of Frontier Communications Parent by 4.1% in the second quarter. American Century Companies Inc. now owns 2,005,937 shares of the company’s stock worth $52,515,000 after acquiring an additional 79,265 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Frontier Communications Parent by 2.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,874,245 shares of the company’s stock worth $49,068,000 after acquiring an additional 51,133 shares in the last quarter.

Frontier Communications Parent Trading Down 0.2 %

Shares of FYBR opened at $34.78 on Thursday. Frontier Communications Parent, Inc. has a 52-week low of $20.42 and a 52-week high of $39.21. The stock has a market cap of $8.66 billion, a PE ratio of -46.37 and a beta of 1.10. The firm’s fifty day moving average is $35.33 and its two-hundred day moving average is $30.50. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.28.

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

Insider Transactions at Frontier Communications Parent

In other Frontier Communications Parent news, EVP John Harrobin sold 23,491 shares of the firm’s 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 completion of the sale, the executive vice president now directly owns 121,182 shares of the company’s stock, valued at $4,223,192.70. This trade represents a 16.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

FYBR has been the topic of a number of analyst reports. BNP Paribas upgraded Frontier Communications Parent to a “hold” rating in a research report on Monday, October 14th. Raymond James cut Frontier Communications Parent from a “strong-buy” rating to a “market perform” rating in a research report on Monday, October 28th. The Goldman Sachs Group upped their target price on Frontier Communications Parent from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. TD Cowen cut shares of Frontier Communications Parent from a “buy” rating to a “hold” rating and dropped their price target for the company from $39.00 to $38.50 in a research note on Tuesday, October 8th. Finally, Benchmark restated a “buy” rating and set a $37.00 price objective on shares of Frontier Communications Parent in a research report on Thursday, September 5th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Frontier Communications Parent has a consensus rating of “Hold” and an average price target of $35.31.

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.