Frontier Communications Parent, Inc. (NASDAQ:FYBR) is Slotnik Capital LLC’s Largest Position

Slotnik Capital LLC boosted its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 5.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,016,035 shares of the company’s stock after purchasing an additional 51,035 shares during the quarter. Frontier Communications Parent comprises 15.9% of Slotnik Capital LLC’s investment portfolio, making the stock its biggest position. Slotnik Capital LLC owned about 0.41% of Frontier Communications Parent worth $35,256,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund increased its stake in Frontier Communications Parent by 0.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 45,105 shares of the company’s stock valued at $1,565,000 after acquiring an additional 344 shares during the last quarter. Franklin Resources Inc. lifted its position in Frontier Communications Parent by 0.8% in the 3rd quarter. Franklin Resources Inc. now owns 45,059 shares of the company’s stock worth $1,588,000 after buying an additional 372 shares during the last quarter. CIBC Asset Management Inc grew its position in Frontier Communications Parent by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 7,567 shares of the company’s stock valued at $263,000 after acquiring an additional 377 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Frontier Communications Parent by 68.0% in the 4th quarter. UMB Bank n.a. now owns 1,050 shares of the company’s stock worth $36,000 after acquiring an additional 425 shares during the last quarter. Finally, Natixis Advisors LLC grew its holdings in shares of Frontier Communications Parent by 2.5% during the 4th quarter. Natixis Advisors LLC now owns 19,324 shares of the company’s stock valued at $671,000 after purchasing an additional 473 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FYBR. New Street Research cut Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Friday, February 21st. Benchmark reaffirmed a “hold” rating on shares of Frontier Communications Parent in a research note on Tuesday, February 25th. Finally, Raymond James lowered shares of Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $35.31.

Insider Activity at Frontier Communications Parent

In other news, EVP John Harrobin sold 36,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $36.01, for a total transaction of $1,296,360.00. Following the sale, the executive vice president now owns 76,523 shares in the company, valued at $2,755,593.23. This represents a 31.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.40% of the stock is currently owned by insiders.

Frontier Communications Parent Price Performance

FYBR stock opened at $36.05 on Thursday. 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 firm has a 50 day moving average price of $35.83 and a 200-day moving average price of $35.40. Frontier Communications Parent, Inc. has a 52-week low of $21.31 and a 52-week high of $39.21. The firm has a market capitalization of $9.00 billion, a price-to-earnings ratio of -27.95 and a beta of 1.04.

Frontier Communications Parent (NASDAQ:FYBR) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.28). Frontier Communications Parent had a negative net margin of 5.42% and a negative return on equity of 6.25%. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Equities research analysts forecast that Frontier Communications Parent, Inc. will post -1.11 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.