WINTON GROUP Ltd Trims Stock Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

WINTON GROUP Ltd decreased its holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 3.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 278,034 shares of the company’s stock after selling 9,954 shares during the period. Frontier Communications Parent makes up about 0.6% of WINTON GROUP Ltd’s investment portfolio, making the stock its 25th largest position. WINTON GROUP Ltd owned 0.11% of Frontier Communications Parent worth $9,648,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of FYBR. Natixis Advisors LLC lifted its stake in Frontier Communications Parent by 10.4% during the third quarter. Natixis Advisors LLC now owns 18,851 shares of the company’s stock worth $670,000 after purchasing an additional 1,778 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Frontier Communications Parent by 21.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,971 shares of the company’s stock valued at $674,000 after buying an additional 3,354 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Frontier Communications Parent by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,310,952 shares of the company’s stock worth $82,108,000 after acquiring an additional 109,648 shares during the period. Citigroup Inc. raised its position in Frontier Communications Parent by 106.9% in the third quarter. Citigroup Inc. now owns 239,893 shares of the company’s stock worth $8,523,000 after acquiring an additional 123,939 shares in the last quarter. Finally, Cerity Partners LLC acquired a new stake in Frontier Communications Parent in the 3rd quarter valued at about $440,000.

Insider Activity

In other Frontier Communications Parent news, EVP John Harrobin sold 36,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $2,755,593.23. This represents a 31.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.40% of the company’s stock.

Frontier Communications Parent Price Performance

NASDAQ:FYBR opened at $35.83 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. Frontier Communications Parent, Inc. has a 52 week low of $21.31 and a 52 week high of $39.21. The firm’s 50-day simple moving average is $35.80 and its 200 day simple moving average is $35.40. The firm has a market cap of $8.95 billion, a price-to-earnings ratio of -27.78 and a beta of 1.04.

Frontier Communications Parent (NASDAQ:FYBR) last issued its earnings results on Thursday, February 20th. The company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.28). The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.47 billion. Frontier Communications Parent had a negative net margin of 5.42% and a negative return on equity of 6.25%. As a group, sell-side analysts predict that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FYBR. Benchmark reissued a “hold” rating on shares of Frontier Communications Parent in a research report on Tuesday, February 25th. Raymond James cut Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a research report on Thursday, February 6th. Finally, New Street Research lowered Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Frontier Communications Parent presently has a consensus rating of “Hold” and a consensus target price 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.