Crossmark Global Holdings Inc. Sells 334 Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Crossmark Global Holdings Inc. lessened its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 1.7% during the third quarter, Holdings Channel.com reports. The firm owned 18,898 shares of the company’s stock after selling 334 shares during the period. Crossmark Global Holdings Inc.’s holdings in Frontier Communications Parent were worth $672,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new position in Frontier Communications Parent in the second quarter worth approximately $37,000. Capital Performance Advisors LLP acquired a new stake in Frontier Communications Parent in the 3rd quarter valued at $50,000. Blue Trust Inc. increased its stake in Frontier Communications Parent by 224,400.0% during the 2nd quarter. Blue Trust Inc. now owns 2,245 shares of the company’s stock valued at $55,000 after purchasing an additional 2,244 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Frontier Communications Parent by 80.8% during the third quarter. Farther Finance Advisors LLC now owns 1,815 shares of the company’s stock worth $64,000 after buying an additional 811 shares during the last quarter. Finally, Game Plan Financial Advisors LLC lifted its stake in shares of Frontier Communications Parent by 23.8% in the second quarter. Game Plan Financial Advisors LLC now owns 2,600 shares of the company’s stock valued at $68,000 after buying an additional 500 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms have recently commented on FYBR. Citigroup downgraded shares of Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. TD Cowen downgraded Frontier Communications Parent from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $39.00 to $38.50 in a research note on Tuesday, October 8th. UBS Group cut Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 6th. Raymond James downgraded Frontier Communications Parent from a “strong-buy” rating to a “market perform” rating in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. cut Frontier Communications Parent from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $35.00 to $38.50 in a research note on Tuesday, September 17th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Frontier Communications Parent has an average rating of “Hold” and a consensus target price of $35.31.

Frontier Communications Parent Stock Up 0.3 %

FYBR stock opened at $34.86 on Friday. The stock has a market cap of $8.68 billion, a P/E ratio of -46.48 and a beta of 1.10. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.28. The stock’s fifty day simple moving average is $35.48 and its two-hundred day simple moving average is $29.95. Frontier Communications Parent, Inc. has a 1-year low of $20.42 and a 1-year high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR) last issued 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 company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period last year, the firm posted $0.05 earnings per share. Frontier Communications Parent’s quarterly revenue was up 3.7% compared to the same quarter last year. Analysts expect that Frontier Communications Parent, Inc. will post -0.83 EPS for the current 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.