10,450 Shares in Frontier Communications Parent, Inc. (NASDAQ:FYBR) Purchased by R Squared Ltd

R Squared Ltd bought a new position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 10,450 shares of the company’s stock, valued at approximately $363,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its position in shares of Frontier Communications Parent by 68.0% during the fourth quarter. UMB Bank n.a. now owns 1,050 shares of the company’s stock worth $36,000 after buying an additional 425 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Frontier Communications Parent in the 3rd quarter valued at about $50,000. Meeder Asset Management Inc. acquired a new stake in shares of Frontier Communications Parent in the third quarter valued at approximately $52,000. Farther Finance Advisors LLC grew its position in Frontier Communications Parent by 80.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,815 shares of the company’s stock worth $64,000 after purchasing an additional 811 shares during the last quarter. Finally, Quarry LP purchased a new position in shares of Frontier Communications Parent during the third quarter worth about $91,000.

Analysts Set New Price Targets

Several research analysts recently issued reports on FYBR shares. Benchmark cut shares of Frontier Communications Parent from a “buy” rating to a “hold” rating in a report on Friday, December 6th. BNP Paribas raised shares of Frontier Communications Parent to a “hold” rating in a research note on Monday, October 14th. TD Cowen downgraded Frontier Communications Parent from a “buy” rating to a “hold” rating and reduced their price objective for the company from $39.00 to $38.50 in a research report on Tuesday, October 8th. Raymond James downgraded shares of Frontier Communications Parent from a “strong-buy” rating to a “market perform” rating in a report on Monday, October 28th. Finally, Citigroup downgraded shares of Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $35.31.

Frontier Communications Parent Stock Performance

Shares of FYBR stock opened at $35.76 on Wednesday. Frontier Communications Parent, Inc. has a 52 week low of $20.51 and a 52 week high of $39.21. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.28. The company has a 50-day simple moving average of $34.99 and a 200 day simple moving average of $33.39.

Frontier Communications Parent (NASDAQ:FYBR) last issued its quarterly earnings data on Tuesday, November 5th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.11). The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.46 billion. Frontier Communications Parent had a negative return on equity of 3.61% and a negative net margin of 3.19%. Frontier Communications Parent’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.05 earnings per share. As a group, equities analysts forecast that Frontier Communications Parent, Inc. will post -0.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP John Harrobin sold 23,491 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $34.85, for a total transaction of $818,661.35. Following the transaction, the executive vice president now directly owns 121,182 shares in the company, valued at approximately $4,223,192.70. This represents a 16.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.40% of the stock is currently owned by company insiders.

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.