KRYGER CAPITAL Ltd Acquires New Holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

KRYGER CAPITAL Ltd bought a new position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 321,374 shares of the company’s stock, valued at approximately $11,152,000. Frontier Communications Parent accounts for approximately 2.9% of KRYGER CAPITAL Ltd’s holdings, making the stock its 8th largest position. KRYGER CAPITAL Ltd owned approximately 0.13% of Frontier Communications Parent as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. UMB Bank n.a. lifted its stake in Frontier Communications Parent by 68.0% in the 4th quarter. UMB Bank n.a. now owns 1,050 shares of the company’s stock valued at $36,000 after acquiring an additional 425 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Frontier Communications Parent by 37.9% in the fourth quarter. Russell Investments Group Ltd. now owns 5,091 shares of the company’s stock valued at $177,000 after purchasing an additional 1,399 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Frontier Communications Parent by 36.8% in the fourth quarter. Blue Trust Inc. now owns 5,883 shares of the company’s stock worth $209,000 after purchasing an additional 1,581 shares in the last quarter. Impact Partnership Wealth LLC acquired a new position in Frontier Communications Parent during the fourth quarter worth $228,000. Finally, Vestcor Inc bought a new position in Frontier Communications Parent in the fourth quarter valued at $234,000.

Insider Transactions at Frontier Communications Parent

In other Frontier Communications Parent news, EVP John Harrobin sold 36,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $36.01, for a total value of $1,296,360.00. Following the transaction, the executive vice president now directly owns 76,523 shares of the company’s stock, valued at $2,755,593.23. This represents a 31.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Frontier Communications Parent Price Performance

NASDAQ:FYBR opened at $35.94 on Friday. Frontier Communications Parent, Inc. has a 12-month low of $21.31 and a 12-month high of $39.21. The firm has a market capitalization of $8.97 billion, a price-to-earnings ratio of -27.86 and a beta of 1.01. The stock’s 50 day moving average price is $35.82 and its two-hundred day moving average price is $35.41. 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 Thursday, February 20th. The company reported ($0.47) earnings per share 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 business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.47 billion. On average, analysts anticipate that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FYBR has been the topic of several analyst reports. 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 research report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $36.07.

About Frontier Communications Parent

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.