Frontier Communications Parent, Inc. (NASDAQ:FYBR) Shares Purchased by Xponance Inc.

Xponance Inc. boosted its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 2.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 28,019 shares of the company’s stock after purchasing an additional 559 shares during the quarter. Xponance Inc.’s holdings in Frontier Communications Parent were worth $710,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Frontier Communications Parent by 15.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,363 shares of the company’s stock valued at $1,023,000 after purchasing an additional 5,335 shares during the last quarter. Mackenzie Financial Corp increased its stake in shares of Frontier Communications Parent by 62.8% during the 4th quarter. Mackenzie Financial Corp now owns 583,940 shares of the company’s stock valued at $14,797,000 after acquiring an additional 225,293 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of Frontier Communications Parent during the 4th quarter valued at about $1,574,000. Friedenthal Financial acquired a new position in shares of Frontier Communications Parent during the 4th quarter valued at about $785,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Frontier Communications Parent during the 4th quarter valued at about $1,541,000.

Wall Street Analysts Forecast Growth

FYBR has been the subject of a number of research analyst reports. Citigroup raised shares of Frontier Communications Parent from a “neutral” rating to a “buy” rating and upped their price objective for the company from $28.00 to $30.00 in a research note on Monday, April 15th. Bank of America initiated coverage on shares of Frontier Communications Parent in a research note on Tuesday, April 9th. They set a “buy” rating and a $30.00 price objective for the company. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company. According to data from MarketBeat, Frontier Communications Parent currently has a consensus rating of “Moderate Buy” and an average target price of $27.43.

Frontier Communications Parent Stock Up 1.4 %

FYBR opened at $22.93 on Friday. The company has a market cap of $5.70 billion, a PE ratio of 191.08 and a beta of 1.05. Frontier Communications Parent, Inc. has a 1 year low of $11.65 and a 1 year high of $25.89. The firm has a 50 day moving average price of $23.45 and a 200 day moving average price of $22.43. The company has a debt-to-equity ratio of 2.13, a quick ratio of 1.22 and a current ratio of 1.22.

Frontier Communications Parent (NASDAQ:FYBR) last released its quarterly earnings results on Friday, February 23rd. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Frontier Communications Parent had a return on equity of 0.56% and a net margin of 0.50%. Frontier Communications Parent’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.63 EPS. Sell-side analysts expect that Frontier Communications Parent, Inc. will post -0.2 earnings per share 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.