Frontier Communications Parent, Inc. (NASDAQ:FYBR) Shares Bought by Aigen Investment Management LP

Aigen Investment Management LP lifted its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 21.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,453 shares of the company’s stock after acquiring an additional 1,836 shares during the period. Aigen Investment Management LP’s holdings in Frontier Communications Parent were worth $371,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Frontier Communications Parent by 0.5% in the first quarter. Vanguard Group Inc. now owns 24,072,547 shares of the company’s stock valued at $589,777,000 after buying an additional 108,344 shares during the last quarter. Capital International Investors raised its holdings in Frontier Communications Parent by 0.5% in the first quarter. Capital International Investors now owns 17,415,371 shares of the company’s stock valued at $426,677,000 after acquiring an additional 92,944 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Frontier Communications Parent by 12.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 13,683,965 shares of the company’s stock valued at $335,257,000 after purchasing an additional 1,462,646 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Frontier Communications Parent by 24.4% in the second quarter. Dimensional Fund Advisors LP now owns 8,088,749 shares of the company’s stock valued at $211,758,000 after buying an additional 1,587,145 shares in the last quarter. Finally, Luxor Capital Group LP lifted its stake in Frontier Communications Parent by 1.6% during the second quarter. Luxor Capital Group LP now owns 2,796,332 shares of the company’s stock worth $73,208,000 after purchasing an additional 43,542 shares during the last quarter.

Frontier Communications Parent Stock Performance

NASDAQ:FYBR opened at $34.75 on Friday. 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 market cap of $8.65 billion, a P/E ratio of -46.33 and a beta of 1.10. The firm’s 50 day moving average is $35.49 and its two-hundred day moving average is $29.88. Frontier Communications Parent, Inc. has a fifty-two week low of $20.41 and a fifty-two week high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR) last announced 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 net margin of 3.19% and a negative return on equity of 3.61%. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the firm earned $0.05 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. Analysts expect that Frontier Communications Parent, Inc. will post -0.83 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. BNP Paribas upgraded shares of Frontier Communications Parent to a “hold” rating in a research note on Monday, October 14th. UBS Group cut Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 6th. The Goldman Sachs Group boosted their price target on Frontier Communications Parent from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $38.50 price objective (up from $31.00) on shares of Frontier Communications Parent in a research report on Friday, September 6th. Finally, Benchmark reiterated a “buy” rating and set a $37.00 target price on shares of Frontier Communications Parent in a report on Thursday, September 5th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Frontier Communications Parent presently has an average rating of “Hold” and a consensus target price of $35.31.

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.