Frontier Communications Parent, Inc. (NASDAQ:FYBR) EVP John Harrobin Sells 36,000 Shares

Frontier Communications Parent, Inc. (NASDAQ:FYBR) EVP John Harrobin sold 36,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $36.01, for a total transaction of $1,296,360.00. Following the completion of the sale, the executive vice president now owns 76,523 shares in the company, valued at $2,755,593.23. This represents a 31.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Frontier Communications Parent Stock Performance

FYBR stock opened at $36.03 on Thursday. Frontier Communications Parent, Inc. has a 1-year low of $21.31 and a 1-year high of $39.21. 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 has a 50-day moving average price of $35.57 and a 200-day moving average price of $34.81. The firm has a market cap of $9.00 billion, a PE ratio of -27.93 and a beta of 1.04.

Frontier Communications Parent (NASDAQ:FYBR) last issued its 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). The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.47 billion. Frontier Communications Parent had a negative return on equity of 6.25% and a negative net margin of 5.42%. As a group, equities research analysts expect that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Raymond James cut Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a research note on Thursday, February 6th. Benchmark restated a “hold” rating on shares of Frontier Communications Parent in a report on Tuesday, February 25th. Finally, New Street Research lowered shares of Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Frontier Communications Parent currently has a consensus rating of “Hold” and an average target price of $35.31.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of FYBR. Creative Planning increased its stake in Frontier Communications Parent by 21.5% in the third quarter. Creative Planning now owns 14,383 shares of the company’s stock valued at $511,000 after purchasing an additional 2,541 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Frontier Communications Parent in the 3rd quarter valued at about $222,000. State of Alaska Department of Revenue raised its stake in Frontier Communications Parent by 5.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 25,693 shares of the company’s stock worth $912,000 after buying an additional 1,370 shares during the period. US Bancorp DE grew its stake in Frontier Communications Parent by 8.4% in the third quarter. US Bancorp DE now owns 7,750 shares of the company’s stock valued at $275,000 after acquiring an additional 598 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in Frontier Communications Parent by 80.8% in the third quarter. Farther Finance Advisors LLC now owns 1,815 shares of the company’s stock valued at $64,000 after acquiring an additional 811 shares during the period.

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.