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

Ethic Inc. raised its stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 74.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 25,535 shares of the company’s stock after purchasing an additional 10,885 shares during the quarter. Ethic Inc.’s holdings in Frontier Communications Parent were worth $886,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Mariner LLC grew its stake in shares of Frontier Communications Parent by 0.8% during the fourth quarter. Mariner LLC now owns 37,731 shares of the company’s stock worth $1,309,000 after purchasing an additional 301 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Frontier Communications Parent by 0.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 45,105 shares of the company’s stock worth $1,565,000 after buying an additional 344 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Frontier Communications Parent by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 45,059 shares of the company’s stock worth $1,588,000 after acquiring an additional 372 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of Frontier Communications Parent by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 7,567 shares of the company’s stock worth $263,000 after acquiring an additional 377 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of 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 during the last quarter.

Insider Activity at Frontier Communications Parent

In other Frontier Communications Parent news, EVP John Harrobin sold 36,000 shares of Frontier Communications Parent stock in a transaction on 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 in the company, valued at approximately $2,755,593.23. The trade was a 31.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. New Street Research cut Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 21st. Benchmark reissued a “hold” rating on shares of Frontier Communications Parent in a report on Tuesday, February 25th. Finally, Raymond James downgraded shares of Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $36.07.

Frontier Communications Parent Trading Down 0.2%

NASDAQ:FYBR opened at $36.53 on Thursday. The company has a market capitalization of $9.14 billion, a PE ratio of -28.32 and a beta of 1.01. Frontier Communications Parent, Inc. has a 52-week low of $24.43 and a 52-week high of $39.21. The stock’s 50 day moving average price is $36.03 and its 200 day moving average price is $35.52. 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 data on Tuesday, April 29th. The company reported ($0.26) earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.07. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. Frontier Communications Parent had a negative return on equity of 6.25% and a negative net margin of 5.42%. The firm’s revenue was up 3.5% compared to the same quarter last year. On average, research analysts anticipate that Frontier Communications Parent, Inc. will post -1.11 EPS 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.