Frontier Communications Parent, Inc. (NASDAQ:FYBR) Shares Sold by Reaves W H & Co. Inc.

Reaves W H & Co. Inc. trimmed its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 9.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 708,528 shares of the company’s stock after selling 74,844 shares during the quarter. Reaves W H & Co. Inc.’s holdings in Frontier Communications Parent were worth $24,586,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Silphium Asset Management Ltd acquired a new stake in Frontier Communications Parent in the 4th quarter worth about $10,410,000. Proficio Capital Partners LLC acquired a new stake in Frontier Communications Parent in the 4th quarter worth about $1,583,000. New York Life Investment Management LLC acquired a new stake in Frontier Communications Parent in the 4th quarter worth about $9,148,000. Oregon Public Employees Retirement Fund boosted its holdings in Frontier Communications Parent by 0.8% in 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. Finally, Olympiad Research LP acquired a new stake in Frontier Communications Parent in the 4th quarter worth about $999,000.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Raymond James cut Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a report 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 cut Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Friday, February 21st. One research 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. Based on data from MarketBeat, Frontier Communications Parent has a consensus rating of “Hold” and a consensus target price of $35.31.

Frontier Communications Parent Stock Up 0.0 %

FYBR stock opened at $36.00 on Tuesday. The firm has a market cap of $8.99 billion, a PE ratio of -27.91 and a beta of 1.05. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77. The firm’s 50 day moving average price is $35.52 and its 200-day moving average price is $34.75. Frontier Communications Parent, Inc. has a one year low of $21.31 and a one year high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.28). The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Frontier Communications Parent had a negative net margin of 5.42% and a negative return on equity of 6.25%. On average, equities research analysts anticipate that Frontier Communications Parent, Inc. will post -1.11 EPS for the current year.

Frontier Communications Parent 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.