Healthcare of Ontario Pension Plan Trust Fund Decreases Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Healthcare of Ontario Pension Plan Trust Fund trimmed its holdings in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 27.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 413,900 shares of the company’s stock after selling 156,900 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned 0.17% of Frontier Communications Parent worth $10,141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC boosted its holdings in Frontier Communications Parent by 120.1% in the fourth quarter. Hexagon Capital Partners LLC now owns 975 shares of the company’s stock worth $25,000 after acquiring an additional 532 shares in the last quarter. GAMMA Investing LLC acquired a new stake in Frontier Communications Parent in the 4th quarter worth approximately $31,000. Neo Ivy Capital Management purchased a new stake in Frontier Communications Parent during the 4th quarter worth approximately $49,000. Game Plan Financial Advisors LLC lifted its stake in shares of Frontier Communications Parent by 320.0% during the first quarter. Game Plan Financial Advisors LLC now owns 2,100 shares of the company’s stock worth $51,000 after buying an additional 1,600 shares during the period. Finally, Cape Investment Advisory Inc. acquired a new stake in Frontier Communications Parent during the 4th quarter worth about $52,000.

Analysts Set New Price Targets

A number of brokerages recently commented on FYBR. Citigroup upped their target price on Frontier Communications Parent from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. UBS Group initiated coverage on shares of Frontier Communications Parent in a research note on Thursday, July 18th. They issued a “buy” rating and a $33.00 price objective on the stock. Bank of America started coverage on shares of Frontier Communications Parent in a research report on Tuesday, April 9th. They set a “buy” rating and a $30.00 target price for the company. The Goldman Sachs Group initiated coverage on Frontier Communications Parent in a research report on Monday, July 1st. They set a “buy” rating and a $29.00 price target on the stock. Finally, TD Cowen decreased their price objective on Frontier Communications Parent from $41.00 to $39.00 and set a “buy” rating for the company in a report on Monday, May 6th. One analyst has rated the stock with a sell rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $30.38.

Frontier Communications Parent Price Performance

Shares of Frontier Communications Parent stock remained flat at $27.45 during trading hours on Thursday. 1,283,550 shares of the stock were exchanged, compared to its average volume of 1,508,690. The firm has a 50-day moving average price of $26.14 and a two-hundred day moving average price of $24.56. The stock has a market capitalization of $6.82 billion, a P/E ratio of 249.55 and a beta of 1.08. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.07 and a quick ratio of 1.07. Frontier Communications Parent, Inc. has a fifty-two week low of $13.66 and a fifty-two week high of $28.44.

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.