6,578 Shares in Frontier Communications Parent, Inc. (NASDAQ:FYBR) Bought by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC bought a new stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 6,578 shares of the company’s stock, valued at approximately $228,000.

Several other hedge funds and other institutional investors also recently modified their holdings of FYBR. Vanguard Personalized Indexing Management LLC raised its stake in Frontier Communications Parent by 3.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 22,801 shares of the company’s stock valued at $597,000 after acquiring an additional 662 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of Frontier Communications Parent by 18.4% during the second quarter. Hsbc Holdings PLC now owns 10,335 shares of the company’s stock valued at $271,000 after purchasing an additional 1,609 shares in the last quarter. Marshall Wace LLP lifted its holdings in Frontier Communications Parent by 49.5% in the second quarter. Marshall Wace LLP now owns 420,227 shares of the company’s stock worth $11,002,000 after purchasing an additional 139,215 shares during the period. AQR Capital Management LLC bought a new position in Frontier Communications Parent in the 2nd quarter valued at about $269,000. Finally, Luxor Capital Group LP increased its stake in Frontier Communications Parent by 1.6% during the 2nd quarter. Luxor Capital Group LP now owns 2,796,332 shares of the company’s stock valued at $73,208,000 after buying an additional 43,542 shares during the period.

Insider Activity

In other news, EVP John Harrobin sold 23,491 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $34.85, for a total value of $818,661.35. Following the transaction, the executive vice president now owns 121,182 shares of the company’s stock, valued at approximately $4,223,192.70. This trade represents a 16.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is currently owned by insiders.

Frontier Communications Parent Price Performance

NASDAQ:FYBR opened at $35.80 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 firm has a market cap of $8.91 billion, a PE ratio of -47.73 and a beta of 1.05. Frontier Communications Parent, Inc. has a 12 month low of $20.51 and a 12 month high of $39.21. The company’s 50-day moving average price is $34.96 and its two-hundred day moving average price is $33.16.

Frontier Communications Parent (NASDAQ:FYBR) last posted its quarterly earnings data on Tuesday, November 5th. The company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.11). Frontier Communications Parent had a negative return on equity of 3.61% and a negative net margin of 3.19%. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the firm posted $0.05 EPS. Frontier Communications Parent’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities analysts anticipate that Frontier Communications Parent, Inc. will post -0.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Citigroup cut Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. TD Cowen lowered Frontier Communications Parent from a “buy” rating to a “hold” rating and cut their price objective for the company from $39.00 to $38.50 in a report on Tuesday, October 8th. BNP Paribas raised Frontier Communications Parent to a “hold” rating in a research note on Monday, October 14th. Raymond James cut shares of Frontier Communications Parent from a “strong-buy” rating to a “market perform” rating in a research report on Monday, October 28th. Finally, Wolfe Research lowered shares of Frontier Communications Parent from an “outperform” rating to a “peer perform” rating in a research report on Monday, September 30th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target 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.