Oregon Public Employees Retirement Fund Boosts Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Oregon Public Employees Retirement Fund increased its holdings in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,105 shares of the company’s stock after purchasing an additional 344 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Frontier Communications Parent were worth $1,565,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its stake in Frontier Communications Parent by 68.0% during the fourth quarter. UMB Bank n.a. now owns 1,050 shares of the company’s stock worth $36,000 after purchasing an additional 425 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in Frontier Communications Parent in the third quarter valued at approximately $50,000. Meeder Asset Management Inc. purchased a new stake in Frontier Communications Parent in the third quarter valued at approximately $52,000. Farther Finance Advisors LLC lifted 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 buying an additional 811 shares during the last quarter. Finally, Quarry LP purchased a new stake in Frontier Communications Parent in the third quarter valued at approximately $91,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in 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. New Street Research cut Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Benchmark reiterated a “hold” rating on shares of Frontier Communications Parent in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Frontier Communications Parent has a consensus rating of “Hold” and an average price target of $35.31.

Frontier Communications Parent Price Performance

Frontier Communications Parent stock opened at $35.99 on Friday. Frontier Communications Parent, Inc. has a 12 month low of $21.31 and a 12 month high of $39.21. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.77 and a quick ratio of 0.77. The business has a 50 day simple moving average of $35.49 and a 200-day simple moving average of $34.60. The stock has a market capitalization of $8.99 billion, a PE ratio of -27.90 and a beta of 1.05.

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). Frontier Communications Parent had a negative return on equity of 6.25% and a negative net margin of 5.42%. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Equities analysts predict that Frontier Communications Parent, Inc. will post -1.11 earnings per share 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.