Short Interest in Frontier Communications Parent, Inc. (NASDAQ:FYBR) Expands By 24.6%

Frontier Communications Parent, Inc. (NASDAQ:FYBR) saw a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 9,210,000 shares, a growth of 24.6% from the January 31st total of 7,390,000 shares. Based on an average daily trading volume, of 2,510,000 shares, the short-interest ratio is currently 3.7 days. Approximately 4.4% of the shares of the stock are short sold.

Frontier Communications Parent Trading Down 0.1 %

NASDAQ FYBR opened at $36.00 on Friday. The firm has a market cap of $8.99 billion, a PE ratio of -27.91 and a beta of 1.04. Frontier Communications Parent has a 1-year low of $21.31 and a 1-year high of $39.21. The stock has a 50-day moving average of $35.59 and a 200-day moving average of $34.82. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.28.

Frontier Communications Parent (NASDAQ:FYBR) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.28). Frontier Communications Parent had a negative net margin of 5.42% and a negative return on equity of 6.25%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.47 billion. As a group, sell-side analysts forecast that Frontier Communications Parent will post -1.11 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on FYBR. Raymond James cut shares of Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a research report on Thursday, February 6th. New Street Research downgraded Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Benchmark reiterated a “hold” rating on shares of Frontier Communications Parent in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Frontier Communications Parent currently has a consensus rating of “Hold” and an average price target of $35.31.

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 that occurred on Monday, March 3rd. The shares were sold at an average price of $36.01, for a total transaction of $1,296,360.00. Following the completion of the sale, the executive vice president now directly owns 76,523 shares in the company, valued at $2,755,593.23. The trade was a 31.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Frontier Communications Parent

Several institutional investors have recently added to or reduced their stakes in the company. Mariner LLC raised 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 valued at $1,309,000 after acquiring an additional 301 shares during the last quarter. Oregon Public Employees Retirement Fund increased 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 valued at $1,565,000 after purchasing an additional 344 shares during the period. Franklin Resources Inc. raised its position in Frontier Communications Parent by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 45,059 shares of the company’s stock valued at $1,588,000 after purchasing an additional 372 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in Frontier Communications Parent by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 7,567 shares of the company’s stock worth $263,000 after buying an additional 377 shares during the period. Finally, Vident Advisory LLC grew its position in shares of Frontier Communications Parent by 3.8% in the 4th quarter. Vident Advisory LLC now owns 10,726 shares of the company’s stock worth $372,000 after buying an additional 390 shares during the last quarter.

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.