Xponance Inc. Buys 1,495 Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Xponance Inc. boosted its stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 6.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,379 shares of the company’s stock after purchasing an additional 1,495 shares during the quarter. Xponance Inc.’s holdings in Frontier Communications Parent were worth $915,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its position in shares of Frontier Communications Parent by 68.0% in the 4th quarter. UMB Bank n.a. now owns 1,050 shares of the company’s stock valued at $36,000 after acquiring an additional 425 shares during the period. Quarry LP acquired a new stake in Frontier Communications Parent in the third quarter worth $91,000. Blue Trust Inc. boosted its position in shares of Frontier Communications Parent by 36.8% during the fourth quarter. Blue Trust Inc. now owns 5,883 shares of the company’s stock worth $209,000 after purchasing an additional 1,581 shares in the last quarter. Impact Partnership Wealth LLC acquired a new position in shares of Frontier Communications Parent in the 4th quarter valued at $228,000. Finally, Vestcor Inc bought a new stake in shares of Frontier Communications Parent in the 4th quarter valued at $234,000.

Frontier Communications Parent Price Performance

NASDAQ:FYBR opened at $35.76 on Tuesday. The stock’s 50-day simple moving average is $35.79 and its 200 day simple moving average is $35.39. Frontier Communications Parent, Inc. has a 52-week low of $21.31 and a 52-week high of $39.21. 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 company has a market cap of $8.93 billion, a P/E ratio of -27.72 and a beta of 1.04.

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

Insider Activity at Frontier Communications Parent

In other news, EVP John Harrobin sold 36,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $36.01, for a total value of $1,296,360.00. Following the completion of the sale, the executive vice president now directly owns 76,523 shares of the company’s stock, valued at $2,755,593.23. This trade represents a 31.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on FYBR. Raymond James downgraded Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a report on Thursday, February 6th. New Street Research cut shares of Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Friday, February 21st. Finally, Benchmark restated 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 assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price 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.