Highbridge Capital Management LLC Grows Stock Holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Highbridge Capital Management LLC boosted its stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 375.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,084,546 shares of the company’s stock after acquiring an additional 856,218 shares during the period. Frontier Communications Parent accounts for about 1.5% of Highbridge Capital Management LLC’s holdings, making the stock its 24th biggest position. Highbridge Capital Management LLC owned approximately 0.44% of Frontier Communications Parent worth $37,634,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of FYBR. UMB Bank n.a. increased its stake in shares of 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 acquiring an additional 425 shares during the period. Quarry LP acquired a new stake in shares of Frontier Communications Parent in the 3rd quarter valued at approximately $91,000. Blue Trust Inc. boosted its stake in shares of Frontier Communications Parent by 36.8% in the fourth quarter. Blue Trust Inc. now owns 5,883 shares of the company’s stock valued at $209,000 after buying an additional 1,581 shares in the last quarter. Impact Partnership Wealth LLC acquired a new position in Frontier Communications Parent during the fourth quarter worth $228,000. Finally, Vestcor Inc purchased a new position in Frontier Communications Parent in the fourth quarter worth $234,000.

Insider Buying and Selling at Frontier Communications Parent

In other news, EVP John Harrobin sold 36,000 shares of Frontier Communications Parent stock in a transaction dated 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 filing with the SEC, which is available through the SEC website. 1.40% of the stock is owned by insiders.

Analyst Ratings Changes

FYBR has been the topic of several research analyst reports. Benchmark restated a “hold” rating on shares of Frontier Communications Parent in a research report on Tuesday, February 25th. Raymond James lowered shares of Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a research report on Thursday, February 6th. Finally, New Street Research downgraded shares of Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Frontier Communications Parent has an average rating of “Hold” and a consensus price target of $35.31.

Frontier Communications Parent Trading Up 0.2 %

Shares of Frontier Communications Parent stock opened at $35.91 on Friday. The business has a 50 day moving average price of $35.81 and a 200 day moving average price of $35.40. The company has a market capitalization of $8.97 billion, a P/E ratio of -27.84 and a beta of 1.04. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.77 and a quick ratio of 0.77. Frontier Communications Parent, Inc. has a 1 year low of $21.31 and a 1 year high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR) last released its quarterly 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 company had revenue of $1.51 billion during 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%. Sell-side analysts anticipate that Frontier Communications Parent, Inc. will post -1.11 EPS for the current fiscal year.

Frontier Communications Parent Company 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.