Rhumbline Advisers Acquires 40,365 Shares of Frontier Communications Parent, Inc. $FYBR

Rhumbline Advisers lifted its position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 6.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 658,341 shares of the company’s stock after purchasing an additional 40,365 shares during the quarter. Rhumbline Advisers owned about 0.26% of Frontier Communications Parent worth $24,589,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of FYBR. Geneos Wealth Management Inc. raised its holdings in Frontier Communications Parent by 957.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 772 shares of the company’s stock worth $28,000 after acquiring an additional 699 shares during the last quarter. Covestor Ltd increased its stake in shares of Frontier Communications Parent by 173.5% in the 3rd quarter. Covestor Ltd now owns 1,195 shares of the company’s stock worth $45,000 after purchasing an additional 758 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Frontier Communications Parent by 56.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,571 shares of the company’s stock valued at $59,000 after buying an additional 567 shares in the last quarter. Hantz Financial Services Inc. increased its stake in shares of Frontier Communications Parent by 490.1% in the third quarter. Hantz Financial Services Inc. now owns 2,496 shares of the company’s stock worth $93,000 after purchasing an additional 2,073 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Frontier Communications Parent by 178.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,515 shares of the company’s stock worth $92,000 after purchasing an additional 1,613 shares in the last quarter.

Frontier Communications Parent Stock Up 0.1%

NASDAQ:FYBR opened at $38.49 on Tuesday. The company’s fifty day moving average price is $38.29 and its 200-day moving average price is $37.73. The firm has a market capitalization of $9.64 billion, a P/E ratio of -25.32 and a beta of 0.94. Frontier Communications Parent, Inc. has a 1-year low of $35.31 and a 1-year high of $38.50. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.30 and a quick ratio of 0.30.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Zacks Research upgraded Frontier Communications Parent from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 14th. Weiss Ratings reissued a “sell (d)” rating on shares of Frontier Communications Parent in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold”.

About Frontier Communications Parent

Frontier Communications Parent, Inc (NASDAQ: FYBR) is the holding company and parent organization of Frontier Communications, a provider of broadband, voice and video services across the United States. Formed in conjunction with the company’s restructuring and corporate spin-off, Frontier Communications Parent oversees the strategic direction and capital allocation for its operating subsidiaries, which deliver telecommunications solutions to residential and business customers.

The company’s operating units design, build and manage a diversified network infrastructure that includes fiber-to-the-premises (FTTP), digital subscriber line (DSL) and fixed wireless technologies.