Frontier Communications Parent, Inc. $FYBR Position Increased by Highbridge Capital Management LLC

Highbridge Capital Management LLC boosted its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 5.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,008,301 shares of the company’s stock after purchasing an additional 50,000 shares during the quarter. Frontier Communications Parent comprises 1.7% of Highbridge Capital Management LLC’s holdings, making the stock its 12th biggest position. Highbridge Capital Management LLC owned approximately 0.40% of Frontier Communications Parent worth $37,660,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Frontier Communications Parent by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 24,561,203 shares of the company’s stock valued at $917,361,000 after acquiring an additional 442,337 shares during the last quarter. Qube Research & Technologies Ltd boosted its holdings in shares of Frontier Communications Parent by 52.9% during the second quarter. Qube Research & Technologies Ltd now owns 6,238,099 shares of the company’s stock worth $227,067,000 after purchasing an additional 2,157,594 shares during the period. Norges Bank purchased a new position in shares of Frontier Communications Parent during the 2nd quarter valued at $207,593,000. Balyasny Asset Management L.P. increased its position in Frontier Communications Parent by 130.5% in the 2nd quarter. Balyasny Asset Management L.P. now owns 4,552,418 shares of the company’s stock worth $165,708,000 after purchasing an additional 2,577,691 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Frontier Communications Parent by 1.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,364,189 shares of the company’s stock valued at $86,056,000 after acquiring an additional 43,562 shares during the last quarter.

Frontier Communications Parent Trading Up 0.1%

NASDAQ:FYBR opened at $38.49 on Friday. The stock has a market capitalization of $9.64 billion, a PE ratio of -25.32 and a beta of 0.94. The business’s 50-day simple moving average is $38.33 and its 200-day simple moving average is $37.77. Frontier Communications Parent, Inc. has a fifty-two week low of $35.31 and a fifty-two week 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 Analysts Forecast Growth

FYBR has been the topic of a number of recent analyst reports. Zacks Research upgraded Frontier Communications Parent from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of Frontier Communications Parent in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus 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.