R Squared Ltd Has $3.07 Million Holdings in Frontier Communications Parent, Inc. $FYBR

R Squared Ltd lifted its stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 736.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 82,135 shares of the company’s stock after acquiring an additional 72,314 shares during the quarter. Frontier Communications Parent makes up approximately 1.3% of R Squared Ltd’s investment portfolio, making the stock its largest position. R Squared Ltd’s holdings in Frontier Communications Parent were worth $3,068,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of FYBR. Geneos Wealth Management Inc. grew its stake in Frontier Communications Parent by 957.5% in the first quarter. Geneos Wealth Management Inc. now owns 772 shares of the company’s stock valued at $28,000 after purchasing an additional 699 shares in the last quarter. Covestor Ltd boosted its holdings 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 valued at $45,000 after buying an additional 758 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Frontier Communications Parent by 56.5% in 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 during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Frontier Communications Parent by 178.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,515 shares of the company’s stock valued at $92,000 after buying an additional 1,613 shares in the last quarter. Finally, Hantz Financial Services Inc. grew 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 valued at $93,000 after buying an additional 2,073 shares in the last quarter.

Analysts Set New Price Targets

FYBR has been the topic of several analyst reports. Zacks Research raised shares of Frontier Communications Parent from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. Weiss Ratings restated a “sell (d)” rating on shares of Frontier Communications Parent in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Frontier Communications Parent Trading Up 0.1%

FYBR stock opened at $38.49 on Friday. Frontier Communications Parent, Inc. has a one year low of $35.31 and a one year high of $38.50. The stock has a market cap of $9.64 billion, a price-to-earnings ratio of -25.32 and a beta of 0.94. The company has a fifty day moving average price of $38.36 and a two-hundred day moving average price of $37.81. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.30 and a quick ratio of 0.30.

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.