Handelsbanken Fonder AB Increases Stock Holdings in Frontier Communications Parent, Inc. $FYBR

Handelsbanken Fonder AB increased its holdings in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 47.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 79,500 shares of the company’s stock after buying an additional 25,400 shares during the quarter. Handelsbanken Fonder AB’s holdings in Frontier Communications Parent were worth $2,969,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its stake in shares of Frontier Communications Parent by 957.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 772 shares of the company’s stock valued at $28,000 after acquiring an additional 699 shares during the last quarter. Covestor Ltd increased its position in Frontier Communications Parent by 173.5% during the third quarter. Covestor Ltd now owns 1,195 shares of the company’s stock worth $45,000 after purchasing an additional 758 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Frontier Communications Parent by 56.5% during the third quarter. Smartleaf Asset Management LLC now owns 1,571 shares of the company’s stock worth $59,000 after purchasing an additional 567 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in 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 during the period. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Frontier Communications Parent by 490.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,496 shares of the company’s stock valued at $93,000 after purchasing an additional 2,073 shares during the last quarter.

Frontier Communications Parent Price Performance

Frontier Communications Parent stock opened at $38.49 on Wednesday. Frontier Communications Parent, Inc. has a 52-week low of $35.31 and a 52-week high of $38.50. The firm has a fifty day moving average of $38.38 and a 200-day moving average of $37.86. The firm has a market capitalization of $9.64 billion, a P/E ratio of -25.32 and a beta of 0.94. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 2.56.

Analysts Set New Price Targets

A number of analysts have recently commented 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 report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Frontier Communications Parent Company Profile

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.