Geode Capital Management LLC Increases Stock Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Geode Capital Management LLC grew its position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 0.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,007,214 shares of the company’s stock after purchasing an additional 7,446 shares during the period. Geode Capital Management LLC’s holdings in Frontier Communications Parent were worth $139,142,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. UMB Bank n.a. grew its holdings in Frontier Communications Parent by 68.0% during the 4th quarter. UMB Bank n.a. now owns 1,050 shares of the company’s stock valued at $36,000 after buying an additional 425 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Frontier Communications Parent by 36.8% during the 4th quarter. Blue Trust Inc. now owns 5,883 shares of the company’s stock valued at $209,000 after acquiring an additional 1,581 shares during the last quarter. Impact Partnership Wealth LLC purchased a new position in shares of Frontier Communications Parent in the fourth quarter valued at $228,000. Vestcor Inc bought a new stake in Frontier Communications Parent in the fourth quarter worth $234,000. Finally, Neo Ivy Capital Management purchased a new stake in Frontier Communications Parent during the third quarter valued at $240,000.

Insider Activity at Frontier Communications Parent

In other Frontier Communications Parent news, EVP John Harrobin sold 36,000 shares of the 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 transaction, the executive vice president now directly owns 76,523 shares in the company, valued at $2,755,593.23. This represents a 31.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Frontier Communications Parent Trading Down 0.4 %

FYBR stock opened at $35.51 on Tuesday. Frontier Communications Parent, Inc. has a 12 month low of $21.31 and a 12 month high of $39.21. The firm’s 50-day moving average is $35.82 and its 200 day moving average is $35.40. The company has a market capitalization of $8.87 billion, a PE ratio of -27.53 and a beta of 1.01. 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 (NASDAQ:FYBR) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.28). The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.47 billion. Frontier Communications Parent had a negative return on equity of 6.25% and a negative net margin of 5.42%. On average, research analysts anticipate that Frontier Communications Parent, Inc. will post -1.11 EPS for the current year.

Frontier Communications Parent 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.