Frontier Communications Parent, Inc. (NASDAQ:FYBR) Shares Bought by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC grew its holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 29.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,012 shares of the company’s stock after buying an additional 2,985 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Frontier Communications Parent were worth $452,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund boosted its position in shares of Frontier Communications Parent by 0.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 45,105 shares of the company’s stock worth $1,565,000 after purchasing an additional 344 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Frontier Communications Parent by 0.8% during the third quarter. Franklin Resources Inc. now owns 45,059 shares of the company’s stock worth $1,588,000 after buying an additional 372 shares in the last quarter. CIBC Asset Management Inc grew its position in Frontier Communications Parent by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 7,567 shares of the company’s stock worth $263,000 after buying an additional 377 shares during the period. UMB Bank n.a. increased its holdings in Frontier Communications Parent by 68.0% in the fourth 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. Finally, Natixis Advisors LLC lifted its position in shares of Frontier Communications Parent by 2.5% during the 4th quarter. Natixis Advisors LLC now owns 19,324 shares of the company’s stock valued at $671,000 after acquiring an additional 473 shares during the period.

Insider Transactions at Frontier Communications Parent

In related news, EVP John Harrobin sold 36,000 shares of the stock in a transaction dated Monday, March 3rd. The stock was 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 approximately $2,755,593.23. This represents a 31.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.40% of the company’s stock.

Frontier Communications Parent Price Performance

NASDAQ:FYBR opened at $35.94 on Friday. Frontier Communications Parent, Inc. has a 12-month low of $21.31 and a 12-month high of $39.21. The firm has a market cap of $8.97 billion, a price-to-earnings ratio of -27.86 and a beta of 1.01. The company’s 50-day moving average is $35.82 and its two-hundred day moving average is $35.41. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.28.

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 for the quarter, compared to analysts’ expectations of $1.47 billion. Frontier Communications Parent had a negative net margin of 5.42% and a negative return on equity of 6.25%. Research analysts expect that Frontier Communications Parent, Inc. will post -1.11 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FYBR. New Street Research cut Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Friday, February 21st. Raymond James lowered Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a report on Thursday, February 6th. Finally, Benchmark reaffirmed a “hold” rating on shares of Frontier Communications Parent in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $36.07.

About Frontier Communications Parent

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.