Capital International Investors Decreases Stock Holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Capital International Investors lowered its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 63.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,926,764 shares of the company’s stock after selling 4,981,717 shares during the period. Capital International Investors owned approximately 1.18% of Frontier Communications Parent worth $101,559,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Barclays PLC grew its holdings in Frontier Communications Parent by 39.7% in the third quarter. Barclays PLC now owns 99,969 shares of the company’s stock worth $3,553,000 after purchasing an additional 28,417 shares during the last quarter. Franklin Resources Inc. increased its position in Frontier Communications Parent by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 45,059 shares of the company’s stock valued at $1,588,000 after buying an additional 372 shares in the last quarter. Everence Capital Management Inc. acquired a new position in Frontier Communications Parent during the 4th quarter valued at about $261,000. Wedmont Private Capital raised its stake in Frontier Communications Parent by 82.3% in the fourth quarter. Wedmont Private Capital now owns 27,882 shares of the company’s stock valued at $979,000 after buying an additional 12,590 shares during the last quarter. Finally, UMB Bank n.a. boosted 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 worth $36,000 after acquiring an additional 425 shares in the last quarter.

Frontier Communications Parent Stock Performance

NASDAQ FYBR opened at $36.11 on Friday. The firm has a market capitalization of $9.04 billion, a P/E ratio of -27.99 and a beta of 1.01. The stock has a 50-day simple moving average of $35.84 and a two-hundred day simple moving average of $35.43. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77. Frontier Communications Parent, Inc. has a fifty-two week low of $21.31 and a fifty-two week high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR) last released its quarterly earnings data on Thursday, February 20th. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.28). The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations 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, equities analysts forecast that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, EVP John Harrobin sold 36,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $36.01, for a total value of $1,296,360.00. Following the completion of the transaction, the executive vice president now owns 76,523 shares of the company’s stock, valued at approximately $2,755,593.23. This represents a 31.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.40% of the company’s stock.

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.