Duality Advisers LP Boosts Stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Duality Advisers LP raised its holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 66.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 60,450 shares of the company’s stock after acquiring an additional 24,068 shares during the period. Duality Advisers LP’s holdings in Frontier Communications Parent were worth $1,532,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CI Investments Inc. lifted its stake in shares of Frontier Communications Parent by 48.3% in the 3rd quarter. CI Investments Inc. now owns 385,383 shares of the company’s stock valued at $6,031,000 after purchasing an additional 125,525 shares during the last quarter. Mackenzie Financial Corp increased its position in shares of Frontier Communications Parent by 62.8% during the fourth quarter. Mackenzie Financial Corp now owns 583,940 shares of the company’s stock valued at $14,797,000 after acquiring an additional 225,293 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Frontier Communications Parent by 0.5% during the third quarter. Vanguard Group Inc. now owns 23,827,853 shares of the company’s stock valued at $372,906,000 after acquiring an additional 118,939 shares during the last quarter. Tudor Investment Corp Et Al raised its stake in shares of Frontier Communications Parent by 63.4% in the 3rd quarter. Tudor Investment Corp Et Al now owns 363,204 shares of the company’s stock valued at $5,684,000 after acquiring an additional 140,943 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of Frontier Communications Parent by 83.9% in the 3rd quarter. American Century Companies Inc. now owns 1,545,063 shares of the company’s stock worth $24,180,000 after acquiring an additional 704,857 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Bank of America assumed coverage on Frontier Communications Parent in a report on Tuesday, April 9th. They set a “buy” rating and a $30.00 target price for the company. Citigroup raised Frontier Communications Parent from a “neutral” rating to a “buy” rating and increased their target price for the company from $28.00 to $30.00 in a report on Monday, April 15th. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $27.43.

Frontier Communications Parent Stock Performance

Shares of FYBR stock opened at $21.80 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 2.13. Frontier Communications Parent, Inc. has a 1-year low of $11.65 and a 1-year high of $25.89. The stock’s fifty day simple moving average is $23.41 and its 200-day simple moving average is $22.33. The company has a market capitalization of $5.42 billion, a price-to-earnings ratio of 181.67 and a beta of 1.05.

Frontier Communications Parent (NASDAQ:FYBR) last posted its earnings results on Friday, February 23rd. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Frontier Communications Parent had a net margin of 0.50% and a return on equity of 0.56%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.63 earnings per share. On average, sell-side analysts predict that Frontier Communications Parent, Inc. will post -0.44 earnings per share for the current fiscal year.

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.