Frontier Communications Parent, Inc. (NASDAQ:FYBR) Shares Sold by Capital International Investors

Capital International Investors lowered its position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 63.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,926,764 shares of the company’s stock after selling 4,981,717 shares during the quarter. Capital International Investors’ holdings in Frontier Communications Parent were worth $101,559,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in FYBR. Vanguard Group Inc. raised its stake in Frontier Communications Parent by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 24,277,017 shares of the company’s stock valued at $842,412,000 after purchasing an additional 303,545 shares during the last quarter. Norges Bank acquired a new stake in shares of Frontier Communications Parent in the fourth quarter valued at about $191,247,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Frontier Communications Parent by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,323,203 shares of the company’s stock worth $80,615,000 after buying an additional 12,251 shares in the last quarter. Magnetar Financial LLC grew its stake in Frontier Communications Parent by 37.7% during the 4th quarter. Magnetar Financial LLC now owns 1,813,443 shares of the company’s stock valued at $62,926,000 after acquiring an additional 496,750 shares in the last quarter. Finally, Quinn Opportunity Partners LLC grew its stake in Frontier Communications Parent by 19.0% during the 4th quarter. Quinn Opportunity Partners LLC now owns 1,569,519 shares of the company’s stock valued at $54,462,000 after acquiring an additional 250,050 shares in the last quarter.

Insider Buying and Selling at Frontier Communications Parent

In other Frontier Communications Parent news, EVP John Harrobin sold 36,000 shares of the stock in a transaction that occurred on 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 sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is currently owned by corporate insiders.

Frontier Communications Parent Price Performance

Frontier Communications Parent stock opened at $36.11 on Friday. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market capitalization of $9.04 billion, a price-to-earnings ratio of -27.99 and a beta of 1.01. The company’s 50 day simple moving average is $35.84 and its 200-day simple moving average is $35.43. Frontier Communications Parent, Inc. has a 1 year low of $21.31 and a 1 year high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.47) 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 return on equity of 6.25% and a negative net margin of 5.42%. As a group, equities research analysts expect that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on FYBR shares. New Street Research cut Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Friday, February 21st. Benchmark restated a “hold” rating on shares of Frontier Communications Parent in a report on Tuesday, February 25th. Finally, Raymond James lowered Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a report on Thursday, February 6th. One 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, Frontier Communications Parent presently has a consensus rating of “Hold” and a consensus price target of $36.07.

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.