Kovitz Investment Group Partners LLC Makes New $495,000 Investment in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Kovitz Investment Group Partners LLC purchased a new position in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,259 shares of the company's stock, valued at approximately $495,000.

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

Analyst Ratings Changes

FYBR has been the subject of several research analyst reports. Benchmark reaffirmed a "hold" rating on shares of Frontier Communications Parent in a research note on Tuesday, February 25th. New Street Research cut shares of Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 21st. Finally, Raymond James lowered shares of Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $36.07.

Insider Activity at Frontier Communications Parent

In other Frontier Communications Parent news, EVP John Harrobin sold 36,000 shares of the company's 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 owns 76,523 shares in the company, valued at approximately $2,755,593.23. This represents a 31.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is owned by insiders.

Frontier Communications Parent Trading Down 0.2 %

NASDAQ FYBR traded down $0.06 during trading on Tuesday, hitting $36.49. The company had a trading volume of 709,126 shares, compared to its average volume of 2,679,993. The company's fifty day moving average is $35.95 and its 200-day moving average is $35.49. The company has a market cap of $9.13 billion, a price-to-earnings ratio of -28.28 and a beta of 1.01. 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, Inc. has a one year low of $24.43 and a one year high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported ($0.26) earnings per share for the quarter, topping analysts' consensus estimates of ($0.33) by $0.07. Frontier Communications Parent had a negative net margin of 5.42% and a negative return on equity of 6.25%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.51 billion. Frontier Communications Parent's quarterly revenue was up 3.5% compared to the same quarter last year. On average, sell-side analysts predict that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current year.

Frontier Communications Parent Company 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.