Anson Funds Management LP Invests $3.57 Million in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Anson Funds Management LP acquired a new stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 102,892 shares of the company's stock, valued at approximately $3,570,000.

Other large investors have also bought and sold shares of the company. Mariner LLC boosted its holdings in shares of Frontier Communications Parent by 0.8% in the fourth quarter. Mariner LLC now owns 37,731 shares of the company's stock valued at $1,309,000 after buying an additional 301 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Frontier Communications Parent by 0.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 45,105 shares of the company's stock valued at $1,565,000 after purchasing an additional 344 shares during the period. Franklin Resources Inc. boosted its position in shares of 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 during the period. CIBC Asset Management Inc grew its holdings in shares of 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 in the last quarter. Finally, UMB Bank n.a. raised its position in Frontier Communications Parent by 68.0% in 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 during the last quarter.

Insider Transactions at Frontier Communications Parent

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

Frontier Communications Parent Stock Performance

NASDAQ:FYBR traded down $0.03 during mid-day trading on Wednesday, hitting $36.48. The stock had a trading volume of 1,392,823 shares, compared to its average volume of 2,678,414. The company's 50 day simple moving average is $35.96 and its 200 day simple moving average is $35.49. The stock 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 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 twelve month low of $24.43 and a twelve month high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.33) by $0.07. Frontier Communications Parent had a negative return on equity of 6.25% and a negative net margin of 5.42%. The company had revenue of $1.51 billion during 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, equities research analysts forecast that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on FYBR shares. New Street Research downgraded shares of Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a report on Friday, February 21st. Raymond James downgraded shares of Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a research note on Thursday, February 6th. Finally, Benchmark reaffirmed a "hold" rating on shares of Frontier Communications Parent in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average 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.