Aristeia Capital L.L.C. Has $69.46 Million Stock Holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Aristeia Capital L.L.C. boosted its holdings in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 152.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,001,788 shares of the company's stock after acquiring an additional 1,208,699 shares during the period. Frontier Communications Parent makes up approximately 2.3% of Aristeia Capital L.L.C.'s investment portfolio, making the stock its 11th largest holding. Aristeia Capital L.L.C. owned 0.80% of Frontier Communications Parent worth $69,462,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of FYBR. Absolute Gestao de Investimentos Ltda. acquired a new stake in shares of Frontier Communications Parent in the 4th quarter valued at $20,130,000. Bienville Capital Management LLC bought a new position in Frontier Communications Parent during the 4th quarter valued at $3,596,000. Nexpoint Asset Management L.P. boosted its holdings in shares of Frontier Communications Parent by 17.7% in the 4th quarter. Nexpoint Asset Management L.P. now owns 17,310 shares of the company's stock worth $601,000 after buying an additional 2,600 shares during the last quarter. One68 Global Capital LLC purchased a new stake in Frontier Communications Parent during the fourth quarter valued at about $3,807,000. Finally, Paloma Partners Management Co bought a new stake in shares of Frontier Communications Parent during the fourth quarter valued at about $2,047,000.

Insider Buying and Selling

In related 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 value 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 trade represents a 31.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.40% of the stock is owned by insiders.

Frontier Communications Parent Trading Up 0.1 %

Shares of FYBR traded up $0.03 during mid-day trading on Thursday, hitting $36.52. The company had a trading volume of 483,191 shares, compared to its average volume of 2,673,183. The stock has a market cap of $9.14 billion, a PE ratio of -28.31 and a beta of 1.01. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.28. Frontier Communications Parent, Inc. has a 1-year low of $24.43 and a 1-year high of $39.21. The business's 50-day simple moving average is $35.97 and its 200-day simple moving average is $35.50.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported ($0.26) EPS for the quarter, beating the consensus estimate 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 company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.51 billion. The business's revenue was up 3.5% compared to the same quarter last year. Sell-side analysts forecast that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FYBR. New Street Research cut shares of Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 21st. Benchmark reissued a "hold" rating on shares of Frontier Communications Parent in a research report on Tuesday, February 25th. Finally, Raymond James cut Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a research note on Thursday, February 6th. One equities research 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. According to data from MarketBeat.com, the company 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.