Brevan Howard Capital Management LP Makes New Investment in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Brevan Howard Capital Management LP purchased a new stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 407,000 shares of the company's stock, valued at approximately $14,123,000. Brevan Howard Capital Management LP owned about 0.16% of Frontier Communications Parent as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC boosted its stake in shares of Frontier Communications Parent by 39.7% during the 3rd quarter. Barclays PLC now owns 99,969 shares of the company's stock worth $3,553,000 after acquiring an additional 28,417 shares during the period. Franklin Resources Inc. boosted its stake in shares of Frontier Communications Parent by 0.8% in the third quarter. Franklin Resources Inc. now owns 45,059 shares of the company's stock valued at $1,588,000 after buying an additional 372 shares during the period. Everence Capital Management Inc. acquired a new stake in shares of Frontier Communications Parent during the 4th quarter worth $261,000. Wedmont Private Capital increased its holdings in Frontier Communications Parent by 82.3% in the 4th quarter. Wedmont Private Capital now owns 27,882 shares of the company's stock valued at $979,000 after buying an additional 12,590 shares during the period. Finally, UMB Bank n.a. raised its position in Frontier Communications Parent by 68.0% during the fourth quarter. UMB Bank n.a. now owns 1,050 shares of the company's stock valued at $36,000 after purchasing an additional 425 shares in the last quarter.

Frontier Communications Parent Stock Up 0.0 %

Shares of NASDAQ:FYBR traded up $0.01 during trading on Friday, reaching $36.53. 1,242,750 shares of the stock were exchanged, compared to its average volume of 2,684,477. Frontier Communications Parent, Inc. has a 1-year low of $24.43 and a 1-year high of $39.21. The stock has a fifty day moving average of $36.00 and a two-hundred day moving average of $35.51. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market cap of $9.14 billion, a price-to-earnings ratio of -28.32 and a beta of 1.01.

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

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Frontier Communications Parent

In other news, EVP John Harrobin sold 36,000 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president now owns 76,523 shares in the company, valued at $2,755,593.23. This represents a 31.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.60% of the company's stock.

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.