Brevan Howard Capital Management LP Takes Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Brevan Howard Capital Management LP purchased a new stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund 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 SEC.

Other large investors also recently made changes to their positions in the company. UMB Bank n.a. increased its stake in Frontier Communications Parent by 68.0% in 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 during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Frontier Communications Parent by 37.9% during the 4th quarter. Russell Investments Group Ltd. now owns 5,091 shares of the company's stock valued at $177,000 after acquiring an additional 1,399 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Frontier Communications Parent by 36.8% during the 4th quarter. Blue Trust Inc. now owns 5,883 shares of the company's stock worth $209,000 after acquiring an additional 1,581 shares during the period. Impact Partnership Wealth LLC acquired a new stake in shares of Frontier Communications Parent in the fourth quarter worth approximately $228,000. Finally, Vestcor Inc purchased a new stake in Frontier Communications Parent in the fourth quarter valued at approximately $234,000.

Insider Activity

In other Frontier Communications Parent news, EVP John Harrobin sold 36,000 shares of the business's stock in a transaction 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 transaction, the executive vice president now owns 76,523 shares in the company, valued at $2,755,593.23. The trade was a 31.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.40% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FYBR. Benchmark reaffirmed a "hold" rating on shares of Frontier Communications Parent in a research note on Tuesday, February 25th. New Street Research lowered Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 21st. Finally, Raymond James downgraded Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a research report 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 assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $36.07.

Frontier Communications Parent Stock Down 0.1 %

NASDAQ:FYBR traded down $0.03 during mid-day trading on Wednesday, hitting $36.48. The company had a trading volume of 1,392,823 shares, compared to its average volume of 2,681,897. Frontier Communications Parent, Inc. has a 1 year low of $24.43 and a 1 year high of $39.21. The business has a fifty day simple moving average of $35.97 and a 200-day simple moving average of $35.50. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.28. The firm has a market capitalization of $9.13 billion, a price-to-earnings ratio of -28.28 and a beta of 1.01.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last released its quarterly 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 firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.51 billion. The firm's revenue for the quarter was up 3.5% compared to the same quarter last year. Equities analysts forecast that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current fiscal year.

About Frontier Communications Parent

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.