Cantor Fitzgerald L. P. Acquires New Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Cantor Fitzgerald L. P. bought a new position 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 SEC. The fund bought 85,726 shares of the company's stock, valued at approximately $2,975,000.

A number of other large investors have also modified their holdings of the business. Barclays PLC lifted its holdings in Frontier Communications Parent by 39.7% in the third 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 during the period. Franklin Resources Inc. increased its holdings in 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 in the last quarter. Everence Capital Management Inc. purchased a new stake in shares of Frontier Communications Parent during the 4th quarter worth approximately $261,000. Wedmont Private Capital grew 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 acquiring an additional 12,590 shares during the period. Finally, UMB Bank n.a. raised its holdings 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 worth $36,000 after purchasing an additional 425 shares during the last quarter.

Insider Buying and Selling at Frontier Communications Parent

In other news, EVP John Harrobin sold 36,000 shares of the business's stock in a transaction dated 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 completion of the sale, the executive vice president now owns 76,523 shares in the company, valued at approximately $2,755,593.23. The trade was a 31.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by company insiders.

Frontier Communications Parent Trading Up 0.2 %

NASDAQ FYBR opened at $36.50 on Monday. Frontier Communications Parent, Inc. has a 12 month low of $24.43 and a 12 month high of $39.21. The company has a 50-day moving average of $35.94 and a 200-day moving average of $35.48. The company has a market cap of $9.13 billion, a P/E ratio of -28.29 and a beta of 1.01. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.77 and a quick ratio of 0.77.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported ($0.26) earnings per share for the quarter, beating analysts' consensus estimates of ($0.33) by $0.07. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates 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 company's revenue for the quarter was up 3.5% on a year-over-year basis. As a group, equities analysts predict that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. New Street Research downgraded Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 21st. Benchmark restated a "hold" rating on shares of Frontier Communications Parent in a research report on Tuesday, February 25th. 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 research analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $36.07.

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.

Want to see what other hedge funds are holding FYBR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.