Cantor Fitzgerald L. P. Makes New $2.98 Million Investment in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Cantor Fitzgerald L. P. acquired a new position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 85,726 shares of the company's stock, valued at approximately $2,975,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. increased its position in shares of 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 in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Frontier Communications Parent by 37.9% during the fourth quarter. Russell Investments Group Ltd. now owns 5,091 shares of the company's stock worth $177,000 after buying an additional 1,399 shares in the last quarter. Blue Trust Inc. raised its position in shares of Frontier Communications Parent by 36.8% in the fourth quarter. Blue Trust Inc. now owns 5,883 shares of the company's stock valued at $209,000 after buying an additional 1,581 shares during the last quarter. Impact Partnership Wealth LLC purchased a new position in shares of Frontier Communications Parent in the fourth quarter worth about $228,000. Finally, Vestcor Inc acquired a new position in Frontier Communications Parent during the fourth quarter worth about $234,000.

Insiders Place Their Bets

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 value of $1,296,360.00. Following the completion of the sale, the executive vice president now directly owns 76,523 shares of the company's stock, valued at approximately $2,755,593.23. The trade was a 31.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.60% of the stock is owned by corporate insiders.

Frontier Communications Parent Stock Up 0.0 %

Shares of FYBR traded up $0.01 during mid-day trading on Friday, hitting $36.53. 1,242,750 shares of the company's stock were exchanged, compared to its average volume of 2,692,052. Frontier Communications Parent, Inc. has a fifty-two week low of $24.43 and a fifty-two week high of $39.21. The stock's 50-day moving average is $36.00 and its 200-day moving average is $35.51. The company has a market cap of $9.14 billion, a price-to-earnings ratio of -28.32 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 (NASDAQ:FYBR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported ($0.26) EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. The firm's quarterly revenue was up 3.5% on a year-over-year basis. On average, sell-side analysts anticipate that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FYBR has been the subject of a number of recent research reports. 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 cut Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a report on Thursday, February 6th. Finally, Benchmark reissued a "hold" rating on shares of Frontier Communications Parent in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus 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.