Frontier Communications Parent, Inc. (NASDAQ:FYBR) Shares Sold by Capital International Investors

Capital International Investors decreased its position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 63.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,926,764 shares of the company's stock after selling 4,981,717 shares during the period. Capital International Investors owned 1.18% of Frontier Communications Parent worth $101,559,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in FYBR. GABELLI & Co INVESTMENT ADVISERS INC. raised its position in shares of Frontier Communications Parent by 944.6% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 529,100 shares of the company's stock valued at $18,360,000 after purchasing an additional 478,450 shares during the last quarter. Gamco Investors INC. ET AL acquired a new stake in Frontier Communications Parent during the fourth quarter valued at $1,811,000. Gabelli Funds LLC increased its stake in shares of Frontier Communications Parent by 325.8% in the 4th quarter. Gabelli Funds LLC now owns 569,230 shares of the company's stock valued at $19,752,000 after purchasing an additional 435,530 shares in the last quarter. Guggenheim Capital LLC lifted its position in shares of Frontier Communications Parent by 60.1% during the 4th quarter. Guggenheim Capital LLC now owns 25,858 shares of the company's stock valued at $897,000 after buying an additional 9,703 shares in the last quarter. Finally, XTX Topco Ltd raised its position in Frontier Communications Parent by 46.9% during the fourth quarter. XTX Topco Ltd now owns 25,558 shares of the company's stock worth $887,000 after acquiring an additional 8,161 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages have commented on FYBR. New Street Research cut Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a report on Friday, February 21st. Raymond James downgraded Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a research note on Thursday, February 6th. Finally, Benchmark reaffirmed a "hold" rating on shares of Frontier Communications Parent in a research note on Tuesday, February 25th. 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 MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $36.07.

Insider Activity

In related news, EVP John Harrobin sold 36,000 shares of the business's 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 sale, the executive vice president now directly 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 filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.40% of the company's stock.

Frontier Communications Parent Trading Down 0.0 %

Frontier Communications Parent stock traded down $0.02 during midday trading on Friday, hitting $36.20. 931,576 shares of the stock were exchanged, compared to its average volume of 2,664,939. 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 stock's 50-day simple moving average is $35.87 and its 200 day simple moving average is $35.45. Frontier Communications Parent, Inc. has a fifty-two week low of $21.85 and a fifty-two week high of $39.21. The stock has a market capitalization of $9.06 billion, a price-to-earnings ratio of -28.06 and a beta of 1.01.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.28). The firm had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.47 billion. Frontier Communications Parent had a negative net margin of 5.42% and a negative return on equity of 6.25%. On average, equities analysts anticipate that Frontier Communications Parent, Inc. will post -1.11 EPS for the current year.

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.