Carronade Capital Management LP Has $49.91 Million Stock Holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Carronade Capital Management LP grew its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 139.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,438,251 shares of the company's stock after acquiring an additional 836,630 shares during the quarter. Frontier Communications Parent accounts for 2.8% of Carronade Capital Management LP's portfolio, making the stock its 3rd biggest holding. Carronade Capital Management LP owned approximately 0.58% of Frontier Communications Parent worth $49,907,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Mariner LLC increased its stake in Frontier Communications Parent by 0.8% during the fourth quarter. Mariner LLC now owns 37,731 shares of the company's stock worth $1,309,000 after acquiring an additional 301 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Frontier Communications Parent by 0.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 45,105 shares of the company's stock valued at $1,565,000 after purchasing an additional 344 shares during the last quarter. Franklin Resources Inc. raised its holdings in Frontier Communications Parent by 0.8% during the 3rd 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. CIBC Asset Management Inc lifted its position in Frontier Communications Parent by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 7,567 shares of the company's stock worth $263,000 after buying an additional 377 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake 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 buying an additional 425 shares during the period.

Frontier Communications Parent Trading Up 0.0 %

Shares of Frontier Communications Parent stock traded up $0.01 on Friday, hitting $36.53. 1,242,750 shares of the company traded hands, compared to its average volume of 2,692,052. 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 company has a market cap of $9.14 billion, a PE ratio of -28.32 and a beta of 1.01. The stock's 50 day moving average price is $36.00 and its 200-day moving average price is $35.51. Frontier Communications Parent, Inc. has a 52 week low of $24.43 and a 52 week high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last issued its 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. 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 analyst estimates of $1.51 billion. The firm's revenue for the quarter was up 3.5% on a year-over-year basis. Equities research analysts predict that Frontier Communications Parent, Inc. will post -1.11 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Benchmark reissued a "hold" rating on shares of Frontier Communications Parent in a research note on Tuesday, February 25th. New Street Research lowered shares of Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 21st. Finally, Raymond James lowered 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 issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Frontier Communications Parent has a consensus rating of "Hold" and a consensus target price of $36.07.

Insider Buying and Selling

In other Frontier Communications Parent news, EVP John Harrobin sold 36,000 shares of the stock in a transaction on 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 sale, the executive vice president now owns 76,523 shares of the company's stock, valued at approximately $2,755,593.23. This trade represents a 31.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is owned by insiders.

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.