Frontier Communications Parent, Inc. (NASDAQ:FYBR) Shares Bought by Centiva Capital LP

Centiva Capital LP increased its holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 227.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 514,183 shares of the company's stock after acquiring an additional 357,185 shares during the quarter. Frontier Communications Parent comprises about 0.4% of Centiva Capital LP's investment portfolio, making the stock its 11th biggest holding. Centiva Capital LP owned about 0.21% of Frontier Communications Parent worth $17,842,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of FYBR. Norges Bank bought a new position in shares of Frontier Communications Parent during the fourth quarter valued at $191,247,000. Tudor Investment Corp ET AL purchased a new position in Frontier Communications Parent during the fourth quarter valued at approximately $114,555,000. Adage Capital Partners GP L.L.C. raised its holdings in Frontier Communications Parent by 472.7% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 3,149,714 shares of the company's stock valued at $109,295,000 after acquiring an additional 2,599,714 shares during the period. FIL Ltd purchased a new position in Frontier Communications Parent in the 4th quarter worth approximately $49,228,000. Finally, Alliancebernstein L.P. lifted its stake in Frontier Communications Parent by 411.3% in the 4th quarter. Alliancebernstein L.P. now owns 1,560,375 shares of the company's stock worth $54,145,000 after purchasing an additional 1,255,180 shares in the last quarter.

Frontier Communications Parent Trading Up 0.0 %

NASDAQ:FYBR traded up $0.01 during midday trading on Friday, hitting $36.53. 1,242,750 shares of the company traded hands, compared to its average volume of 2,692,052. The firm has a market capitalization of $9.14 billion, a P/E ratio of -28.32 and a beta of 1.01. Frontier Communications Parent, Inc. has a 12-month low of $24.43 and a 12-month high of $39.21. The firm's fifty day moving average is $36.00 and its 200-day moving average is $35.51. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.28.

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 (EPS) for the quarter, beating analysts' consensus estimates of ($0.33) by $0.07. Frontier Communications Parent had a negative net margin of 5.42% and a negative return on equity of 6.25%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.51 billion. The firm's quarterly revenue was up 3.5% compared to the same quarter last year. On average, sell-side analysts predict that Frontier Communications Parent, Inc. will post -1.11 EPS for the current year.

Analyst Upgrades and Downgrades

FYBR has been the subject of a number of research analyst reports. Raymond James lowered Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a research report on Thursday, February 6th. New Street Research downgraded Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 21st. Finally, Benchmark reaffirmed a "hold" rating on shares of Frontier Communications Parent in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $36.07.

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 on Monday, March 3rd. The shares were 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 directly owns 76,523 shares of the company's stock, valued at $2,755,593.23. The trade was a 31.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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.