Cigogne Management SA Buys New Stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Cigogne Management SA bought a new position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 147,405 shares of the company's stock, valued at approximately $5,115,000. Frontier Communications Parent accounts for about 3.0% of Cigogne Management SA's investment portfolio, making the stock its 6th largest holding. Cigogne Management SA owned approximately 0.06% of Frontier Communications Parent at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. raised 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 purchasing an additional 425 shares during the period. Russell Investments Group Ltd. increased its position 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 valued at $177,000 after acquiring an additional 1,399 shares during the last quarter. Blue Trust Inc. increased its position in shares of Frontier Communications Parent by 36.8% during the fourth quarter. Blue Trust Inc. now owns 5,883 shares of the company's stock valued at $209,000 after acquiring an additional 1,581 shares during the last quarter. Impact Partnership Wealth LLC acquired a new stake in shares of Frontier Communications Parent during the fourth quarter valued at about $228,000. Finally, Vestcor Inc acquired a new stake in shares of Frontier Communications Parent during the fourth quarter valued at about $234,000.

Wall Street Analysts Forecast Growth

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

Frontier Communications Parent Stock Up 0.0 %

Shares of Frontier Communications Parent stock traded up $0.02 during trading hours on Tuesday, reaching $36.27. 352,876 shares of the company were exchanged, compared to its average volume of 2,667,078. Frontier Communications Parent, Inc. has a 1 year low of $22.80 and a 1 year high of $39.21. The stock's fifty day moving average is $35.89 and its 200 day moving average is $35.46. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a market cap of $9.07 billion, a PE ratio of -28.11 and a beta of 1.01.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.47) earnings per share for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.28). The company had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.47 billion. Frontier Communications Parent had a negative return on equity of 6.25% and a negative net margin of 5.42%. As a group, equities research analysts forecast that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current year.

Insider Activity at Frontier Communications Parent

In related 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 value of $1,296,360.00. Following the transaction, the executive vice president now owns 76,523 shares of the company's stock, valued at $2,755,593.23. This represents a 31.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

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.