Dark Forest Capital Management LP Takes Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Dark Forest Capital Management LP bought a new stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,905 shares of the company's stock, valued at approximately $309,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Frontier Communications Parent by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 24,277,017 shares of the company's stock worth $842,412,000 after acquiring an additional 303,545 shares during the last quarter. Norges Bank bought a new position in Frontier Communications Parent in the fourth quarter worth about $191,247,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Frontier Communications Parent by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,323,203 shares of the company's stock valued at $80,615,000 after purchasing an additional 12,251 shares during the last quarter. Magnetar Financial LLC raised its position in shares of Frontier Communications Parent by 37.7% during the 4th quarter. Magnetar Financial LLC now owns 1,813,443 shares of the company's stock worth $62,926,000 after purchasing an additional 496,750 shares during the period. Finally, Quinn Opportunity Partners LLC lifted its holdings in shares of Frontier Communications Parent by 19.0% in the 4th quarter. Quinn Opportunity Partners LLC now owns 1,569,519 shares of the company's stock worth $54,462,000 after purchasing an additional 250,050 shares during the last quarter.

Insider Transactions at Frontier Communications Parent

In other Frontier Communications Parent news, EVP John Harrobin sold 36,000 shares of the firm's stock in a transaction on 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 $2,755,593.23. This trade represents a 31.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.40% of the company's stock.

Frontier Communications Parent Stock Up 0.2 %

NASDAQ FYBR traded up $0.09 during trading on Friday, hitting $36.50. 2,456,042 shares of the company traded hands, compared to its average volume of 2,682,319. The business has a fifty day simple moving average of $35.92 and a 200 day simple moving average of $35.48. 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, Inc. has a 12 month low of $23.24 and a 12 month high of $39.21. The company has a market capitalization of $9.13 billion, a P/E ratio of -28.29 and a beta of 1.01.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported ($0.26) earnings per share for the quarter, topping analysts' consensus estimates of ($0.33) by $0.07. The business had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.51 billion. Frontier Communications Parent had a negative net margin of 5.42% and a negative return on equity of 6.25%. Frontier Communications Parent's revenue was up 3.5% compared to the same quarter last year. As a group, sell-side analysts predict that Frontier Communications Parent, Inc. will post -1.11 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on FYBR. New Street Research lowered Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 21st. Raymond James lowered shares of Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a research note 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 investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $36.07.

About Frontier Communications Parent

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.