Css LLC Il Buys New Stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

CSS LLC IL bought a new position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,300 shares of the company's stock, valued at approximately $392,000.

Several other hedge funds have also recently modified their holdings of the stock. Mariner LLC boosted its position 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 boosted its holdings 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 worth $1,565,000 after purchasing an additional 344 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of Frontier Communications Parent by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 7,567 shares of the company's stock valued at $263,000 after purchasing an additional 377 shares in the last quarter. Vident Advisory LLC increased its holdings in shares of Frontier Communications Parent by 3.8% in the fourth quarter. Vident Advisory LLC now owns 10,726 shares of the company's stock valued at $372,000 after purchasing an additional 390 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of Frontier Communications Parent by 68.0% in the fourth quarter. UMB Bank n.a. now owns 1,050 shares of the company's stock valued at $36,000 after purchasing an additional 425 shares during the last quarter.

Insider Transactions at Frontier Communications Parent

In related news, EVP John Harrobin sold 36,000 shares of the business's 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 completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.60% of the company's stock.

Frontier Communications Parent Trading Down 0.3%

Shares of NASDAQ FYBR traded down $0.12 during trading on Wednesday, reaching $36.50. The stock had a trading volume of 5,706,987 shares, compared to its average volume of 2,799,568. 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 company has a market cap of $9.13 billion, a P/E ratio of -28.30 and a beta of 1.01. Frontier Communications Parent, Inc. has a fifty-two week low of $24.43 and a fifty-two week high of $39.21. The business's 50-day moving average price is $36.18 and its 200-day moving average price is $35.60.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last announced its quarterly earnings data 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 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 analysts' expectations of $1.51 billion. The company's revenue for the quarter was up 3.5% compared to the same quarter last year. On average, equities research analysts predict that Frontier Communications Parent, Inc. will post -1.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FYBR has been the topic of several recent research reports. 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. Benchmark reiterated a "hold" rating on shares of Frontier Communications Parent in a research report on Tuesday, February 25th. Finally, Raymond James downgraded Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $36.07.

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.