11,300 Shares in Frontier Communications Parent, Inc. (NASDAQ:FYBR) Bought by Css LLC Il

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 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,300 shares of the company's stock, valued at approximately $392,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. New York Life Investment Management LLC bought a new position in shares of Frontier Communications Parent during the fourth quarter worth $9,148,000. Tokio Marine Asset Management Co. Ltd. bought a new position in Frontier Communications Parent during the fourth quarter valued at $9,948,000. Raymond James Financial Inc. bought a new position in Frontier Communications Parent during the fourth quarter valued at $2,065,000. Hudson Bay Capital Management LP lifted its position in Frontier Communications Parent by 60.6% during the fourth quarter. Hudson Bay Capital Management LP now owns 532,999 shares of the company's stock valued at $18,495,000 after purchasing an additional 201,047 shares during the last quarter. Finally, Alpine Associates Management Inc. lifted its position in Frontier Communications Parent by 275.9% during the fourth quarter. Alpine Associates Management Inc. now owns 1,042,630 shares of the company's stock valued at $36,179,000 after purchasing an additional 765,250 shares during the last quarter.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, EVP John Harrobin sold 36,000 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president now owns 76,523 shares of the company's stock, valued at $2,755,593.23. This trade represents a 31.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.60% of the stock is currently owned by insiders.

Frontier Communications Parent Trading Down 0.3%

Shares of FYBR opened at $36.65 on Friday. Frontier Communications Parent, Inc. has a twelve month low of $24.43 and a twelve month high of $39.21. The company has a market cap of $9.17 billion, a P/E ratio of -28.41 and a beta of 1.01. 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's fifty day simple moving average is $36.13 and its 200-day simple moving average is $35.56.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported ($0.26) earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.51 billion. The company's quarterly revenue was up 3.5% on a year-over-year basis. As a group, analysts expect that Frontier Communications Parent, Inc. will post -1.11 EPS for the current year.

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.

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