BNP Paribas Financial Markets Makes New $970,000 Investment in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

BNP Paribas Financial Markets purchased a new stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 27,968 shares of the company's stock, valued at approximately $970,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Mariner LLC increased its stake in Frontier Communications Parent by 0.8% during the 4th quarter. Mariner LLC now owns 37,731 shares of the company's stock worth $1,309,000 after buying an additional 301 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in 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 buying an additional 344 shares in the last quarter. CIBC Asset Management Inc increased its stake in Frontier Communications Parent by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 7,567 shares of the company's stock worth $263,000 after buying an additional 377 shares in the last quarter. UMB Bank n.a. increased its stake in Frontier Communications Parent by 68.0% during the 4th quarter. UMB Bank n.a. now owns 1,050 shares of the company's stock worth $36,000 after buying an additional 425 shares in the last quarter. Finally, Natixis Advisors LLC increased its stake in Frontier Communications Parent by 2.5% during the 4th quarter. Natixis Advisors LLC now owns 19,324 shares of the company's stock worth $671,000 after buying an additional 473 shares in the last quarter.

Insider Activity at Frontier Communications Parent

In related news, EVP John Harrobin sold 36,000 shares of the company's stock in a transaction that occurred 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 directly owns 76,523 shares in the company, valued at approximately $2,755,593.23. This represents a 31.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

Frontier Communications Parent Price Performance

Shares of Frontier Communications Parent stock traded up $0.03 on Monday, hitting $36.68. 1,901,102 shares of the company were exchanged, compared to its average volume of 2,769,091. The stock has a market capitalization of $9.18 billion, a price-to-earnings ratio of -28.43 and a beta of 1.01. The company has a 50-day moving average price of $36.17 and a 200 day moving average price of $35.60. Frontier Communications Parent, Inc. has a 1-year low of $24.43 and a 1-year high of $39.21. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.28.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported ($0.26) EPS for the quarter, beating analysts' consensus estimates of ($0.33) by $0.07. Frontier Communications Parent had a negative return on equity of 6.25% and a negative net margin of 5.42%. The firm had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.51 billion. Frontier Communications Parent's quarterly 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 earnings per share for the current fiscal year.

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.