CIBRA Capital Ltd Makes New Investment in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

CIBRA Capital Ltd acquired a new position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 346,437 shares of the company's stock, valued at approximately $12,021,000. Frontier Communications Parent makes up about 8.2% of CIBRA Capital Ltd's investment portfolio, making the stock its 4th biggest holding. CIBRA Capital Ltd owned approximately 0.14% of Frontier Communications Parent as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of FYBR. Barclays PLC grew its holdings in shares of Frontier Communications Parent by 39.7% during the 3rd quarter. Barclays PLC now owns 99,969 shares of the company's stock worth $3,553,000 after purchasing an additional 28,417 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Frontier Communications Parent by 36.8% during the 4th quarter. Blue Trust Inc. now owns 5,883 shares of the company's stock worth $209,000 after purchasing an additional 1,581 shares in the last quarter. KBC Group NV grew its holdings in shares of Frontier Communications Parent by 68.3% during the 4th quarter. KBC Group NV now owns 8,456 shares of the company's stock worth $293,000 after purchasing an additional 3,431 shares in the last quarter. R Squared Ltd bought a new position in shares of Frontier Communications Parent during the 4th quarter worth approximately $363,000. Finally, Tokio Marine Asset Management Co. Ltd. bought a new position in shares of Frontier Communications Parent during the 4th quarter worth approximately $9,948,000.

Insider Buying and Selling

In related news, EVP John Harrobin sold 36,000 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 76,523 shares of the company's stock, valued at approximately $2,755,593.23. This represents a 31.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is owned by company insiders.

Frontier Communications Parent Stock Down 0.7%

NASDAQ FYBR traded down $0.26 during trading hours on Friday, reaching $36.21. 15,819,589 shares of the company's stock were exchanged, compared to its average volume of 2,900,955. The company's 50-day moving average is $36.21 and its two-hundred day moving average is $35.62. Frontier Communications Parent, Inc. has a one year low of $24.43 and a one year high of $39.21. 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 capitalization of $9.06 billion, a price-to-earnings ratio of -28.07 and a beta of 1.01.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported ($0.26) earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.51 billion. Frontier Communications Parent's revenue was up 3.5% on a year-over-year basis. On average, analysts forecast that Frontier Communications Parent, Inc. will post -1.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on FYBR shares. Raymond James downgraded Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a research report on Thursday, February 6th. New Street Research downgraded Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 21st. Finally, Benchmark restated 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 issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target 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.