CIBRA Capital Ltd Takes Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

CIBRA Capital Ltd purchased a new stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 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 0.14% of Frontier Communications Parent at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Frontier Communications Parent by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 24,277,017 shares of the company's stock worth $842,412,000 after buying an additional 303,545 shares in the last quarter. Norges Bank purchased a new stake in shares of Frontier Communications Parent in the fourth quarter valued at about $191,247,000. Tudor Investment Corp ET AL purchased a new stake in shares of Frontier Communications Parent in the fourth quarter valued at about $114,555,000. Adage Capital Partners GP L.L.C. grew its position in shares of Frontier Communications Parent by 472.7% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 3,149,714 shares of the company's stock valued at $109,295,000 after purchasing an additional 2,599,714 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Frontier Communications Parent by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,323,203 shares of the company's stock worth $80,615,000 after purchasing an additional 12,251 shares in the last quarter.

Analyst Upgrades and Downgrades

FYBR has been the topic of a number of recent research reports. Benchmark reaffirmed a "hold" rating on shares of Frontier Communications Parent in a research note on Tuesday, February 25th. Raymond James downgraded shares of Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a research note 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 research analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $36.07.

Insider Transactions at Frontier Communications Parent

In related news, EVP John Harrobin sold 36,000 shares of Frontier Communications Parent stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $36.01, for a total transaction of $1,296,360.00. Following the transaction, the executive vice president now owns 76,523 shares in the company, valued at approximately $2,755,593.23. The trade was a 31.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.60% of the company's stock.

Frontier Communications Parent Trading Down 0.7%

FYBR stock traded down $0.26 on Friday, hitting $36.21. 15,819,589 shares of the company were exchanged, compared to its average volume of 2,905,148. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.77 and a quick ratio of 0.77. The stock 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, Inc. has a twelve month low of $24.43 and a twelve month high of $39.21. The business's fifty day moving average is $36.22 and its two-hundred day moving average is $35.65.

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, 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 the consensus estimate of $1.51 billion. The firm's revenue was up 3.5% on a year-over-year basis. As a group, research analysts forecast that Frontier Communications Parent, Inc. will post -1.11 earnings per share 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.