FNY Investment Advisers LLC Raises Stock Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

FNY Investment Advisers LLC raised its holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 181.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,050 shares of the company's stock after purchasing an additional 36,124 shares during the period. Frontier Communications Parent accounts for approximately 1.2% of FNY Investment Advisers LLC's portfolio, making the stock its 17th largest holding. FNY Investment Advisers LLC's holdings in Frontier Communications Parent were worth $2,009,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Mariner LLC lifted its holdings in shares of Frontier Communications Parent by 0.8% in the fourth quarter. Mariner LLC now owns 37,731 shares of the company's stock valued at $1,309,000 after purchasing an additional 301 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Frontier Communications Parent by 15.4% in the first quarter. Fifth Third Bancorp now owns 2,424 shares of the company's stock valued at $87,000 after purchasing an additional 323 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Frontier Communications Parent by 0.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 45,105 shares of the company's stock valued at $1,565,000 after purchasing an additional 344 shares in the last quarter. CIBC Asset Management Inc lifted its holdings 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. Finally, Vident Advisory LLC lifted 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 in the last quarter.

Frontier Communications Parent Stock Performance

Shares of Frontier Communications Parent stock traded down $0.02 during trading hours on Tuesday, hitting $36.21. The company's stock had a trading volume of 2,186,201 shares, compared to its average volume of 2,985,065. The business has a fifty day moving average of $36.32 and a 200 day moving average of $35.76. Frontier Communications Parent, Inc. has a 1-year low of $24.43 and a 1-year high of $39.21. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.42 and a quick ratio of 0.42.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last issued its earnings results 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 net margin of 6.47% and a negative return on equity of 7.73%. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.51 billion. The business's quarterly revenue was up 3.5% on a year-over-year basis. On average, equities research analysts predict that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on FYBR shares. New Street Research downgraded shares of Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 21st. Benchmark reissued a "hold" rating on shares of Frontier Communications Parent in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average 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.