GAMMA Investing LLC Buys 105,646 Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR)

GAMMA Investing LLC grew its holdings in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 3,829.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 108,405 shares of the company's stock after acquiring an additional 105,646 shares during the quarter. GAMMA Investing LLC's holdings in Frontier Communications Parent were worth $3,887,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Lazard Asset Management LLC purchased a new position in shares of Frontier Communications Parent during the fourth quarter worth approximately $76,000. Russell Investments Group Ltd. increased its stake in shares of Frontier Communications Parent by 37.9% in the fourth quarter. Russell Investments Group Ltd. now owns 5,091 shares of the company's stock worth $177,000 after buying an additional 1,399 shares during the period. Blue Trust Inc. increased its stake in shares of Frontier Communications Parent by 36.8% in the fourth quarter. Blue Trust Inc. now owns 5,883 shares of the company's stock worth $209,000 after buying an additional 1,581 shares during the period. Vestcor Inc purchased a new position in shares of Frontier Communications Parent in the fourth quarter worth $234,000. Finally, LPL Financial LLC increased its stake in shares of Frontier Communications Parent by 17.9% in the fourth quarter. LPL Financial LLC now owns 7,027 shares of the company's stock worth $244,000 after buying an additional 1,066 shares during the period.

Analyst Ratings Changes

FYBR has been the topic of several analyst reports. 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 report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Frontier Communications Parent presently has a consensus rating of "Hold" and an average target price of $36.07.

Frontier Communications Parent Price Performance

Shares of NASDAQ:FYBR traded down $0.13 on Friday, reaching $36.10. The company's stock had a trading volume of 2,664,597 shares, compared to its average volume of 2,974,823. The company has a 50-day simple moving average of $36.31 and a 200 day simple moving average of $35.74. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77. Frontier Communications Parent, Inc. has a 52-week low of $24.43 and a 52-week high of $39.21. The company has a market cap of $9.03 billion, a P/E ratio of -27.98 and a beta of 0.97.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported ($0.26) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.07. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. Frontier Communications Parent had a negative return on equity of 6.25% and a negative net margin of 5.42%. The firm's revenue for the quarter was up 3.5% on a year-over-year basis. As a group, equities research analysts anticipate that Frontier Communications Parent, Inc. will post -1.11 EPS 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.