SG Americas Securities LLC Has $4.42 Million Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

SG Americas Securities LLC reduced its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 61.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 123,243 shares of the company's stock after selling 198,335 shares during the quarter. SG Americas Securities LLC's holdings in Frontier Communications Parent were worth $4,419,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FYBR. Parallel Advisors LLC lifted its holdings in shares of Frontier Communications Parent by 360.7% during the first quarter. Parallel Advisors LLC now owns 1,958 shares of the company's stock valued at $70,000 after acquiring an additional 1,533 shares during the period. Lazard Asset Management LLC bought a new position in shares of Frontier Communications Parent during the fourth quarter valued at $76,000. UMB Bank n.a. lifted its holdings in shares of Frontier Communications Parent by 113.9% during the first quarter. UMB Bank n.a. now owns 2,246 shares of the company's stock valued at $81,000 after acquiring an additional 1,196 shares during the period. Whipplewood Advisors LLC lifted its holdings in shares of Frontier Communications Parent by 7,980.6% during the first quarter. Whipplewood Advisors LLC now owns 2,505 shares of the company's stock valued at $90,000 after acquiring an additional 2,474 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Frontier Communications Parent by 37.9% during the fourth quarter. Russell Investments Group Ltd. now owns 5,091 shares of the company's stock valued at $177,000 after acquiring an additional 1,399 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on FYBR shares. Benchmark reissued a "hold" rating on shares of Frontier Communications Parent in a report on Tuesday, February 25th. New Street Research cut Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a report on Friday, February 21st. One 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 company. According to data from MarketBeat, Frontier Communications Parent has an average rating of "Hold" and an average price target of $36.07.

Frontier Communications Parent Trading Down 0.4%

FYBR stock traded down $0.13 during midday trading on Friday, reaching $36.10. The stock had a trading volume of 2,664,597 shares, compared to its average volume of 2,982,377. The business has a fifty day simple moving average of $36.31 and a two-hundred day simple moving average of $35.74. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.28. The firm has a market cap of $9.03 billion, a price-to-earnings ratio of -27.98 and a beta of 0.97. Frontier Communications Parent, Inc. has a twelve month low of $24.43 and a twelve month high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last announced 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. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.51 billion. Frontier Communications Parent had a negative return on equity of 6.25% and a negative net margin of 5.42%. Frontier Communications Parent's revenue was up 3.5% on a year-over-year basis. As a group, research analysts expect that Frontier Communications Parent, Inc. will post -1.11 EPS for the current fiscal year.

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.