Tiptree Advisors LLC Makes New Investment in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Tiptree Advisors LLC acquired a new stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 80,000 shares of the company's stock, valued at approximately $2,776,000. Frontier Communications Parent makes up 2.9% of Tiptree Advisors LLC's investment portfolio, making the stock its 14th largest holding.

A number of other institutional investors have also recently made changes to their positions in FYBR. New York Life Investment Management LLC purchased a new position in Frontier Communications Parent in the fourth quarter worth about $9,148,000. Tokio Marine Asset Management Co. Ltd. bought a new stake in shares of Frontier Communications Parent during the fourth quarter valued at approximately $9,948,000. Raymond James Financial Inc. bought a new stake in shares of Frontier Communications Parent during the fourth quarter valued at approximately $2,065,000. Hudson Bay Capital Management LP raised its stake in Frontier Communications Parent by 60.6% in the fourth quarter. Hudson Bay Capital Management LP now owns 532,999 shares of the company's stock worth $18,495,000 after buying an additional 201,047 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new position in Frontier Communications Parent in the fourth quarter worth approximately $970,000.

Frontier Communications Parent Price Performance

Shares of NASDAQ:FYBR traded down $0.26 during midday trading on Friday, hitting $36.21. The company had a trading volume of 15,819,589 shares, compared to its average volume of 2,900,755. Frontier Communications Parent, Inc. has a twelve month low of $24.43 and a twelve month high of $39.21. 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 cap of $9.06 billion, a price-to-earnings ratio of -28.07 and a beta of 1.01. The business's 50-day simple moving average is $36.22 and its 200-day simple moving average is $35.64.

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

Analyst Ratings Changes

FYBR has been the topic of several analyst reports. Raymond James lowered shares of Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a report on Thursday, February 6th. Benchmark reaffirmed a "hold" rating on shares of Frontier Communications Parent in a report on Tuesday, February 25th. Finally, New Street Research downgraded 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 assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $36.07.

Insiders Place Their Bets

In other Frontier Communications Parent news, EVP John Harrobin sold 36,000 shares of the firm's stock in a transaction 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 owns 76,523 shares of the company's stock, valued at $2,755,593.23. This trade represents a 31.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by insiders.

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.