UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 49,778 Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 8.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 615,088 shares of the company's stock after purchasing an additional 49,778 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.25% of Frontier Communications Parent worth $21,344,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FYBR. Lazard Asset Management LLC bought a new position in shares of Frontier Communications Parent in the fourth quarter valued at approximately $76,000. Russell Investments Group Ltd. raised its position 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 valued at $177,000 after purchasing an additional 1,399 shares during the period. Blue Trust Inc. raised its position 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 valued at $209,000 after purchasing an additional 1,581 shares during the period. Vestcor Inc bought a new position in shares of Frontier Communications Parent in the fourth quarter valued at approximately $234,000. Finally, LPL Financial LLC raised its position 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 valued at $244,000 after purchasing an additional 1,066 shares during the period.

Insider Buying and Selling at Frontier Communications Parent

In other news, EVP John Harrobin sold 36,000 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $36.01, for a total value of $1,296,360.00. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.60% of the company's stock.

Frontier Communications Parent Stock Performance

Frontier Communications Parent stock traded down $0.26 on Friday, hitting $36.21. The company's stock had a trading volume of 15,819,589 shares, compared to its average volume of 2,900,755. The firm has a market cap of $9.06 billion, a P/E ratio of -28.07 and a beta of 1.01. 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 company has a fifty day moving average price of $36.22 and a 200-day moving average price of $35.64. Frontier Communications Parent, Inc. has a one year low of $24.43 and a one year high of $39.21.

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

Analysts Set New Price Targets

FYBR has been the topic of a number of recent analyst reports. Raymond James lowered shares of Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a research report on Thursday, February 6th. Benchmark reaffirmed a "hold" rating on shares of Frontier Communications Parent in a research report on Tuesday, February 25th. 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 analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $36.07.

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.