Wellington Management Group LLP Makes New $5.20 Million Investment in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Wellington Management Group LLP purchased a new position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 149,800 shares of the company's stock, valued at approximately $5,198,000. Wellington Management Group LLP owned approximately 0.06% of Frontier Communications Parent at the end of the most recent quarter.

Several other large investors have also bought and sold shares of FYBR. Lazard Asset Management LLC purchased a new stake in Frontier Communications Parent during the fourth quarter worth about $76,000. Russell Investments Group Ltd. increased its position in 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 last quarter. Blue Trust Inc. increased its position in 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 last quarter. Vestcor Inc purchased a new position in shares of Frontier Communications Parent during the 4th quarter valued at $234,000. Finally, LPL Financial LLC lifted its position in shares of Frontier Communications Parent by 17.9% during the 4th quarter. LPL Financial LLC now owns 7,027 shares of the company's stock valued at $244,000 after buying an additional 1,066 shares during the last quarter.

Frontier Communications Parent Price Performance

Frontier Communications Parent stock traded down $0.05 during mid-day trading on Thursday, hitting $36.31. 2,634,577 shares of the company traded hands, compared to its average volume of 2,925,727. The stock has a fifty day moving average price of $36.25 and a 200-day moving average price of $35.67. The stock has a market cap of $9.09 billion, a price-to-earnings ratio of -28.15 and a beta of 0.97. Frontier Communications Parent, Inc. has a one year low of $24.43 and a one year high of $39.21. 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 (NASDAQ:FYBR - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.07. The company had revenue of $1.51 billion during 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 firm's revenue for the quarter was up 3.5% compared to the same quarter last year. On average, equities analysts predict that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on FYBR shares. Raymond James cut Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a research note on Thursday, February 6th. 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. Finally, Benchmark reaffirmed a "hold" rating on shares of Frontier Communications Parent in a report 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. According to MarketBeat, the company has an average rating of "Hold" and an average target price 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.