Guggenheim Capital LLC Boosts Stock Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Guggenheim Capital LLC increased its holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 60.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,858 shares of the company's stock after purchasing an additional 9,703 shares during the quarter. Guggenheim Capital LLC's holdings in Frontier Communications Parent were worth $897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in FYBR. Mariner LLC boosted its position in Frontier Communications Parent by 0.8% in the fourth quarter. Mariner LLC now owns 37,731 shares of the company's stock worth $1,309,000 after purchasing an additional 301 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Frontier Communications Parent by 0.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 45,105 shares of the company's stock valued at $1,565,000 after buying an additional 344 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Frontier Communications Parent by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 45,059 shares of the company's stock valued at $1,588,000 after acquiring an additional 372 shares during the period. CIBC Asset Management Inc increased its holdings in Frontier Communications Parent by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 7,567 shares of the company's stock worth $263,000 after acquiring an additional 377 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in Frontier Communications Parent by 68.0% during the 4th quarter. UMB Bank n.a. now owns 1,050 shares of the company's stock worth $36,000 after acquiring an additional 425 shares during the period.

Frontier Communications Parent Price Performance

Shares of FYBR stock traded down $0.03 on Tuesday, reaching $36.23. The company's stock had a trading volume of 159,622 shares, compared to its average volume of 2,666,257. The stock's fifty day simple moving average is $35.89 and its 200-day simple moving average is $35.46. Frontier Communications Parent, Inc. has a 1 year low of $22.80 and a 1 year high of $39.21. The company has a market capitalization of $9.06 billion, a price-to-earnings ratio of -28.08 and a beta of 1.01. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.28.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($0.47) EPS for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.28). The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.47 billion. Frontier Communications Parent had a negative net margin of 5.42% and a negative return on equity of 6.25%. Analysts forecast that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP John Harrobin sold 36,000 shares of the 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 of the company's stock, valued at approximately $2,755,593.23. This represents a 31.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

FYBR has been the subject of a number of analyst reports. Benchmark reissued a "hold" rating on shares of Frontier Communications Parent in a research note on Tuesday, February 25th. Raymond James cut Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a report on Thursday, February 6th. Finally, New Street Research lowered Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 21st. One 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's stock. Based on data from MarketBeat.com, Frontier Communications Parent has an average rating of "Hold" and a consensus price target of $36.07.

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.