Hsbc Holdings PLC Has $12.95 Million Stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Hsbc Holdings PLC increased its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 180.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 372,567 shares of the company's stock after acquiring an additional 239,954 shares during the period. Hsbc Holdings PLC owned about 0.15% of Frontier Communications Parent worth $12,946,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Barclays PLC lifted its holdings in shares of Frontier Communications Parent by 39.7% in the third quarter. Barclays PLC now owns 99,969 shares of the company's stock valued at $3,553,000 after purchasing an additional 28,417 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 worth $1,588,000 after acquiring an additional 372 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in shares of Frontier Communications Parent in the fourth quarter valued at approximately $261,000. Wedmont Private Capital raised its holdings in shares of Frontier Communications Parent by 82.3% in the fourth quarter. Wedmont Private Capital now owns 27,882 shares of the company's stock valued at $979,000 after purchasing an additional 12,590 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in shares of Frontier Communications Parent by 68.0% in the fourth quarter. UMB Bank n.a. now owns 1,050 shares of the company's stock worth $36,000 after purchasing an additional 425 shares in the last quarter.

Frontier Communications Parent Stock Performance

Shares of FYBR stock traded up $0.09 during trading on Friday, reaching $36.50. 2,456,042 shares of the company's stock were exchanged, compared to its average volume of 2,684,632. Frontier Communications Parent, Inc. has a twelve month low of $24.43 and a twelve month high of $39.21. The firm's fifty day moving average price is $35.94 and its 200-day moving average price is $35.48. 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 stock has a market capitalization of $9.13 billion, a PE ratio of -28.29 and a beta of 1.01.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported ($0.26) 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 the consensus estimate 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 quarterly revenue was up 3.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Frontier Communications Parent, Inc. will post -1.11 EPS for the current year.

Insider Buying and Selling at Frontier Communications Parent

In other Frontier Communications Parent news, EVP John Harrobin sold 36,000 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $36.01, for a total value of $1,296,360.00. Following the transaction, the executive vice president now directly owns 76,523 shares of the company's stock, valued at $2,755,593.23. This represents a 31.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.40% of the company's stock.

Wall Street Analyst Weigh In

FYBR has been the topic of several recent research reports. New Street Research lowered shares of Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 21st. Benchmark restated a "hold" rating on shares of Frontier Communications Parent in a report on Tuesday, February 25th. Finally, Raymond James lowered Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average 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.