Price T Rowe Associates Inc. MD Purchases 20,077 Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Price T Rowe Associates Inc. MD raised its holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 13.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 173,877 shares of the company's stock after buying an additional 20,077 shares during the period. Price T Rowe Associates Inc. MD owned about 0.07% of Frontier Communications Parent worth $6,034,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. UMB Bank n.a. raised its holdings in Frontier Communications Parent by 68.0% in the 4th quarter. UMB Bank n.a. now owns 1,050 shares of the company's stock valued at $36,000 after acquiring an additional 425 shares during the period. Russell Investments Group Ltd. boosted its stake in Frontier Communications Parent by 37.9% in the 4th 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. grew its holdings in Frontier Communications Parent by 36.8% in the 4th quarter. Blue Trust Inc. now owns 5,883 shares of the company's stock valued at $209,000 after buying an additional 1,581 shares in the last quarter. Impact Partnership Wealth LLC bought a new position in Frontier Communications Parent during the 4th quarter worth $228,000. Finally, Vestcor Inc acquired a new stake in shares of Frontier Communications Parent during the fourth quarter worth $234,000.

Frontier Communications Parent Stock Performance

NASDAQ FYBR traded down $0.02 on Friday, hitting $36.50. 456,711 shares of the stock traded hands, compared to its average volume of 2,772,513. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77. The business's fifty day moving average is $35.98 and its two-hundred day moving average is $35.51. Frontier Communications Parent, Inc. has a 12 month low of $24.43 and a 12 month high of $39.21. The firm has a market capitalization of $9.13 billion, a price-to-earnings 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) earnings per share for the quarter, beating analysts' consensus estimates of ($0.33) by $0.07. Frontier Communications Parent had a negative net margin of 5.42% and a negative return on equity of 6.25%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.51 billion. The firm's quarterly revenue was up 3.5% compared to the same quarter last year. As a group, equities analysts anticipate that Frontier Communications Parent, Inc. will post -1.11 EPS for the current fiscal year.

Insider Activity at Frontier Communications Parent

In other Frontier Communications Parent news, EVP John Harrobin sold 36,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $36.01, for a total transaction of $1,296,360.00. Following the transaction, the executive vice president now directly owns 76,523 shares in the company, valued at $2,755,593.23. This trade represents a 31.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on FYBR shares. Raymond James cut shares of Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a research note on Thursday, February 6th. Benchmark reaffirmed a "hold" rating on shares of Frontier Communications Parent in a research note on Tuesday, February 25th. 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 investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company currently 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.