XTX Topco Ltd Boosts Stock Holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

XTX Topco Ltd boosted its position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 46.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,558 shares of the company's stock after acquiring an additional 8,161 shares during the quarter. XTX Topco Ltd's holdings in Frontier Communications Parent were worth $887,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of FYBR. Norges Bank bought a new position in shares of Frontier Communications Parent during the fourth quarter worth approximately $191,247,000. FIL Ltd bought a new position in Frontier Communications Parent during the fourth quarter worth about $49,228,000. Alliancebernstein L.P. raised its stake in Frontier Communications Parent by 411.3% in the 4th quarter. Alliancebernstein L.P. now owns 1,560,375 shares of the company's stock worth $54,145,000 after purchasing an additional 1,255,180 shares in the last quarter. Highbridge Capital Management LLC grew its position in shares of Frontier Communications Parent by 375.0% during the 4th quarter. Highbridge Capital Management LLC now owns 1,084,546 shares of the company's stock worth $37,634,000 after purchasing an additional 856,218 shares in the last quarter. Finally, Alpine Associates Management Inc. increased its stake in Frontier Communications Parent by 275.9% during the 4th quarter. Alpine Associates Management Inc. now owns 1,042,630 shares of the company's stock worth $36,179,000 after acquiring an additional 765,250 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FYBR. Raymond James cut Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a research report 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 restated a "hold" rating on shares of Frontier Communications Parent in a report on Tuesday, February 25th. One equities research 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. According to MarketBeat.com, Frontier Communications Parent currently has a consensus rating of "Hold" and a consensus target price of $36.07.

Frontier Communications Parent Price Performance

Shares of NASDAQ FYBR traded up $0.11 during midday trading on Tuesday, hitting $36.16. 281,341 shares of the company's stock were exchanged, compared to its average volume of 2,660,578. The business's fifty day moving average price is $35.85 and its two-hundred day moving average price is $35.43. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.28. The company has a market cap of $9.05 billion, a price-to-earnings ratio of -28.03 and a beta of 1.01. Frontier Communications Parent, Inc. has a 12-month low of $21.31 and a 12-month high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last issued 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). 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 for the quarter, compared to the consensus estimate of $1.47 billion. As a group, research analysts forecast that Frontier Communications Parent, Inc. will post -1.11 EPS for the current fiscal year.

Insider Activity at Frontier Communications Parent

In other news, EVP John Harrobin sold 36,000 shares of the stock in a transaction that occurred 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 completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is owned by company insiders.

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.