Frontier Communications Parent, Inc. (NASDAQ:FYBR) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lowered its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 25.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,817 shares of the company's stock after selling 10,317 shares during the period. Voya Investment Management LLC's holdings in Frontier Communications Parent were worth $1,035,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. boosted its holdings in shares of Frontier Communications Parent by 68.0% during 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 last quarter. Russell Investments Group Ltd. raised its position in shares of Frontier Communications Parent by 37.9% during the fourth quarter. Russell Investments Group Ltd. now owns 5,091 shares of the company's stock valued at $177,000 after buying an additional 1,399 shares during the last quarter. Blue Trust Inc. grew its position in shares of Frontier Communications Parent by 36.8% during the fourth quarter. Blue Trust Inc. now owns 5,883 shares of the company's stock valued at $209,000 after purchasing an additional 1,581 shares in the last quarter. Impact Partnership Wealth LLC bought a new position in shares of Frontier Communications Parent during the 4th quarter valued at approximately $228,000. Finally, Vestcor Inc bought a new position in shares of Frontier Communications Parent in the 4th quarter valued at about $234,000.

Analyst Ratings Changes

Several brokerages have issued reports on FYBR. Raymond James downgraded shares of Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a research note on Thursday, February 6th. Benchmark reiterated a "hold" rating on shares of Frontier Communications Parent in a report on Tuesday, February 25th. Finally, New Street Research downgraded Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 21st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $36.07.

Frontier Communications Parent Price Performance

Shares of Frontier Communications Parent stock traded up $0.06 on Monday, hitting $36.57. The company's stock had a trading volume of 312,894 shares, compared to its average volume of 2,682,771. The company has a market capitalization of $9.15 billion, a price-to-earnings ratio of -28.35 and a beta of 1.01. The firm has a fifty day moving average price of $36.00 and a 200-day moving average price of $35.51. 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, Inc. has a 1 year low of $24.43 and a 1 year high of $39.21.

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 for the quarter, topping the consensus estimate of ($0.33) by $0.07. Frontier Communications Parent had a negative return on equity of 6.25% and a negative net margin of 5.42%. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. Frontier Communications Parent's 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 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Frontier Communications Parent news, EVP John Harrobin sold 36,000 shares of the firm'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 owns 76,523 shares in the company, valued at approximately $2,755,593.23. This trade represents a 31.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.60% of the stock is currently 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.