Fuller & Thaler Asset Management Inc. Cuts Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Fuller & Thaler Asset Management Inc. lessened its holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 99.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,924 shares of the company's stock after selling 1,154,128 shares during the period. Fuller & Thaler Asset Management Inc.'s holdings in Frontier Communications Parent were worth $171,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. New York Life Investment Management LLC acquired a new stake in Frontier Communications Parent during the fourth quarter worth approximately $9,148,000. Tokio Marine Asset Management Co. Ltd. acquired a new position in Frontier Communications Parent in the fourth quarter valued at about $9,948,000. Raymond James Financial Inc. bought a new stake in Frontier Communications Parent during the fourth quarter worth about $2,065,000. Alpine Associates Management Inc. grew its stake in Frontier Communications Parent by 275.9% during the fourth quarter. Alpine Associates Management Inc. now owns 1,042,630 shares of the company's stock worth $36,179,000 after buying an additional 765,250 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of Frontier Communications Parent in the 4th quarter valued at approximately $1,583,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. 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. New Street Research lowered Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 21st. Finally, Benchmark reissued a "hold" rating on shares of Frontier Communications Parent in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Frontier Communications Parent presently has an average rating of "Hold" and an average target price of $36.07.

Frontier Communications Parent Trading Down 0.2 %

FYBR traded down $0.07 during midday trading on Friday, hitting $36.35. 504,850 shares of the company were exchanged, compared to its average volume of 2,674,636. The firm's 50 day moving average price is $35.92 and its 200-day moving average price is $35.48. Frontier Communications Parent, Inc. has a 1-year low of $23.24 and a 1-year high of $39.21. The firm has a market capitalization of $9.09 billion, a P/E ratio of -28.17 and a beta of 1.01. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.28.

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 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 the consensus estimate of $1.51 billion. The company's quarterly revenue was up 3.5% compared to the same quarter last year. As a group, equities analysts forecast that Frontier Communications Parent, Inc. will post -1.11 EPS for the current fiscal year.

Insider Activity at Frontier Communications Parent

In related news, EVP John Harrobin sold 36,000 shares of the 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 completion of the sale, the executive vice president now directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.40% of the stock is currently owned by insiders.

Frontier Communications Parent 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.