Gamco Investors INC. ET AL Makes New Investment in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Gamco Investors INC. ET AL acquired a new stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 52,195 shares of the company's stock, valued at approximately $1,811,000.

Other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. grew its position in Frontier Communications Parent by 68.0% during the 4th quarter. UMB Bank n.a. now owns 1,050 shares of the company's stock worth $36,000 after acquiring an additional 425 shares during the last quarter. Russell Investments Group Ltd. grew its position in Frontier Communications Parent by 37.9% during the 4th quarter. Russell Investments Group Ltd. now owns 5,091 shares of the company's stock worth $177,000 after acquiring an additional 1,399 shares during the last quarter. Blue Trust Inc. grew its position in Frontier Communications Parent by 36.8% during the 4th quarter. Blue Trust Inc. now owns 5,883 shares of the company's stock worth $209,000 after acquiring an additional 1,581 shares during the last quarter. Impact Partnership Wealth LLC bought a new position in Frontier Communications Parent during the 4th quarter worth approximately $228,000. Finally, Vestcor Inc bought a new position in Frontier Communications Parent during the 4th quarter worth approximately $234,000.

Insider Transactions 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 shares were 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 $2,755,593.23. This represents a 31.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.40% of the company's stock.

Frontier Communications Parent Stock Up 0.1 %

Shares of Frontier Communications Parent stock traded up $0.03 on Thursday, reaching $36.18. The company's stock had a trading volume of 287,026 shares, compared to its average volume of 2,661,133. The company has a market capitalization of $9.05 billion, a price-to-earnings ratio of -28.04 and a beta of 1.01. The firm's fifty day simple moving average is $35.86 and its two-hundred day simple moving average is $35.44. Frontier Communications Parent, Inc. has a 52 week low of $21.85 and a 52 week high of $39.21. 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 posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.47) EPS for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.28). The firm had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.47 billion. Frontier Communications Parent had a negative net margin of 5.42% and a negative return on equity of 6.25%. Equities analysts anticipate that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Benchmark restated a "hold" rating on shares of Frontier Communications Parent in a research report on Tuesday, February 25th. Raymond James cut Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a report on Thursday, February 6th. Finally, New Street Research cut Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus 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.