Maven Securities LTD Acquires Shares of 200,500 Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Maven Securities LTD bought a new position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 200,500 shares of the company's stock, valued at approximately $6,957,000. Frontier Communications Parent comprises about 0.2% of Maven Securities LTD's investment portfolio, making the stock its 11th largest holding. Maven Securities LTD owned 0.08% of Frontier Communications Parent as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Moore Capital Management LP boosted its stake in shares of Frontier Communications Parent by 472.7% during the fourth quarter. Moore Capital Management LP now owns 287,500 shares of the company's stock worth $9,976,000 after buying an additional 237,300 shares during the period. Lazard Asset Management LLC purchased a new position in shares of Frontier Communications Parent in the fourth quarter valued at $76,000. Lighthouse Investment Partners LLC increased its position in Frontier Communications Parent by 109.1% during the 4th quarter. Lighthouse Investment Partners LLC now owns 144,596 shares of the company's stock worth $5,017,000 after purchasing an additional 75,446 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Frontier Communications Parent by 4.4% during the 4th quarter. Janus Henderson Group PLC now owns 89,532 shares of the company's stock worth $3,109,000 after purchasing an additional 3,800 shares during the period. Finally, K2 Principal Fund L.P. purchased a new stake in Frontier Communications Parent in the fourth quarter valued at approximately $2,466,000.

Insider Buying and Selling at Frontier Communications Parent

In related 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 transaction, the executive vice president now owns 76,523 shares of the company's stock, valued at $2,755,593.23. This represents a 31.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.60% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. New Street Research lowered shares of Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a report on Friday, February 21st. Raymond James lowered Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a report on Thursday, February 6th. Finally, Benchmark reaffirmed a "hold" rating on shares of Frontier Communications Parent in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $36.07.

Frontier Communications Parent Price Performance

FYBR opened at $36.55 on Tuesday. The stock has a market capitalization of $9.15 billion, a P/E ratio of -28.33 and a beta of 1.01. The stock has a 50-day moving average price of $36.01 and a 200-day moving average price of $35.51. Frontier Communications Parent, Inc. has a 12-month low of $24.43 and a 12-month high of $39.21. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.28.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last issued its quarterly 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 company had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.51 billion. The firm's revenue was up 3.5% on a year-over-year basis. Equities analysts predict that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current fiscal year.

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.

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