200,500 Shares in Frontier Communications Parent, Inc. (NASDAQ:FYBR) Purchased by Maven Securities LTD

Maven Securities LTD bought a new position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 200,500 shares of the company's stock, valued at approximately $6,957,000. Frontier Communications Parent makes up 0.2% of Maven Securities LTD's holdings, making the stock its 11th biggest position. Maven Securities LTD owned 0.08% of Frontier Communications Parent as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in Frontier Communications Parent during the fourth quarter worth approximately $191,247,000. Tudor Investment Corp ET AL acquired a new stake in shares of Frontier Communications Parent in the 4th quarter valued at about $114,555,000. Adage Capital Partners GP L.L.C. grew its stake in Frontier Communications Parent by 472.7% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 3,149,714 shares of the company's stock worth $109,295,000 after buying an additional 2,599,714 shares during the last quarter. FIL Ltd acquired a new position in Frontier Communications Parent during the fourth quarter worth approximately $49,228,000. Finally, Alliancebernstein L.P. lifted its stake in Frontier Communications Parent by 411.3% in the fourth quarter. Alliancebernstein L.P. now owns 1,560,375 shares of the company's stock valued at $54,145,000 after buying an additional 1,255,180 shares during the last quarter.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other Frontier Communications Parent 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 transaction, the executive vice president now owns 76,523 shares in the company, valued at approximately $2,755,593.23. This represents a 31.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.60% of the company's stock.

Frontier Communications Parent Stock Performance

Shares of FYBR stock traded up $0.07 during mid-day trading on Friday, hitting $36.67. The stock had a trading volume of 9,021,961 shares, compared to its average volume of 2,726,553. The firm has a market cap of $9.18 billion, a PE ratio of -28.43 and a beta of 1.01. The company's 50-day simple moving average is $36.06 and its 200-day simple moving average is $35.53. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.77 and a quick ratio of 0.77. Frontier Communications Parent, Inc. has a fifty-two week low of $24.43 and a fifty-two week high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported ($0.26) EPS for the quarter, beating 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 firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. The business's revenue was up 3.5% on a year-over-year basis. Sell-side analysts anticipate that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current year.

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.