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

MetLife Investment Management LLC lifted its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 9.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 125,349 shares of the company's stock after buying an additional 10,591 shares during the period. MetLife Investment Management LLC owned approximately 0.05% of Frontier Communications Parent worth $4,350,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. lifted its stake in shares of Frontier Communications Parent by 68.0% during the fourth quarter. UMB Bank n.a. now owns 1,050 shares of the company's stock worth $36,000 after buying an additional 425 shares during the period. Russell Investments Group Ltd. raised its holdings 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 worth $177,000 after purchasing an additional 1,399 shares during the last quarter. Blue Trust Inc. raised its holdings 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 worth $209,000 after purchasing an additional 1,581 shares during the last quarter. Impact Partnership Wealth LLC purchased a new position in Frontier Communications Parent in the fourth quarter valued at $228,000. Finally, Vestcor Inc purchased a new position in Frontier Communications Parent in the fourth quarter valued at $234,000.

Insiders Place Their Bets

In other news, EVP John Harrobin sold 36,000 shares of the business's stock in a transaction dated 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. The trade was a 31.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is owned by company insiders.

Frontier Communications Parent Trading Down 0.2 %

NASDAQ:FYBR traded down $0.08 on Wednesday, hitting $36.19. The stock had a trading volume of 280,676 shares, compared to its average volume of 2,838,972. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.28. The stock has a market cap of $9.05 billion, a price-to-earnings ratio of -28.05 and a beta of 1.01. The company has a fifty day moving average price of $35.90 and a two-hundred day moving average price of $35.47. Frontier Communications Parent, Inc. has a 1-year low of $22.80 and a 1-year high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported ($0.26) earnings per share for the quarter, beating analysts' consensus estimates of ($0.33) by $0.07. The business had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.51 billion. Frontier Communications Parent had a negative return on equity of 6.25% and a negative net margin of 5.42%. The firm's revenue was up 3.5% compared to the same quarter last year. Equities research analysts expect that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FYBR shares. Raymond James cut shares of Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a report on Thursday, February 6th. Benchmark reissued a "hold" rating on shares of Frontier Communications Parent in a research note on Tuesday, February 25th. Finally, New Street Research cut shares of Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $36.07.

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.