Moore Capital Management LP Increases Stock Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Moore Capital Management LP lifted its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 472.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 287,500 shares of the company's stock after buying an additional 237,300 shares during the quarter. Moore Capital Management LP owned approximately 0.12% of Frontier Communications Parent worth $9,976,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of FYBR. UMB Bank n.a. increased its position in shares of Frontier Communications Parent by 68.0% in the fourth quarter. UMB Bank n.a. now owns 1,050 shares of the company's stock worth $36,000 after purchasing an additional 425 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of Frontier Communications Parent in the fourth quarter worth approximately $76,000. Russell Investments Group Ltd. increased its position in shares of Frontier Communications Parent by 37.9% in 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. increased its position in shares of Frontier Communications Parent by 36.8% in 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. Finally, Impact Partnership Wealth LLC bought a new position in shares of Frontier Communications Parent in the fourth quarter worth approximately $228,000.

Insider Transactions at Frontier Communications Parent

In related news, EVP John Harrobin sold 36,000 shares of the firm's 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 owns 76,523 shares of the company's stock, valued at $2,755,593.23. This trade represents a 31.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.60% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on FYBR shares. Raymond James cut shares of Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a research report on Thursday, February 6th. New Street Research cut shares of Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 21st. Finally, Benchmark reiterated a "hold" rating on shares of Frontier Communications Parent in a research 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 issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $36.07.

Frontier Communications Parent Trading Up 0.2%

Shares of Frontier Communications Parent stock traded up $0.07 on Friday, hitting $36.67. The stock had a trading volume of 9,021,961 shares, compared to its average volume of 2,720,884. 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, Inc. has a one year low of $24.43 and a one year high of $39.21. The stock has a market cap of $9.18 billion, a price-to-earnings ratio of -28.43 and a beta of 1.01. The stock's 50-day simple moving average is $36.06 and its two-hundred day simple moving average is $35.53.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.51 billion. The business's quarterly revenue was up 3.5% compared to the same quarter last year. As a group, sell-side analysts predict that Frontier Communications Parent, Inc. will post -1.11 EPS for the current 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.