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

Moore Capital Management LP lifted its stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 472.7% in the fourth quarter, according to the company in its most recent 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 period. Moore Capital Management LP owned about 0.12% of Frontier Communications Parent worth $9,976,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Frontier Communications Parent by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 24,277,017 shares of the company's stock valued at $842,412,000 after buying an additional 303,545 shares in the last quarter. Norges Bank acquired a new position in shares of Frontier Communications Parent in the 4th quarter valued at $191,247,000. Tudor Investment Corp ET AL acquired a new position in shares of Frontier Communications Parent in the 4th quarter valued at approximately $114,555,000. Adage Capital Partners GP L.L.C. raised its holdings in shares of Frontier Communications Parent by 472.7% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 3,149,714 shares of the company's stock worth $109,295,000 after acquiring an additional 2,599,714 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Frontier Communications Parent by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,323,203 shares of the company's stock worth $80,615,000 after buying an additional 12,251 shares during the period.

Analyst Ratings Changes

FYBR has been the subject of several analyst reports. Benchmark restated a "hold" rating on shares of Frontier Communications Parent in a report on Tuesday, February 25th. New Street Research cut Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a report on Friday, February 21st. Finally, Raymond James downgraded Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a research note on Thursday, February 6th. 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $36.07.

Insider Buying and Selling at Frontier Communications Parent

In other news, EVP John Harrobin sold 36,000 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $36.01, for a total transaction of $1,296,360.00. Following the sale, the executive vice president now owns 76,523 shares in the company, valued at approximately $2,755,593.23. This trade represents a 31.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.60% of the company's stock.

Frontier Communications Parent Stock Up 0.2%

Frontier Communications Parent stock traded up $0.07 during mid-day trading on Thursday, reaching $36.60. The stock had a trading volume of 1,651,019 shares, compared to its average volume of 2,689,809. The firm has a market capitalization of $9.16 billion, a PE ratio of -28.37 and a beta of 1.01. Frontier Communications Parent, Inc. has a fifty-two week low of $24.43 and a fifty-two week high of $39.21. The stock's 50-day simple moving average is $36.03 and its 200-day simple moving average is $35.52. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last released its earnings results 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. 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. Frontier Communications Parent's quarterly revenue was up 3.5% compared to the same quarter last year. On average, sell-side analysts forecast that Frontier Communications Parent, Inc. will post -1.11 EPS 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.