Occudo Quantitative Strategies LP Sells 9,184 Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Occudo Quantitative Strategies LP cut its holdings in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 33.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,423 shares of the company's stock after selling 9,184 shares during the period. Occudo Quantitative Strategies LP's holdings in Frontier Communications Parent were worth $639,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FYBR. Maven Securities LTD purchased a new position in Frontier Communications Parent in the 4th quarter valued at about $6,957,000. Moore Capital Management LP boosted its holdings in 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 in the last quarter. Lazard Asset Management LLC purchased a new position in Frontier Communications Parent in the 4th quarter worth about $76,000. Lighthouse Investment Partners LLC lifted its holdings in shares of Frontier Communications Parent by 109.1% in the fourth quarter. Lighthouse Investment Partners LLC now owns 144,596 shares of the company's stock valued at $5,017,000 after purchasing an additional 75,446 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in Frontier Communications Parent by 4.4% during the fourth quarter. Janus Henderson Group PLC now owns 89,532 shares of the company's stock valued at $3,109,000 after purchasing an additional 3,800 shares in the last quarter.

Insider Transactions at Frontier Communications Parent

In related 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.60% of the company's stock.

Frontier Communications Parent Price Performance

Shares of FYBR stock traded up $0.07 on Friday, reaching $36.67. The company's stock had a trading volume of 9,021,961 shares, compared to its average volume of 2,726,553. The company has a market capitalization of $9.18 billion, a P/E ratio of -28.43 and a beta of 1.01. Frontier Communications Parent, Inc. has a 12-month low of $24.43 and a 12-month high of $39.21. The stock's 50 day simple moving average is $36.06 and its 200-day simple moving average is $35.53. 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 (NASDAQ:FYBR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.33) by $0.07. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates 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 business's revenue was up 3.5% compared to the same quarter last year. As a group, equities analysts predict that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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