One68 Global Capital LLC Makes New $3.81 Million Investment in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

One68 Global Capital LLC purchased a new stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 109,706 shares of the company's stock, valued at approximately $3,807,000. Frontier Communications Parent accounts for about 2.0% of One68 Global Capital LLC's holdings, making the stock its 11th largest position.

Several other institutional investors and hedge funds have also recently made changes to their positions in FYBR. UMB Bank n.a. increased its stake in Frontier Communications Parent by 68.0% during the 4th quarter. UMB Bank n.a. now owns 1,050 shares of the company's stock valued at $36,000 after purchasing an additional 425 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Frontier Communications Parent by 37.9% in the 4th quarter. Russell Investments Group Ltd. now owns 5,091 shares of the company's stock valued at $177,000 after acquiring an additional 1,399 shares during the period. Blue Trust Inc. raised its stake in Frontier Communications Parent by 36.8% in the 4th quarter. Blue Trust Inc. now owns 5,883 shares of the company's stock worth $209,000 after acquiring an additional 1,581 shares during the last quarter. Impact Partnership Wealth LLC acquired a new stake in Frontier Communications Parent during the 4th quarter worth about $228,000. Finally, Vestcor Inc purchased a new stake in Frontier Communications Parent during the 4th quarter valued at about $234,000.

Insider Buying and Selling

In other Frontier Communications Parent 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 directly owns 76,523 shares of the company's stock, valued at $2,755,593.23. This trade represents a 31.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is currently owned by company insiders.

Frontier Communications Parent Price Performance

Shares of Frontier Communications Parent stock traded up $0.05 on Monday, hitting $36.55. The company's stock had a trading volume of 1,481,526 shares, compared to its average volume of 2,680,151. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market capitalization of $9.15 billion, a price-to-earnings ratio of -28.33 and a beta of 1.01. The firm has a fifty day moving average price of $35.94 and a 200-day moving average price of $35.48. Frontier Communications Parent, Inc. has a 1 year low of $24.43 and a 1 year high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last posted 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. Frontier Communications Parent had a negative return on equity of 6.25% and a negative net margin of 5.42%. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.51 billion. Frontier Communications Parent's revenue for the quarter was up 3.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

FYBR has been the topic of several research reports. New Street Research downgraded shares of Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a report on Friday, February 21st. Benchmark reaffirmed a "hold" rating on shares of Frontier Communications Parent in a report on Tuesday, February 25th. Finally, 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. One 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. According to MarketBeat.com, the company currently 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.