PDT Partners LLC Has $979,000 Stock Holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

PDT Partners LLC cut its stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 49.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,207 shares of the company's stock after selling 27,148 shares during the period. PDT Partners LLC's holdings in Frontier Communications Parent were worth $979,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in FYBR. Paloma Partners Management Co acquired a new position in Frontier Communications Parent during the 4th quarter valued at about $2,047,000. Northern Trust Corp raised its holdings in shares of Frontier Communications Parent by 24.9% during the fourth quarter. Northern Trust Corp now owns 2,078,942 shares of the company's stock valued at $72,139,000 after buying an additional 413,800 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of Frontier Communications Parent during the fourth quarter worth approximately $114,555,000. Susquehanna Fundamental Investments LLC bought a new position in Frontier Communications Parent in the 4th quarter worth approximately $3,417,000. Finally, Westchester Capital Management LLC raised its stake in Frontier Communications Parent by 1,945.3% during the 4th quarter. Westchester Capital Management LLC now owns 870,823 shares of the company's stock valued at $30,218,000 after acquiring an additional 828,247 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Raymond James lowered Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a 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 note on Friday, February 21st. Finally, Benchmark reaffirmed a "hold" rating on shares of Frontier Communications Parent in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $36.07.

Insider Activity

In other Frontier Communications Parent news, EVP John Harrobin sold 36,000 shares of the business'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 directly owns 76,523 shares of the company's stock, valued at $2,755,593.23. The trade was a 31.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is owned by company insiders.

Frontier Communications Parent Price Performance

Frontier Communications Parent stock traded up $0.09 during mid-day trading on Friday, hitting $36.50. The company's stock had a trading volume of 2,456,042 shares, compared to its average volume of 2,684,632. 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 capitalization of $9.13 billion, a P/E ratio of -28.29 and a beta of 1.01. The stock's fifty day moving average price is $35.94 and its two-hundred day moving average price is $35.48. Frontier Communications Parent, Inc. has a twelve month low of $24.43 and a twelve month high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last released its quarterly 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 return on equity of 6.25% and a negative net margin of 5.42%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.51 billion. The company's revenue for the quarter was up 3.5% compared to the same quarter last year. Research analysts forecast that Frontier Communications Parent, Inc. will post -1.11 earnings per share 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.