Stifel Financial Corp Sells 17,864 Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Stifel Financial Corp decreased its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 44.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 22,396 shares of the company's stock after selling 17,864 shares during the period. Stifel Financial Corp's holdings in Frontier Communications Parent were worth $777,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. New York Life Investment Management LLC bought a new position in shares of Frontier Communications Parent during the fourth quarter worth approximately $9,148,000. Tokio Marine Asset Management Co. Ltd. acquired a new stake in shares of Frontier Communications Parent during the 4th quarter worth $9,948,000. Raymond James Financial Inc. acquired a new position in Frontier Communications Parent in the fourth quarter valued at about $2,065,000. Alpine Associates Management Inc. grew its stake in Frontier Communications Parent by 275.9% during the fourth quarter. Alpine Associates Management Inc. now owns 1,042,630 shares of the company's stock worth $36,179,000 after buying an additional 765,250 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of Frontier Communications Parent in the 4th quarter valued at approximately $1,583,000.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Raymond James cut Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a research note on Thursday, February 6th. Benchmark reiterated a "hold" rating on shares of Frontier Communications Parent in a research report on Tuesday, February 25th. Finally, New Street Research lowered shares of Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, Frontier Communications Parent has an average rating of "Hold" and an average price target of $36.07.

Insider Buying and Selling

In other Frontier Communications Parent news, EVP John Harrobin sold 36,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $36.01, for a total transaction of $1,296,360.00. Following the transaction, the executive vice president now directly owns 76,523 shares in the company, valued at approximately $2,755,593.23. This represents a 31.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.60% of the stock is owned by insiders.

Frontier Communications Parent Stock Up 0.0 %

Shares of NASDAQ:FYBR opened at $36.53 on Friday. The business has a fifty day simple moving average of $36.00 and a 200 day simple moving average of $35.51. Frontier Communications Parent, Inc. has a 12-month low of $24.43 and a 12-month high of $39.21. The firm has a market cap of $9.14 billion, a P/E ratio of -28.32 and a beta of 1.01. 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 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 business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. The business's quarterly revenue was up 3.5% compared to the same quarter last year. Analysts predict that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current year.

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.

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