Susquehanna Fundamental Investments LLC Makes New $3.42 Million Investment in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Susquehanna Fundamental Investments LLC purchased a new stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 98,487 shares of the company's stock, valued at approximately $3,417,000.

Other large investors also recently made changes to their positions in the company. Barclays PLC lifted its position in Frontier Communications Parent by 39.7% during the third quarter. Barclays PLC now owns 99,969 shares of the company's stock worth $3,553,000 after buying an additional 28,417 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Frontier Communications Parent by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 45,059 shares of the company's stock worth $1,588,000 after acquiring an additional 372 shares during the period. Everence Capital Management Inc. acquired a new stake in shares of Frontier Communications Parent in the fourth quarter worth approximately $261,000. Wedmont Private Capital grew its holdings in Frontier Communications Parent by 82.3% in the fourth quarter. Wedmont Private Capital now owns 27,882 shares of the company's stock valued at $979,000 after purchasing an additional 12,590 shares during the period. Finally, UMB Bank n.a. raised its stake in Frontier Communications Parent by 68.0% during the fourth quarter. UMB Bank n.a. now owns 1,050 shares of the company's stock worth $36,000 after purchasing an additional 425 shares during the period.

Analyst Ratings Changes

Several brokerages have recently issued reports on FYBR. Benchmark reissued a "hold" rating on shares of Frontier Communications Parent in a research note on Tuesday, February 25th. New Street Research lowered Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 21st. Finally, Raymond James downgraded Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $36.07.

Frontier Communications Parent Stock Up 0.2 %

Frontier Communications Parent stock traded up $0.09 during midday trading on Friday, hitting $36.50. 2,456,042 shares of the stock were exchanged, compared to its average volume of 2,686,858. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.77 and a quick ratio of 0.77. The company has a 50 day moving average price of $35.94 and a two-hundred day moving average price of $35.49. The firm has a market cap of $9.13 billion, a P/E ratio of -28.29 and a beta of 1.01. 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 released its quarterly earnings results on Tuesday, April 29th. The company reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.33) by $0.07. The business had revenue of $1.51 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 3.5% on a year-over-year basis. On average, sell-side analysts predict that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Frontier Communications Parent

In other news, EVP John Harrobin sold 36,000 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $36.01, for a total value 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 represents a 31.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

About Frontier Communications Parent

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.