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

Susquehanna Fundamental Investments LLC bought a new stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 98,487 shares of the company's stock, valued at approximately $3,417,000.

Several other large investors have also recently made changes to their positions in the business. Barclays PLC increased its position in Frontier Communications Parent by 39.7% during the 3rd quarter. Barclays PLC now owns 99,969 shares of the company's stock valued at $3,553,000 after buying an additional 28,417 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Frontier Communications Parent by 0.8% during the third quarter. Franklin Resources Inc. now owns 45,059 shares of the company's stock valued at $1,588,000 after acquiring an additional 372 shares in the last quarter. Everence Capital Management Inc. purchased a new position in shares of Frontier Communications Parent in the 4th quarter worth about $261,000. Wedmont Private Capital boosted its stake in Frontier Communications Parent by 82.3% in the 4th quarter. Wedmont Private Capital now owns 27,882 shares of the company's stock worth $979,000 after purchasing an additional 12,590 shares in the last quarter. Finally, 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.

Frontier Communications Parent Stock Performance

Shares of FYBR traded up $0.09 during trading hours on Friday, hitting $36.50. The stock had a trading volume of 2,456,042 shares, compared to its average volume of 2,684,632. Frontier Communications Parent, Inc. has a 12 month low of $24.43 and a 12 month high of $39.21. The stock has a fifty day moving average price of $35.94 and a 200 day moving average price of $35.48. 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 firm has a market capitalization of $9.13 billion, a PE ratio of -28.29 and a beta of 1.01.

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, beating the consensus estimate 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 firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.51 billion. The company's revenue was up 3.5% compared to the same quarter last year. Analysts anticipate that Frontier Communications Parent, Inc. will post -1.11 EPS for the current year.

Analysts Set New Price Targets

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

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 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 in the company, valued at $2,755,593.23. This represents a 31.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.40% of the stock is owned by corporate insiders.

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.