Tudor Investment Corp ET AL Acquires Shares of 3,301,283 Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Tudor Investment Corp ET AL acquired 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 filing with the SEC. The firm acquired 3,301,283 shares of the company's stock, valued at approximately $114,555,000. Frontier Communications Parent comprises 0.4% of Tudor Investment Corp ET AL's holdings, making the stock its 7th largest position. Tudor Investment Corp ET AL owned about 1.33% of Frontier Communications Parent at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Frontier Communications Parent by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 24,277,017 shares of the company's stock valued at $842,412,000 after buying an additional 303,545 shares during the last quarter. Norges Bank acquired a new stake in shares of Frontier Communications Parent during the 4th quarter valued at about $191,247,000. Adage Capital Partners GP L.L.C. grew its position in shares of Frontier Communications Parent by 472.7% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 3,149,714 shares of the company's stock valued at $109,295,000 after acquiring an additional 2,599,714 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Frontier Communications Parent by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,323,203 shares of the company's stock valued at $80,615,000 after acquiring an additional 12,251 shares during the period. Finally, Magnetar Financial LLC boosted its holdings in Frontier Communications Parent by 37.7% in the 4th quarter. Magnetar Financial LLC now owns 1,813,443 shares of the company's stock worth $62,926,000 after buying an additional 496,750 shares during the last quarter.

Analyst Upgrades and Downgrades

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

Insider Transactions at Frontier Communications Parent

In related news, EVP John Harrobin sold 36,000 shares of the business's 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 completion of the sale, the executive vice president now owns 76,523 shares in the company, valued at $2,755,593.23. The trade was a 31.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.40% of the company's stock.

Frontier Communications Parent Trading Up 0.4 %

Shares of NASDAQ FYBR traded up $0.16 during mid-day trading on Thursday, reaching $36.41. 2,184,218 shares of the company's stock were exchanged, compared to its average volume of 2,683,224. The firm has a market capitalization of $9.11 billion, a price-to-earnings ratio of -28.22 and a beta of 1.01. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77. Frontier Communications Parent, Inc. has a 52-week low of $23.24 and a 52-week high of $39.21. The company's 50-day moving average is $35.91 and its 200-day moving average is $35.47.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported ($0.26) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.33) by $0.07. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates 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 company's quarterly revenue was up 3.5% compared to the same quarter last year. Analysts expect that Frontier Communications Parent, Inc. will post -1.11 EPS for the current fiscal 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.