Two Sigma Securities LLC Acquires New Holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Two Sigma Securities LLC purchased a new position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 15,072 shares of the company's stock, valued at approximately $523,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Barclays PLC boosted its stake in shares of Frontier Communications Parent by 39.7% in the 3rd quarter. Barclays PLC now owns 99,969 shares of the company's stock valued at $3,553,000 after purchasing an additional 28,417 shares during the last quarter. Franklin Resources Inc. grew its holdings in 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 position in shares of Frontier Communications Parent in the 4th quarter valued at $261,000. Wedmont Private Capital boosted its position in shares of 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 during the last quarter. Finally, UMB Bank n.a. grew its stake in shares of 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.

Frontier Communications Parent Stock Performance

Frontier Communications Parent stock traded down $0.06 during midday trading on Friday, reaching $36.36. 542,109 shares of the company's stock were exchanged, compared to its average volume of 2,821,229. Frontier Communications Parent, Inc. has a 52 week low of $24.43 and a 52 week high of $39.21. The firm has a market cap of $9.10 billion, a price-to-earnings ratio of -28.18 and a beta of 1.01. The stock's 50-day simple moving average is $35.92 and its 200 day simple moving average is $35.48. 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 (NASDAQ:FYBR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported ($0.26) earnings per share 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 company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.51 billion. The firm's revenue was up 3.5% compared to the same quarter last year. On average, analysts expect that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP John Harrobin sold 36,000 shares of the stock in a transaction that occurred 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 owns 76,523 shares in the company, valued at approximately $2,755,593.23. This trade represents a 31.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on FYBR shares. Raymond James lowered shares of Frontier Communications Parent from a "market perform" rating to an "underperform" rating in a research note on Thursday, February 6th. 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. Finally, Benchmark reaffirmed a "hold" rating on shares of Frontier Communications Parent in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Frontier Communications Parent presently has an average rating of "Hold" and a consensus price target of $36.07.

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.