Natixis Investment Managers International Sells 626 Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Natixis Investment Managers International cut its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 15.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,511 shares of the company’s stock after selling 626 shares during the quarter. Natixis Investment Managers International’s holdings in Frontier Communications Parent were worth $86,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mackenzie Financial Corp boosted its stake in Frontier Communications Parent by 62.8% during the fourth quarter. Mackenzie Financial Corp now owns 583,940 shares of the company’s stock worth $14,797,000 after acquiring an additional 225,293 shares in the last quarter. Vanguard Group Inc. boosted its stake in Frontier Communications Parent by 0.5% during the third quarter. Vanguard Group Inc. now owns 23,827,853 shares of the company’s stock worth $372,906,000 after acquiring an additional 118,939 shares in the last quarter. Capstone Investment Advisors LLC bought a new position in Frontier Communications Parent during the first quarter worth $1,817,000. Norges Bank bought a new position in Frontier Communications Parent during the fourth quarter worth $50,269,000. Finally, Sunriver Management LLC bought a new position in Frontier Communications Parent during the fourth quarter worth $16,255,000.

Analyst Ratings Changes

Several research analysts recently issued reports on FYBR shares. The Goldman Sachs Group began coverage on shares of Frontier Communications Parent in a research note on Monday, July 1st. They set a “buy” rating and a $29.00 target price on the stock. TD Cowen lowered their price objective on shares of Frontier Communications Parent from $41.00 to $39.00 and set a “buy” rating on the stock in a report on Monday, May 6th. Citigroup upped their price objective on shares of Frontier Communications Parent from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Bank of America began coverage on shares of Frontier Communications Parent in a report on Tuesday, April 9th. They set a “buy” rating and a $30.00 price objective on the stock. Finally, UBS Group began coverage on shares of Frontier Communications Parent in a report on Thursday, July 18th. They set a “buy” rating and a $33.00 price objective on the stock. One investment analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.38.

Frontier Communications Parent Stock Down 0.3 %

Shares of FYBR stock traded down $0.09 on Thursday, hitting $27.36. The stock had a trading volume of 1,799,577 shares, compared to its average volume of 1,512,324. The business has a 50 day moving average of $26.15 and a 200 day moving average of $24.58. The stock has a market cap of $6.80 billion, a price-to-earnings ratio of 248.73 and a beta of 1.08. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.07 and a quick ratio of 1.07. Frontier Communications Parent, Inc. has a 12-month low of $13.66 and a 12-month high of $28.44.

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.