TriaGen Wealth Management LLC Purchases New Holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

TriaGen Wealth Management LLC purchased a new stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,559 shares of the company’s stock, valued at approximately $375,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC bought a new position in Frontier Communications Parent during the second quarter valued at $37,000. Game Plan Financial Advisors LLC grew its holdings in Frontier Communications Parent by 320.0% during the first quarter. Game Plan Financial Advisors LLC now owns 2,100 shares of the company’s stock valued at $51,000 after purchasing an additional 1,600 shares during the period. Blue Trust Inc. grew its holdings in Frontier Communications Parent by 224,400.0% during the second quarter. Blue Trust Inc. now owns 2,245 shares of the company’s stock valued at $55,000 after purchasing an additional 2,244 shares during the period. GAMMA Investing LLC grew its holdings in Frontier Communications Parent by 100.9% during the first quarter. GAMMA Investing LLC now owns 2,523 shares of the company’s stock valued at $62,000 after purchasing an additional 1,267 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in Frontier Communications Parent by 140.9% during the first quarter. Russell Investments Group Ltd. now owns 4,208 shares of the company’s stock valued at $103,000 after purchasing an additional 2,461 shares during the period.

Frontier Communications Parent Price Performance

Shares of FYBR stock traded down $0.15 on Friday, reaching $35.70. The company’s stock had a trading volume of 2,268,568 shares, compared to its average volume of 2,072,721. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.19. Frontier Communications Parent, Inc. has a 12-month low of $16.29 and a 12-month high of $39.21. The company has a market capitalization of $8.87 billion, a P/E ratio of 324.55 and a beta of 1.10. The stock’s 50 day simple moving average is $33.22 and its 200-day simple moving average is $28.27.

Frontier Communications Parent (NASDAQ:FYBR) last issued its quarterly earnings data on Friday, August 2nd. The company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.38). Frontier Communications Parent had a negative return on equity of 1.80% and a negative net margin of 1.62%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter last year, the business posted ($0.01) EPS. The company’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, equities analysts predict that Frontier Communications Parent, Inc. will post -0.79 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on FYBR shares. Wolfe Research lowered Frontier Communications Parent from an “outperform” rating to a “peer perform” rating in a report on Monday, September 30th. Benchmark reissued a “buy” rating and set a $37.00 price objective on shares of Frontier Communications Parent in a report on Thursday, September 5th. UBS Group lowered Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Friday, September 6th. Citigroup lowered Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Finally, TD Cowen lowered Frontier Communications Parent from a “buy” rating to a “hold” rating and cut their price target for the stock from $39.00 to $38.50 in a report on Tuesday, October 8th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $35.31.

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.