Frontier Communications Parent, Inc. (NASDAQ:FYBR) Stock Position Lowered by ANTIPODES PARTNERS Ltd

ANTIPODES PARTNERS Ltd lessened its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 51.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 585,969 shares of the company’s stock after selling 627,980 shares during the period. ANTIPODES PARTNERS Ltd’s holdings in Frontier Communications Parent were worth $20,335,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vestcor Inc bought a new stake in shares of Frontier Communications Parent in the 4th quarter worth $234,000. Swiss National Bank raised its position in shares of Frontier Communications Parent by 7.7% during the fourth quarter. Swiss National Bank now owns 391,800 shares of the company’s stock worth $13,595,000 after purchasing an additional 27,900 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Frontier Communications Parent by 5.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 20,087 shares of the company’s stock worth $697,000 after purchasing an additional 1,116 shares during the period. AGF Management Ltd. acquired a new stake in shares of Frontier Communications Parent during the fourth quarter worth $2,601,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Frontier Communications Parent by 17.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 48,225 shares of the company’s stock worth $1,673,000 after purchasing an additional 7,312 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. New Street Research lowered Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 21st. Benchmark reaffirmed a “hold” rating on shares of Frontier Communications Parent in a research report on Tuesday, February 25th. Finally, Raymond James lowered Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $35.31.

Insider Buying and Selling

In related news, EVP John Harrobin sold 36,000 shares of the firm’s stock in a transaction 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 directly owns 76,523 shares of the company’s stock, valued at $2,755,593.23. This trade represents a 31.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.40% of the stock is owned by corporate insiders.

Frontier Communications Parent Price Performance

Shares of FYBR stock opened at $35.85 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.28. The company has a market capitalization of $8.95 billion, a P/E ratio of -27.79 and a beta of 1.04. Frontier Communications Parent, Inc. has a 12 month low of $21.31 and a 12 month high of $39.21. The stock has a 50 day moving average of $35.69 and a two-hundred day moving average of $35.06.

Frontier Communications Parent (NASDAQ:FYBR) last posted its earnings results on Thursday, February 20th. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.28). The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.47 billion. Frontier Communications Parent had a negative return on equity of 6.25% and a negative net margin of 5.42%. As a group, equities analysts expect that Frontier Communications Parent, Inc. will post -1.11 EPS for the current 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.