Game Plan Financial Advisors LLC Purchases 6,000 Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Game Plan Financial Advisors LLC boosted its holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 200.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,000 shares of the company’s stock after acquiring an additional 6,000 shares during the quarter. Game Plan Financial Advisors LLC’s holdings in Frontier Communications Parent were worth $313,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Rhumbline Advisers lifted its stake in Frontier Communications Parent by 1.0% during the 4th quarter. Rhumbline Advisers now owns 629,712 shares of the company’s stock valued at $21,851,000 after acquiring an additional 6,328 shares during the period. ABC Arbitrage SA purchased a new position in shares of Frontier Communications Parent during the fourth quarter valued at approximately $5,259,000. Blue Trust Inc. lifted its position in Frontier Communications Parent by 36.8% during the fourth quarter. Blue Trust Inc. now owns 5,883 shares of the company’s stock valued at $209,000 after purchasing an additional 1,581 shares during the period. New York State Teachers Retirement System boosted its holdings in Frontier Communications Parent by 1.5% in the fourth quarter. New York State Teachers Retirement System now owns 151,243 shares of the company’s stock worth $5,248,000 after purchasing an additional 2,255 shares during the last quarter. Finally, Savant Capital LLC grew its position in Frontier Communications Parent by 33.2% in the 4th quarter. Savant Capital LLC now owns 9,602 shares of the company’s stock worth $333,000 after purchasing an additional 2,394 shares during the period.

Frontier Communications Parent Price Performance

Shares of Frontier Communications Parent stock opened at $35.73 on Friday. The stock’s fifty day moving average is $35.27 and its 200 day moving average is $34.08. Frontier Communications Parent, Inc. has a one year low of $20.51 and a one year high of $39.21. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a market cap of $8.90 billion, a P/E ratio of -47.64 and a beta of 1.05.

Insider Transactions at Frontier Communications Parent

In other Frontier Communications Parent news, EVP John Harrobin sold 23,491 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $34.85, for a total value of $818,661.35. Following the completion of the transaction, the executive vice president now directly owns 121,182 shares in the company, valued at $4,223,192.70. This represents a 16.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

FYBR has been the topic of several research analyst reports. Benchmark cut Frontier Communications Parent from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Raymond James downgraded Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock 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.