Mutual of America Capital Management LLC Sells 2,484 Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Mutual of America Capital Management LLC trimmed its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 2.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 117,071 shares of the company’s stock after selling 2,484 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Frontier Communications Parent were worth $4,062,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of FYBR. UMB Bank n.a. lifted its position in shares of Frontier Communications Parent by 68.0% during the 4th quarter. UMB Bank n.a. now owns 1,050 shares of the company’s stock valued at $36,000 after acquiring an additional 425 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Frontier Communications Parent during the 3rd quarter valued at $50,000. Meeder Asset Management Inc. bought a new stake in shares of Frontier Communications Parent during the 3rd quarter valued at $52,000. Farther Finance Advisors LLC lifted its position in shares of Frontier Communications Parent by 80.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,815 shares of the company’s stock valued at $64,000 after acquiring an additional 811 shares during the period. Finally, Quarry LP bought a new stake in shares of Frontier Communications Parent during the 3rd quarter valued at $91,000.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Benchmark restated a “hold” rating on shares of Frontier Communications Parent in a research report on Tuesday, February 25th. Raymond James downgraded Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a research report on Thursday, February 6th. Finally, New Street Research downgraded Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 21st. One 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 data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $35.31.

Frontier Communications Parent Price Performance

Frontier Communications Parent stock opened at $36.03 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 $9.00 billion, a PE ratio of -27.93 and a beta of 1.05. 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 price of $35.57 and a two-hundred day moving average price of $34.81.

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 firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.47 billion. Frontier Communications Parent had a negative net margin of 5.42% and a negative return on equity of 6.25%. Analysts expect that Frontier Communications Parent, Inc. will post -1.11 EPS for the current year.

Insider Buying and Selling at Frontier Communications Parent

In other Frontier Communications Parent news, EVP John Harrobin sold 36,000 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $36.01, for a total value of $1,296,360.00. Following the completion of the transaction, the executive vice president now directly owns 76,523 shares in the company, valued at approximately $2,755,593.23. This trade represents a 31.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.40% of the company’s stock.

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.