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

Game Plan Financial Advisors LLC raised its stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 200.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,000 shares of the company’s stock after buying an additional 6,000 shares during the period. Game Plan Financial Advisors LLC’s holdings in Frontier Communications Parent were worth $313,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Slotnik Capital LLC purchased a new stake in Frontier Communications Parent during the 3rd quarter valued at about $34,286,000. Sand Grove Capital Management LLP purchased a new stake in shares of Frontier Communications Parent during the third quarter valued at approximately $18,490,000. Anchorage Capital Advisors L.P. grew its holdings in shares of Frontier Communications Parent by 26.6% in the third quarter. Anchorage Capital Advisors L.P. now owns 1,729,555 shares of the company’s stock worth $61,451,000 after purchasing an additional 362,888 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Frontier Communications Parent by 1,283.8% in the fourth quarter. SG Americas Securities LLC now owns 321,578 shares of the company’s stock worth $11,159,000 after buying an additional 298,339 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. bought a new stake in Frontier Communications Parent during the 4th quarter valued at $9,948,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Raymond James downgraded shares of Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a research note on Thursday, February 6th. Benchmark cut Frontier Communications Parent from a “buy” rating to a “hold” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Frontier Communications Parent currently has a consensus rating of “Hold” and an average price target of $35.31.

Frontier Communications Parent Stock Performance

Frontier Communications Parent stock opened at $35.73 on Friday. Frontier Communications Parent, Inc. has a fifty-two week low of $20.51 and a fifty-two week high of $39.21. The stock has a market cap of $8.90 billion, a price-to-earnings ratio of -47.64 and a beta of 1.05. The stock’s 50 day simple moving average is $35.27 and its two-hundred day simple moving average is $34.08. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77.

Insider Activity

In related news, EVP John Harrobin sold 23,491 shares of the stock in a transaction dated 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 trade represents a 16.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is currently owned by company insiders.

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.