Xponance Inc. Has $915,000 Stock Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Xponance Inc. grew its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,379 shares of the company’s stock after acquiring an additional 1,495 shares during the period. Xponance Inc.’s holdings in Frontier Communications Parent were worth $915,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Slotnik Capital LLC acquired a new stake in Frontier Communications Parent during the 3rd quarter worth approximately $34,286,000. Alpine Associates Management Inc. increased its position in Frontier Communications Parent by 275.9% during the 4th quarter. Alpine Associates Management Inc. now owns 1,042,630 shares of the company’s stock worth $36,179,000 after buying an additional 765,250 shares during the period. Picton Mahoney Asset Management acquired a new stake in shares of Frontier Communications Parent during the fourth quarter worth $25,157,000. Alberta Investment Management Corp acquired a new position in shares of Frontier Communications Parent in the fourth quarter valued at about $24,863,000. Finally, Amundi increased its position in Frontier Communications Parent by 1,363.0% during the fourth quarter. Amundi now owns 746,109 shares of the company’s stock worth $26,345,000 after acquiring an additional 695,109 shares during the period.

Insider Buying and Selling at Frontier Communications Parent

In other news, EVP John Harrobin sold 36,000 shares of the stock in a transaction on 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 represents a 31.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.40% of the company’s stock.

Frontier Communications Parent Price Performance

Shares of FYBR stock opened at $35.76 on Tuesday. The business has a fifty day simple moving average of $35.79 and a 200 day simple moving average of $35.39. The company has a market cap of $8.93 billion, a P/E ratio of -27.72 and a beta of 1.04. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.28. Frontier Communications Parent, Inc. has a twelve month low of $21.31 and a twelve month high of $39.21.

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

Analyst Upgrades and Downgrades

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

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.