16,480 Shares in Frontier Communications Parent, Inc. (NASDAQ:FYBR) Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 16,480 shares of the company’s stock, valued at approximately $586,000.

Other large investors have also made changes to their positions in the company. Redwood Investment Management LLC bought a new position in Frontier Communications Parent in the 1st quarter valued at approximately $641,000. Luxor Capital Group LP lifted its stake in Frontier Communications Parent by 1.6% in the 2nd quarter. Luxor Capital Group LP now owns 2,796,332 shares of the company’s stock valued at $73,208,000 after purchasing an additional 43,542 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Frontier Communications Parent by 24.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,088,749 shares of the company’s stock valued at $211,758,000 after purchasing an additional 1,587,145 shares during the last quarter. Vanguard Group Inc. lifted its stake in Frontier Communications Parent by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 24,072,547 shares of the company’s stock valued at $589,777,000 after purchasing an additional 108,344 shares during the last quarter. Finally, Affinity Wealth Management LLC bought a new position in Frontier Communications Parent in the 3rd quarter valued at approximately $4,060,000.

Frontier Communications Parent Price Performance

Shares of NASDAQ FYBR opened at $34.93 on Tuesday. Frontier Communications Parent, Inc. has a twelve month low of $20.42 and a twelve month high of $39.21. The firm has a fifty day simple moving average of $35.46 and a 200 day simple moving average of $30.12. The company has a market capitalization of $8.70 billion, a PE ratio of -46.57 and a beta of 1.10. 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 (NASDAQ:FYBR) last posted its quarterly earnings results on Tuesday, November 5th. The company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.11). The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.46 billion. Frontier Communications Parent had a negative return on equity of 3.61% and a negative net margin of 3.19%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.05 earnings per share. On average, sell-side analysts forecast that Frontier Communications Parent, Inc. will post -0.83 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on FYBR. Raymond James downgraded shares of Frontier Communications Parent from a “strong-buy” rating to a “market perform” rating in a research note on Monday, October 28th. BNP Paribas raised shares of Frontier Communications Parent to a “hold” rating in a research note on Monday, October 14th. JPMorgan Chase & Co. downgraded shares of Frontier Communications Parent from an “overweight” rating to a “neutral” rating and raised their price target for the company from $35.00 to $38.50 in a research note on Tuesday, September 17th. Benchmark reaffirmed a “buy” rating and set a $37.00 price target on shares of Frontier Communications Parent in a research note on Thursday, September 5th. Finally, Wolfe Research downgraded shares of Frontier Communications Parent from an “outperform” rating to a “peer perform” rating in a research note on Monday, September 30th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Frontier Communications Parent currently has an average rating of “Hold” and an average price target of $35.31.

About Frontier Communications Parent

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.