Frontier Communications Parent, Inc. (NASDAQ:FYBR) Shares Sold by Capula Management Ltd

Capula Management Ltd lowered its holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 91.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,181 shares of the company’s stock after selling 466,519 shares during the quarter. Capula Management Ltd’s holdings in Frontier Communications Parent were worth $1,498,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Cerity Partners LLC purchased a new position in Frontier Communications Parent in the third quarter valued at $440,000. Captrust Financial Advisors lifted its position in Frontier Communications Parent by 6.5% during the third quarter. Captrust Financial Advisors now owns 9,540 shares of the company’s stock worth $339,000 after buying an additional 581 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Frontier Communications Parent during the 3rd quarter worth $1,990,000. National Bank of Canada FI boosted its holdings in Frontier Communications Parent by 73.8% in the 3rd quarter. National Bank of Canada FI now owns 57,797 shares of the company’s stock valued at $2,054,000 after purchasing an additional 24,542 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in Frontier Communications Parent in the third quarter valued at approximately $618,000.

Frontier Communications Parent Price Performance

Shares of NASDAQ:FYBR opened at $35.51 on Tuesday. Frontier Communications Parent, Inc. has a one year low of $21.31 and a one year high of $39.21. The stock has a market capitalization of $8.87 billion, a price-to-earnings ratio of -27.53 and a beta of 1.01. The company has a 50-day simple moving average of $35.82 and a 200-day simple moving average of $35.40. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77.

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

Analyst Ratings Changes

FYBR has been the subject of a number of research analyst reports. New Street Research cut shares of Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research 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 cut Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $35.31.

Insider Buying and Selling at Frontier Communications Parent

In other news, EVP John Harrobin sold 36,000 shares of Frontier Communications Parent stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $36.01, for a total value of $1,296,360.00. Following the sale, the executive vice president now owns 76,523 shares of the company’s stock, valued at $2,755,593.23. The trade was a 31.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

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.