Frontier Communications Parent, Inc. (NASDAQ:FYBR) Shares Sold by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC decreased its position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,581 shares of the company’s stock after selling 292 shares during the quarter. United Capital Financial Advisors LLC’s holdings in Frontier Communications Parent were worth $228,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Frontier Communications Parent in the fourth quarter valued at $191,247,000. FIL Ltd acquired a new position in Frontier Communications Parent during the fourth quarter worth about $49,228,000. Alliancebernstein L.P. lifted its holdings in shares of Frontier Communications Parent by 411.3% in the fourth quarter. Alliancebernstein L.P. now owns 1,560,375 shares of the company’s stock valued at $54,145,000 after purchasing an additional 1,255,180 shares in the last quarter. Highbridge Capital Management LLC grew its position in shares of Frontier Communications Parent by 375.0% in the fourth quarter. Highbridge Capital Management LLC now owns 1,084,546 shares of the company’s stock valued at $37,634,000 after purchasing an additional 856,218 shares during the last quarter. Finally, Alpine Associates Management Inc. raised its position in shares of 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 purchasing an additional 765,250 shares during the last quarter.

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 that occurred on Monday, March 3rd. The shares were sold at an average price of $36.01, for a total transaction of $1,296,360.00. Following the sale, the executive vice president now owns 76,523 shares in the company, valued at $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 SEC, which is available at this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

FYBR has been the subject of several recent research reports. Benchmark reissued a “hold” rating on shares of Frontier Communications Parent in a research report on Tuesday, February 25th. Raymond James lowered shares of Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a report on Thursday, February 6th. Finally, 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. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $36.07.

Frontier Communications Parent Price Performance

FYBR stock opened at $36.05 on Tuesday. The stock has a 50-day moving average price of $35.85 and a two-hundred day moving average price of $35.43. The company has a market cap of $9.02 billion, a PE ratio of -27.95 and a beta of 1.01. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.28. Frontier Communications Parent, Inc. has a 12-month low of $21.31 and a 12-month high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.47 billion. As a group, research analysts predict that Frontier Communications Parent, Inc. will post -1.11 EPS for the current year.

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.