Frontier Communications Parent, Inc. (NASDAQ:FYBR) is Quinn Opportunity Partners LLC’s 3rd Largest Position

Quinn Opportunity Partners LLC raised its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 19.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,569,519 shares of the company’s stock after purchasing an additional 250,050 shares during the quarter. Frontier Communications Parent accounts for approximately 3.7% of Quinn Opportunity Partners LLC’s portfolio, making the stock its 3rd largest holding. Quinn Opportunity Partners LLC’s holdings in Frontier Communications Parent were worth $54,462,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. New York Life Investment Management LLC purchased a new stake in shares of Frontier Communications Parent in the fourth quarter worth about $9,148,000. Tokio Marine Asset Management Co. Ltd. acquired a new stake in Frontier Communications Parent in the fourth quarter valued at approximately $9,948,000. Raymond James Financial Inc. purchased a new stake in shares of Frontier Communications Parent during the fourth quarter valued at approximately $2,065,000. Alpine Associates Management Inc. lifted its position in shares of Frontier Communications Parent by 275.9% during the fourth 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 in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of Frontier Communications Parent in the fourth quarter valued at $1,583,000.

Insider Activity at Frontier Communications Parent

In related news, EVP John Harrobin sold 36,000 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 76,523 shares of the company’s stock, valued at approximately $2,755,593.23. This trade represents a 31.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.40% of the company’s stock.

Frontier Communications Parent Trading Up 0.4 %

NASDAQ:FYBR opened at $35.94 on Friday. The company has a market cap of $8.97 billion, a PE ratio of -27.86 and a beta of 1.01. The business’s 50 day moving average is $35.82 and its two-hundred day moving average is $35.41. 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 52 week low of $21.31 and a 52 week high of $39.21.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Benchmark reaffirmed a “hold” rating on shares of Frontier Communications Parent in a research note on Tuesday, February 25th. New Street Research lowered Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Raymond James downgraded Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $36.07.

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.