Frontier Communications Parent, Inc. (NASDAQ:FYBR) Shares Sold by Vise Technologies Inc.

Vise Technologies Inc. decreased its position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBRFree Report) by 29.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,034 shares of the company’s stock after selling 5,942 shares during the quarter. Vise Technologies Inc.’s holdings in Frontier Communications Parent were worth $356,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Glendon Capital Management LP lifted its stake in shares of Frontier Communications Parent by 6.2% during the third quarter. Glendon Capital Management LP now owns 24,215,909 shares of the company’s stock valued at $378,979,000 after buying an additional 1,417,609 shares during the period. Vanguard Group Inc. lifted its stake in shares of Frontier Communications Parent by 0.5% during the third quarter. Vanguard Group Inc. now owns 23,827,853 shares of the company’s stock valued at $372,906,000 after buying an additional 118,939 shares during the period. Canada Pension Plan Investment Board lifted its stake in shares of Frontier Communications Parent by 14.6% during the third quarter. Canada Pension Plan Investment Board now owns 9,814,910 shares of the company’s stock valued at $153,603,000 after buying an additional 1,250,000 shares during the period. JANA Partners Management LP purchased a new position in shares of Frontier Communications Parent during the third quarter valued at approximately $129,569,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Frontier Communications Parent by 41.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,861,434 shares of the company’s stock valued at $123,191,000 after buying an additional 1,415,278 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FYBR shares. TD Cowen reduced their price objective on shares of Frontier Communications Parent from $41.00 to $39.00 and set a “buy” rating on the stock in a research note on Monday, May 6th. Bank of America began coverage on shares of Frontier Communications Parent in a research note on Tuesday, April 9th. They set a “buy” rating and a $30.00 price target on the stock. Finally, Citigroup increased their price target on shares of Frontier Communications Parent from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Frontier Communications Parent has a consensus rating of “Moderate Buy” and a consensus price target of $29.13.

View Our Latest Report on FYBR

Frontier Communications Parent Stock Up 2.2 %

Shares of NASDAQ FYBR traded up $0.58 on Wednesday, hitting $26.72. The company had a trading volume of 2,393,564 shares, compared to its average volume of 1,649,337. The firm has a market capitalization of $6.64 billion, a P/E ratio of 240.36 and a beta of 1.05. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.14. Frontier Communications Parent, Inc. has a 12-month low of $11.65 and a 12-month high of $27.41. The business has a 50 day moving average of $23.96 and a two-hundred day moving average of $23.17.

Frontier Communications Parent (NASDAQ:FYBRGet Free Report) last issued its quarterly earnings data on Friday, February 23rd. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.06. Frontier Communications Parent had a net margin of 0.47% and a return on equity of 0.52%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the company earned $0.63 earnings per share. Frontier Communications Parent’s revenue for the quarter was down .8% on a year-over-year basis. As a group, equities research analysts forecast that Frontier Communications Parent, Inc. will post -0.3 earnings per share for the current fiscal year.

Frontier Communications Parent Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Frontier Communications Parent (NASDAQ:FYBR)

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