Bayforest Capital Ltd Sells 5,286 Shares of Frontier Communications Parent, Inc. $FYBR

Bayforest Capital Ltd lessened its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 62.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,135 shares of the company’s stock after selling 5,286 shares during the period. Bayforest Capital Ltd’s holdings in Frontier Communications Parent were worth $114,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FYBR. Fifth Third Bancorp raised its holdings in Frontier Communications Parent by 15.4% in the 1st quarter. Fifth Third Bancorp now owns 2,424 shares of the company’s stock worth $87,000 after acquiring an additional 323 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Frontier Communications Parent by 23.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,302 shares of the company’s stock worth $334,000 after purchasing an additional 1,755 shares during the last quarter. QRG Capital Management Inc. bought a new position in shares of Frontier Communications Parent during the first quarter valued at $227,000. State of Alaska Department of Revenue lifted its holdings in shares of Frontier Communications Parent by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 25,973 shares of the company’s stock valued at $931,000 after purchasing an additional 705 shares in the last quarter. Finally, Jag Capital Management LLC boosted its position in shares of Frontier Communications Parent by 3.9% during the first quarter. Jag Capital Management LLC now owns 8,320 shares of the company’s stock valued at $298,000 after buying an additional 311 shares during the last quarter.

Frontier Communications Parent Price Performance

Shares of FYBR opened at $37.53 on Friday. The firm has a fifty day simple moving average of $37.24 and a two-hundred day simple moving average of $36.68. The firm has a market cap of $9.39 billion, a PE ratio of -24.21 and a beta of 0.94. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 2.49. Frontier Communications Parent, Inc. has a 1-year low of $33.72 and a 1-year high of $37.87.

Frontier Communications Parent (NASDAQ:FYBR) last issued its quarterly earnings data on Tuesday, July 29th. The company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.18). The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. Frontier Communications Parent had a negative return on equity of 7.88% and a negative net margin of 6.40%.The business’s revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.49) EPS. On average, equities analysts anticipate that Frontier Communications Parent, Inc. will post -1.11 EPS for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Frontier Communications Parent in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

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.