Two Sigma Securities LLC Takes $523,000 Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Two Sigma Securities LLC purchased a new stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 15,072 shares of the company’s stock, valued at approximately $523,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FYBR. Kovitz Investment Group Partners LLC acquired a new stake in Frontier Communications Parent during the 4th quarter worth $495,000. Credit Industriel ET Commercial acquired a new stake in shares of Frontier Communications Parent in the 4th quarter valued at about $4,185,000. Cigogne Management SA bought a new stake in Frontier Communications Parent in the 4th quarter valued at approximately $5,115,000. Adage Capital Partners GP L.L.C. boosted its holdings in Frontier Communications Parent by 472.7% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 3,149,714 shares of the company’s stock worth $109,295,000 after purchasing an additional 2,599,714 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Frontier Communications Parent by 13.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 173,877 shares of the company’s stock worth $6,034,000 after purchasing an additional 20,077 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on FYBR shares. 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. Raymond James lowered Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a report on Thursday, February 6th. Finally, Benchmark restated a “hold” rating on shares of Frontier Communications Parent in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Frontier Communications Parent has a consensus rating of “Hold” and a consensus price target of $36.07.

Frontier Communications Parent Trading Up 0.1 %

Frontier Communications Parent stock opened at $36.23 on Friday. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a 50-day simple moving average of $35.88 and a 200 day simple moving average of $35.45. The stock has a market capitalization of $9.07 billion, a P/E ratio of -28.09 and a beta of 1.01. Frontier Communications Parent, Inc. has a 52 week low of $22.80 and a 52 week high of $39.21.

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

Insider Buying and Selling at Frontier Communications Parent

In other news, EVP John Harrobin sold 36,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president now owns 76,523 shares in the company, valued at approximately $2,755,593.23. This trade represents a 31.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.40% of the company’s stock.

Frontier Communications Parent Company 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.