Vanguard Personalized Indexing Management LLC Buys 2,516 Shares of Frontier Communications Parent, Inc. $FYBR

Vanguard Personalized Indexing Management LLC increased its stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 10.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,396 shares of the company’s stock after purchasing an additional 2,516 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Frontier Communications Parent were worth $997,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Frontier Communications Parent by 0.3% in the first quarter. Vanguard Group Inc. now owns 24,354,812 shares of the company’s stock worth $873,364,000 after purchasing an additional 77,795 shares during the last quarter. Pentwater Capital Management LP purchased a new stake in Frontier Communications Parent in the first quarter worth approximately $161,370,000. Millennium Management LLC boosted its stake in Frontier Communications Parent by 56.2% in the first quarter. Millennium Management LLC now owns 4,487,109 shares of the company’s stock worth $160,908,000 after buying an additional 1,615,356 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in Frontier Communications Parent by 39.0% in the first quarter. Adage Capital Partners GP L.L.C. now owns 4,378,238 shares of the company’s stock worth $157,004,000 after buying an additional 1,228,524 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Frontier Communications Parent by 129.1% in the first quarter. Goldman Sachs Group Inc. now owns 2,336,646 shares of the company’s stock worth $83,792,000 after buying an additional 1,316,597 shares in the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Frontier Communications Parent in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Frontier Communications Parent presently has an average rating of “Reduce”.

Frontier Communications Parent Stock Up 0.1%

Shares of FYBR opened at $37.53 on Monday. The firm has a market cap of $9.39 billion, a P/E ratio of -24.21 and a beta of 0.94. The stock has a 50 day simple moving average of $37.24 and a two-hundred day simple moving average of $36.69. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.36 and a quick ratio of 0.36. 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 released its quarterly earnings data on Tuesday, July 29th. The company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.18). The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Frontier Communications Parent had a negative net margin of 6.40% and a negative return on equity of 7.88%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the company posted ($0.49) EPS. On average, analysts forecast that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current fiscal year.

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.