Cwm LLC Buys 1,051 Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Cwm LLC increased its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBRGet Rating) by 2,144.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,100 shares of the company’s stock after acquiring an additional 1,051 shares during the quarter. Cwm LLC’s holdings in Frontier Communications Parent were worth $26,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FYBR. Bank of New York Mellon Corp increased its position in Frontier Communications Parent by 1.2% during the first quarter. Bank of New York Mellon Corp now owns 324,053 shares of the company’s stock worth $8,966,000 after acquiring an additional 3,995 shares during the period. American Century Companies Inc. acquired a new stake in Frontier Communications Parent during the first quarter worth $749,000. Bank of Montreal Can acquired a new stake in Frontier Communications Parent during the first quarter worth $5,088,000. Dimensional Fund Advisors LP acquired a new stake in Frontier Communications Parent during the first quarter worth $3,517,000. Finally, Sei Investments Co. boosted its stake in Frontier Communications Parent by 104.9% during the first quarter. Sei Investments Co. now owns 151,036 shares of the company’s stock worth $4,179,000 after buying an additional 77,309 shares in the last quarter.

Frontier Communications Parent Price Performance

Shares of FYBR opened at $28.76 on Friday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a 50 day simple moving average of $25.74 and a 200 day simple moving average of $25.03. Frontier Communications Parent, Inc. has a 52-week low of $20.83 and a 52-week high of $29.69. The firm has a market capitalization of $7.05 billion, a PE ratio of 14.90 and a beta of 0.78.

Frontier Communications Parent (NASDAQ:FYBRGet Rating) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.21 by $0.28. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.44 billion. Frontier Communications Parent had a return on equity of 10.00% and a net margin of 8.06%. Sell-side analysts predict that Frontier Communications Parent, Inc. will post 1.42 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group decreased their price target on shares of Frontier Communications Parent from $40.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, November 3rd. Morgan Stanley boosted their target price on shares of Frontier Communications Parent from $22.00 to $23.00 and gave the company an “equal weight” rating in a research note on Thursday, December 15th. Citigroup reduced their target price on shares of Frontier Communications Parent from $32.00 to $31.00 and set a “buy” rating on the stock in a research note on Wednesday, November 9th. Finally, Moffett Nathanson reduced their target price on shares of Frontier Communications Parent to $29.00 in a research note on Thursday, September 29th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Frontier Communications Parent presently has an average rating of “Moderate Buy” and a consensus price target of $34.00.

Frontier Communications Parent Company Profile

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Frontier Communications Parent, Inc, together with its subsidiaries, provides communications services for consumer and business customers in 25 states in the United States. It offers data and Internet, voice, video, and other services. The company was formerly known as Frontier Communications Corporation and changed its name to Frontier Communications Parent, Inc in April 2021.

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

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