1,256 Shares in Frontier Communications Parent, Inc. (NASDAQ:FYBR) Acquired by GAMMA Investing LLC

GAMMA Investing LLC bought a new stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,256 shares of the company’s stock, valued at approximately $31,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James & Associates increased its position in Frontier Communications Parent by 123.5% during the third quarter. Raymond James & Associates now owns 48,642 shares of the company’s stock valued at $761,000 after acquiring an additional 26,877 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Frontier Communications Parent during the 3rd quarter valued at about $234,000. New York State Teachers Retirement System lifted its stake in shares of Frontier Communications Parent by 11.4% in the 3rd quarter. New York State Teachers Retirement System now owns 171,708 shares of the company’s stock worth $2,687,000 after purchasing an additional 17,555 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Frontier Communications Parent by 11.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,028 shares of the company’s stock worth $548,000 after buying an additional 3,592 shares during the last quarter. Finally, Mackenzie Financial Corp grew its position in Frontier Communications Parent by 1,282.2% during the third quarter. Mackenzie Financial Corp now owns 358,647 shares of the company’s stock valued at $5,613,000 after buying an additional 332,700 shares during the period.

Analysts Set New Price Targets

FYBR has been the topic of several analyst reports. Citigroup upgraded shares of Frontier Communications Parent from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $28.00 to $30.00 in a research note on Monday, April 15th. Bank of America assumed coverage on Frontier Communications Parent in a research report on Tuesday, April 9th. They set a “buy” rating and a $30.00 target price on the stock. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $27.43.

Frontier Communications Parent Stock Up 6.8 %

Shares of FYBR stock opened at $25.62 on Monday. The company has a debt-to-equity ratio of 2.13, a current ratio of 1.22 and a quick ratio of 1.22. Frontier Communications Parent, Inc. has a one year low of $11.65 and a one year high of $27.41. The company’s fifty day moving average price is $23.66 and its 200-day moving average price is $22.75. The company has a market capitalization of $6.37 billion, a price-to-earnings ratio of 232.91 and a beta of 1.05.

Frontier Communications Parent (NASDAQ:FYBR) last issued its quarterly earnings results on Friday, February 23rd. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. Frontier Communications Parent had a return on equity of 0.56% and a net margin of 0.50%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the business posted $0.63 EPS. Frontier Communications Parent’s revenue for the quarter was down .8% compared to the same quarter last year. Sell-side analysts expect that Frontier Communications Parent, Inc. will post -0.2 EPS for the current fiscal year.

About Frontier Communications Parent

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.