Frontier Communications Parent, Inc. (NASDAQ:FYBR) Stake Cut by Cwm LLC

Cwm LLC reduced its stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 25.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,595 shares of the company’s stock after selling 544 shares during the quarter. Cwm LLC’s holdings in Frontier Communications Parent were worth $40,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in FYBR. Covestor Ltd lifted its stake in Frontier Communications Parent by 101.6% in the third quarter. Covestor Ltd now owns 7,811 shares of the company’s stock valued at $122,000 after buying an additional 3,937 shares during the last quarter. Blueshift Asset Management LLC bought a new stake in Frontier Communications Parent in the 3rd quarter valued at about $157,000. Janney Montgomery Scott LLC bought a new position in Frontier Communications Parent in the 3rd quarter worth about $157,000. Aristeia Capital LLC acquired a new stake in shares of Frontier Communications Parent in the third quarter valued at approximately $163,000. Finally, Traverso Chambers Private Wealth Management LLC bought a new stake in shares of Frontier Communications Parent during the fourth quarter valued at approximately $205,000.

Wall Street Analyst Weigh In

Several analysts recently commented on FYBR shares. TD Cowen lowered their target price on Frontier Communications Parent from $41.00 to $39.00 and set a “buy” rating on the stock in a research report on Monday. Citigroup raised their price target on Frontier Communications Parent from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Bank of America initiated coverage on shares of Frontier Communications Parent in a report on Tuesday, April 9th. They issued a “buy” rating and a $30.00 price objective for the company. One investment analyst has rated the stock with a sell rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.13.

Frontier Communications Parent Price Performance

NASDAQ:FYBR opened at $25.80 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.07 and a debt-to-equity ratio of 2.14. The business’s 50-day moving average price is $23.82 and its 200 day moving average price is $22.89. Frontier Communications Parent, Inc. has a 52-week low of $11.65 and a 52-week high of $27.41. The firm has a market cap of $6.41 billion, a P/E ratio of 234.55 and a beta of 1.05.

Frontier Communications Parent (NASDAQ:FYBR) last announced its quarterly earnings data on Friday, February 23rd. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.06. Frontier Communications Parent had a net margin of 0.47% and a return on equity of 0.52%. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the previous year, the company posted $0.63 EPS. The business’s revenue was down .8% compared to the same quarter last year. As a group, sell-side analysts predict that Frontier Communications Parent, Inc. will post -0.2 earnings per share for the current fiscal year.

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.