Blue Trust Inc. raised its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR – Free Report) by 91.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,302 shares of the company’s stock after buying an additional 2,057 shares during the period. Blue Trust Inc.’s holdings in Frontier Communications Parent were worth $153,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the stock. International Assets Investment Management LLC bought a new position in Frontier Communications Parent in the 2nd quarter worth $37,000. Game Plan Financial Advisors LLC raised its holdings in Frontier Communications Parent by 23.8% in the 2nd quarter. Game Plan Financial Advisors LLC now owns 2,600 shares of the company’s stock worth $68,000 after acquiring an additional 500 shares during the period. GAMMA Investing LLC raised its holdings in Frontier Communications Parent by 18.9% in the 3rd quarter. GAMMA Investing LLC now owns 2,799 shares of the company’s stock worth $99,000 after acquiring an additional 444 shares during the period. Russell Investments Group Ltd. raised its holdings in Frontier Communications Parent by 140.9% in the 1st quarter. Russell Investments Group Ltd. now owns 4,208 shares of the company’s stock worth $103,000 after acquiring an additional 2,461 shares during the period. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Frontier Communications Parent by 12.7% during the 1st quarter. Daiwa Securities Group Inc. now owns 7,100 shares of the company’s stock worth $174,000 after purchasing an additional 800 shares during the period.
Frontier Communications Parent Price Performance
Shares of FYBR stock opened at $36.01 on Monday. Frontier Communications Parent, Inc. has a 1 year low of $16.29 and a 1 year high of $39.21. The firm’s 50 day moving average is $34.01 and its 200-day moving average is $28.77. The firm has a market capitalization of $8.97 billion, a price-to-earnings ratio of -97.32 and a beta of 1.10. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.19.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on FYBR. Wolfe Research downgraded shares of Frontier Communications Parent from an “outperform” rating to a “peer perform” rating in a report on Monday, September 30th. Citigroup downgraded shares of Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Moffett Nathanson downgraded shares of Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 5th. The Goldman Sachs Group boosted their price objective on shares of Frontier Communications Parent from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Finally, Benchmark restated a “buy” rating and set a $37.00 price objective on shares of Frontier Communications Parent in a report on Thursday, September 5th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $35.31.
Check Out Our Latest Analysis on FYBR
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.
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