Frontier Communications Parent, Inc. (NASDAQ:FYBR) Shares Bought by Creative Planning

Creative Planning grew its position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 21.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,383 shares of the company’s stock after acquiring an additional 2,541 shares during the quarter. Creative Planning’s holdings in Frontier Communications Parent were worth $511,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new stake in Frontier Communications Parent during the first quarter worth about $1,449,000. Redwood Investment Management LLC purchased a new stake in shares of Frontier Communications Parent in the first quarter worth about $641,000. Quantbot Technologies LP purchased a new stake in shares of Frontier Communications Parent in the first quarter worth about $582,000. Luxor Capital Group LP boosted its position in shares of Frontier Communications Parent by 1.6% in the second quarter. Luxor Capital Group LP now owns 2,796,332 shares of the company’s stock worth $73,208,000 after buying an additional 43,542 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Frontier Communications Parent by 0.5% in the first quarter. Vanguard Group Inc. now owns 24,072,547 shares of the company’s stock worth $589,777,000 after buying an additional 108,344 shares during the period.

Frontier Communications Parent Trading Down 1.3 %

NASDAQ:FYBR opened at $34.95 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.19. The business’s 50 day moving average is $34.85 and its two-hundred day moving average is $29.29. Frontier Communications Parent, Inc. has a 52 week low of $18.43 and a 52 week high of $39.21. The company has a market cap of $8.70 billion, a PE ratio of -94.46 and a beta of 1.10.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on FYBR shares. Citigroup downgraded Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Moffett Nathanson downgraded Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 5th. The Goldman Sachs Group upped their target price on Frontier Communications Parent from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Wolfe Research downgraded Frontier Communications Parent from an “outperform” rating to a “peer perform” rating in a report on Monday, September 30th. Finally, JPMorgan Chase & Co. downgraded Frontier Communications Parent from an “overweight” rating to a “neutral” rating and increased their price target for the company from $35.00 to $38.50 in a report on Tuesday, September 17th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $35.31.

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.