Frontier Communications Parent, Inc. (NASDAQ:FYBR) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers trimmed its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,619 shares of the company’s stock after selling 301 shares during the period. Cetera Investment Advisers’ holdings in Frontier Communications Parent were worth $611,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FYBR. Mariner LLC boosted its stake in shares of Frontier Communications Parent by 0.8% during the 4th quarter. Mariner LLC now owns 37,731 shares of the company’s stock worth $1,309,000 after acquiring an additional 301 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Frontier Communications Parent by 0.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 45,105 shares of the company’s stock worth $1,565,000 after purchasing an additional 344 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Frontier Communications Parent by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 7,567 shares of the company’s stock worth $263,000 after purchasing an additional 377 shares during the last quarter. Natixis Advisors LLC lifted its stake in Frontier Communications Parent by 2.5% in the 4th quarter. Natixis Advisors LLC now owns 19,324 shares of the company’s stock valued at $671,000 after buying an additional 473 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in Frontier Communications Parent by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 107,943 shares of the company’s stock valued at $3,746,000 after buying an additional 680 shares during the last quarter.

Insiders Place Their Bets

In related news, EVP John Harrobin sold 36,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $36.01, for a total transaction of $1,296,360.00. Following the completion of the sale, the executive vice president now owns 76,523 shares in the company, valued at $2,755,593.23. This represents a 31.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.60% of the company’s stock.

Frontier Communications Parent Stock Performance

Shares of FYBR opened at $36.68 on Tuesday. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.77 and a quick ratio of 0.77. The firm’s 50 day moving average is $36.17 and its 200-day moving average is $35.60. Frontier Communications Parent, Inc. has a 12-month low of $24.43 and a 12-month high of $39.21. The stock has a market capitalization of $9.18 billion, a P/E ratio of -28.43 and a beta of 1.01.

Frontier Communications Parent (NASDAQ:FYBR) last released its earnings results on Tuesday, April 29th. The company reported ($0.26) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.07. Frontier Communications Parent had a negative return on equity of 6.25% and a negative net margin of 5.42%. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.51 billion. The company’s revenue was up 3.5% compared to the same quarter last year. Equities research analysts anticipate that Frontier Communications Parent, Inc. will post -1.11 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on FYBR shares. Benchmark reiterated a “hold” rating on shares of Frontier Communications Parent in a report on Tuesday, February 25th. Raymond James lowered shares of Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a research report on Thursday, February 6th. Finally, New Street Research cut shares of Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $36.07.

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.