Wealth Enhancement Advisory Services LLC Buys 1,303 Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Wealth Enhancement Advisory Services LLC boosted its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 20.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,547 shares of the company’s stock after purchasing an additional 1,303 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Frontier Communications Parent were worth $262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Frontier Communications Parent by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 24,277,017 shares of the company’s stock valued at $842,412,000 after buying an additional 303,545 shares during the last quarter. Norges Bank purchased a new position in shares of Frontier Communications Parent in the fourth quarter worth about $191,247,000. Tudor Investment Corp ET AL purchased a new position in shares of Frontier Communications Parent in the fourth quarter worth about $114,555,000. Adage Capital Partners GP L.L.C. raised its stake in shares of Frontier Communications Parent by 472.7% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 3,149,714 shares of the company’s stock worth $109,295,000 after purchasing an additional 2,599,714 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Frontier Communications Parent by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,323,203 shares of the company’s stock valued at $80,615,000 after acquiring an additional 12,251 shares in the last quarter.

Frontier Communications Parent Stock Performance

Shares of Frontier Communications Parent stock opened at $36.10 on Monday. Frontier Communications Parent, Inc. has a one year low of $24.43 and a one year high of $39.21. The company has a market cap of $9.03 billion, a price-to-earnings ratio of -27.98 and a beta of 0.97. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77. The business’s 50 day moving average price is $36.31 and its 200 day moving average price is $35.75.

Frontier Communications Parent (NASDAQ:FYBR) last posted its earnings results on Tuesday, April 29th. The company reported ($0.26) 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 for the quarter, compared to the consensus estimate of $1.51 billion. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, research analysts predict that Frontier Communications Parent, Inc. will post -1.11 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Benchmark reissued a “hold” rating on shares of Frontier Communications Parent in a report on Tuesday, February 25th. New Street Research lowered Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Frontier Communications Parent currently has an average rating of “Hold” and a consensus price target of $36.07.

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.