Alpine Associates Management Inc. Buys 199,917 Shares of Frontier Communications Parent, Inc. $FYBR

Alpine Associates Management Inc. increased its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 10.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,063,147 shares of the company’s stock after acquiring an additional 199,917 shares during the period. Frontier Communications Parent makes up 4.7% of Alpine Associates Management Inc.’s portfolio, making the stock its 9th biggest position. Alpine Associates Management Inc. owned approximately 0.82% of Frontier Communications Parent worth $77,059,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Royal Bank of Canada boosted its position in Frontier Communications Parent by 5.3% during the first quarter. Royal Bank of Canada now owns 35,250 shares of the company’s stock valued at $1,264,000 after purchasing an additional 1,778 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Frontier Communications Parent by 129.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,336,646 shares of the company’s stock worth $83,792,000 after acquiring an additional 1,316,597 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Frontier Communications Parent by 8.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 664,891 shares of the company’s stock worth $23,843,000 after purchasing an additional 49,803 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Frontier Communications Parent by 957.5% during the first quarter. Geneos Wealth Management Inc. now owns 772 shares of the company’s stock worth $28,000 after acquiring an additional 699 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in Frontier Communications Parent by 10.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 27,396 shares of the company’s stock valued at $997,000 after buying an additional 2,516 shares during the period.

Analyst Ratings Changes

FYBR has been the topic of several recent analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Frontier Communications Parent in a report on Monday, December 29th. Zacks Research raised Frontier Communications Parent from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Frontier Communications Parent Stock Up 0.1%

NASDAQ:FYBR opened at $38.49 on Thursday. Frontier Communications Parent, Inc. has a twelve month low of $35.31 and a twelve month high of $38.50. The firm has a market capitalization of $9.64 billion, a price-to-earnings ratio of -25.32 and a beta of 0.94. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 2.56. The stock’s 50 day moving average price is $38.26 and its two-hundred day moving average price is $37.68.

Frontier Communications Parent Company Profile

Frontier Communications Parent, Inc (NASDAQ: FYBR) is the holding company and parent organization of Frontier Communications, a provider of broadband, voice and video services across the United States. Formed in conjunction with the company’s restructuring and corporate spin-off, Frontier Communications Parent oversees the strategic direction and capital allocation for its operating subsidiaries, which deliver telecommunications solutions to residential and business customers.

The company’s operating units design, build and manage a diversified network infrastructure that includes fiber-to-the-premises (FTTP), digital subscriber line (DSL) and fixed wireless technologies.