Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $6.90 Million Holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 169.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 198,946 shares of the company’s stock after purchasing an additional 125,184 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Frontier Communications Parent were worth $6,903,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. UMB Bank n.a. increased its holdings in Frontier Communications Parent by 68.0% in the 4th quarter. UMB Bank n.a. now owns 1,050 shares of the company’s stock valued at $36,000 after buying an additional 425 shares during the period. Quarry LP bought a new stake in Frontier Communications Parent in the 3rd quarter valued at $91,000. Blue Trust Inc. increased its holdings in Frontier Communications Parent by 36.8% in the 4th quarter. Blue Trust Inc. now owns 5,883 shares of the company’s stock valued at $209,000 after buying an additional 1,581 shares during the period. Impact Partnership Wealth LLC bought a new stake in Frontier Communications Parent in the 4th quarter valued at $228,000. Finally, Vestcor Inc bought a new stake in Frontier Communications Parent in the 4th quarter valued at $234,000.

Frontier Communications Parent Stock Down 0.4 %

Shares of NASDAQ FYBR opened at $35.79 on Friday. The firm’s 50-day simple moving average is $35.78 and its 200 day simple moving average is $35.41. The company has a market cap of $8.94 billion, a price-to-earnings ratio of -27.74 and a beta of 1.04. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.28. Frontier Communications Parent, Inc. has a 12-month low of $21.31 and a 12-month high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.28). The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.47 billion. Frontier Communications Parent had a negative return on equity of 6.25% and a negative net margin of 5.42%. On average, research analysts expect that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Frontier Communications Parent news, EVP John Harrobin sold 36,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $36.01, for a total transaction of $1,296,360.00. Following the transaction, the executive vice president now directly owns 76,523 shares in the company, valued at approximately $2,755,593.23. This represents a 31.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FYBR. New Street Research lowered shares of Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Friday, February 21st. Raymond James lowered shares of Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a report on Thursday, February 6th. Finally, Benchmark reaffirmed a “hold” rating on shares of Frontier Communications Parent in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Frontier Communications Parent presently has a consensus rating of “Hold” and an average target price of $35.31.

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.