WINTON GROUP Ltd Sells 9,954 Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR)

WINTON GROUP Ltd trimmed its position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 3.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 278,034 shares of the company’s stock after selling 9,954 shares during the quarter. Frontier Communications Parent accounts for about 0.6% of WINTON GROUP Ltd’s holdings, making the stock its 25th largest holding. WINTON GROUP Ltd’s holdings in Frontier Communications Parent were worth $9,648,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in FYBR. Slotnik Capital LLC bought a new stake in shares of Frontier Communications Parent in the 3rd quarter worth approximately $34,286,000. Alpine Associates Management Inc. increased its holdings in shares of Frontier Communications Parent by 275.9% during the fourth quarter. Alpine Associates Management Inc. now owns 1,042,630 shares of the company’s stock valued at $36,179,000 after acquiring an additional 765,250 shares in the last quarter. Picton Mahoney Asset Management bought a new position in shares of Frontier Communications Parent in the fourth quarter worth approximately $25,157,000. Alberta Investment Management Corp bought a new position in Frontier Communications Parent in the 4th quarter valued at approximately $24,863,000. Finally, Amundi boosted its holdings in shares of Frontier Communications Parent by 1,363.0% during the 4th quarter. Amundi now owns 746,109 shares of the company’s stock valued at $26,345,000 after acquiring an additional 695,109 shares during the last quarter.

Insider Buying and Selling at Frontier Communications Parent

In related news, EVP John Harrobin sold 36,000 shares of the stock in a transaction on 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 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 at the SEC website. 1.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on FYBR. Raymond James cut Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a report on Thursday, February 6th. New Street Research lowered Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Benchmark restated 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. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $35.31.

Frontier Communications Parent Trading Up 0.2 %

Shares of Frontier Communications Parent stock opened at $35.83 on Thursday. The firm has a market capitalization of $8.95 billion, a price-to-earnings ratio of -27.78 and a beta of 1.04. Frontier Communications Parent, Inc. has a fifty-two week low of $21.31 and a fifty-two week high of $39.21. The stock has a 50 day moving average of $35.80 and a 200 day moving average of $35.40. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77.

Frontier Communications Parent (NASDAQ:FYBR) last announced its earnings results on Thursday, February 20th. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.28). The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Frontier Communications Parent had a negative return on equity of 6.25% and a negative net margin of 5.42%. As a group, research analysts predict that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current year.

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.