Frontier Communications Parent, Inc. (NASDAQ:FYBR) Shares Sold by Moody National Bank Trust Division

Moody National Bank Trust Division decreased its holdings in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 4.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 53,142 shares of the company’s stock after selling 2,702 shares during the period. Moody National Bank Trust Division’s holdings in Frontier Communications Parent were worth $1,844,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. GSA Capital Partners LLP bought a new stake in shares of Frontier Communications Parent in the 3rd quarter worth approximately $586,000. Anthracite Investment Company Inc. bought a new stake in Frontier Communications Parent in the third quarter valued at $1,743,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Frontier Communications Parent by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,310,952 shares of the company’s stock valued at $82,108,000 after acquiring an additional 109,648 shares during the period. FORA Capital LLC acquired a new position in shares of Frontier Communications Parent during the third quarter valued at $2,299,000. Finally, Citigroup Inc. grew its position in shares of Frontier Communications Parent by 106.9% during the third quarter. Citigroup Inc. now owns 239,893 shares of the company’s stock worth $8,523,000 after acquiring an additional 123,939 shares during the last quarter.

Frontier Communications Parent Price Performance

NASDAQ FYBR traded up $0.05 on Monday, reaching $35.15. The company’s stock had a trading volume of 1,042,974 shares, compared to its average volume of 2,911,588. The firm’s 50 day moving average is $34.78 and its two-hundred day moving average is $32.58. The stock has a market cap of $8.75 billion, a PE ratio of -46.87 and a beta of 1.05. 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, Inc. has a twelve month low of $20.51 and a twelve month high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR) last issued its earnings results on Tuesday, November 5th. The company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.11). The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.46 billion. Frontier Communications Parent had a negative return on equity of 3.61% and a negative net margin of 3.19%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.05 earnings per share. As a group, sell-side analysts predict that Frontier Communications Parent, Inc. will post -0.83 EPS for the current year.

Insider Buying and Selling

In related news, EVP John Harrobin sold 23,491 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $34.85, for a total value of $818,661.35. Following the completion of the sale, the executive vice president now owns 121,182 shares in the company, valued at approximately $4,223,192.70. This represents a 16.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on FYBR shares. TD Cowen lowered shares of Frontier Communications Parent from a “buy” rating to a “hold” rating and reduced their target price for the company from $39.00 to $38.50 in a research note on Tuesday, October 8th. Citigroup downgraded Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. BNP Paribas upgraded Frontier Communications Parent to a “hold” rating in a research report on Monday, October 14th. JPMorgan Chase & Co. lowered Frontier Communications Parent from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from $35.00 to $38.50 in a research report on Tuesday, September 17th. Finally, Wolfe Research lowered Frontier Communications Parent from an “outperform” rating to a “peer perform” rating in a report on Monday, September 30th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $35.31.

Frontier Communications Parent 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.