TCW Group Inc. Has $16.09 Million Holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

TCW Group Inc. reduced its holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 7.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 463,695 shares of the company’s stock after selling 40,000 shares during the quarter. TCW Group Inc.’s holdings in Frontier Communications Parent were worth $16,090,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. UMB Bank n.a. boosted its holdings in shares of Frontier Communications Parent by 68.0% in the 4th quarter. UMB Bank n.a. now owns 1,050 shares of the company’s stock worth $36,000 after acquiring an additional 425 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Frontier Communications Parent in the 3rd quarter worth approximately $50,000. Meeder Asset Management Inc. acquired a new position in shares of Frontier Communications Parent in the 3rd quarter worth approximately $52,000. Farther Finance Advisors LLC boosted its holdings in shares of Frontier Communications Parent by 80.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,815 shares of the company’s stock worth $64,000 after acquiring an additional 811 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Frontier Communications Parent in the 3rd quarter worth approximately $91,000.

Wall Street Analyst Weigh In

FYBR has been the subject of several research analyst reports. Raymond James cut shares of Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a research report on Thursday, February 6th. Benchmark cut shares of Frontier Communications Parent from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.31.

Frontier Communications Parent Stock Performance

Shares of Frontier Communications Parent stock opened at $35.78 on Friday. The firm has a fifty day moving average of $35.38 and a two-hundred day moving average of $34.36. The stock has a market capitalization of $8.91 billion, a price-to-earnings ratio of -27.74 and a beta of 1.05. Frontier Communications Parent, Inc. has a 52 week low of $20.51 and a 52 week high of $39.21. 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 issued its earnings results on Thursday, February 20th. The company reported ($0.47) EPS 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 the consensus estimate of $1.47 billion. Frontier Communications Parent had a negative net margin of 5.42% and a negative return on equity of 6.25%. As a group, equities research analysts predict that Frontier Communications Parent, Inc. will post -1.11 EPS for the current year.

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.