Mint Tower Capital Management B.V. Invests $1.77 Million in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Mint Tower Capital Management B.V. acquired a new stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 51,075 shares of the company’s stock, valued at approximately $1,772,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. UMB Bank n.a. lifted its holdings in Frontier Communications Parent by 68.0% in the fourth quarter. UMB Bank n.a. now owns 1,050 shares of the company’s stock worth $36,000 after buying an additional 425 shares during the period. Quarry LP bought a new position in shares of Frontier Communications Parent during the third quarter valued at $91,000. Blue Trust Inc. grew its stake in shares of Frontier Communications Parent by 36.8% in the fourth quarter. Blue Trust Inc. now owns 5,883 shares of the company’s stock worth $209,000 after acquiring an additional 1,581 shares during the period. Impact Partnership Wealth LLC purchased a new stake in Frontier Communications Parent during the 4th quarter valued at $228,000. Finally, Vestcor Inc purchased a new position in Frontier Communications Parent in the fourth quarter worth about $234,000.

Insider Transactions at Frontier Communications Parent

In related news, EVP John Harrobin sold 36,000 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was 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. The trade was a 31.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

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

Frontier Communications Parent Price Performance

Shares of NASDAQ FYBR opened at $35.83 on Thursday. Frontier Communications Parent, Inc. has a 52 week low of $21.31 and a 52 week high of $39.21. The stock has a market capitalization of $8.95 billion, a price-to-earnings ratio of -27.78 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. The firm has a 50-day simple moving average of $35.80 and a 200-day simple moving average of $35.40.

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