Strs Ohio Sells 38,843 Shares of Frontier Communications Parent, Inc. $FYBR

Strs Ohio cut its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 28.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 95,834 shares of the company’s stock after selling 38,843 shares during the period. Strs Ohio’s holdings in Frontier Communications Parent were worth $3,579,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geneos Wealth Management Inc. lifted its position in shares of Frontier Communications Parent by 957.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 772 shares of the company’s stock valued at $28,000 after buying an additional 699 shares in the last quarter. Covestor Ltd raised its stake in Frontier Communications Parent by 173.5% during the 3rd quarter. Covestor Ltd now owns 1,195 shares of the company’s stock worth $45,000 after acquiring an additional 758 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Frontier Communications Parent by 178.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,515 shares of the company’s stock valued at $92,000 after purchasing an additional 1,613 shares in the last quarter. Longfellow Investment Management Co. LLC boosted its position in shares of Frontier Communications Parent by 49.7% in the second quarter. Longfellow Investment Management Co. LLC now owns 3,096 shares of the company’s stock worth $113,000 after purchasing an additional 1,028 shares during the period. Finally, Global Retirement Partners LLC boosted its position in shares of Frontier Communications Parent by 2,919.3% in the third quarter. Global Retirement Partners LLC now owns 3,442 shares of the company’s stock worth $129,000 after purchasing an additional 3,328 shares during the period.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Frontier Communications Parent in a research report on Monday, December 29th. Zacks Research raised Frontier Communications Parent from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Frontier Communications Parent Price Performance

FYBR stock opened at $38.49 on Tuesday. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.30 and a current ratio of 0.30. The company’s fifty day moving average price is $38.12 and its 200-day moving average price is $37.54. Frontier Communications Parent, Inc. has a one year low of $35.31 and a one year high of $38.50. The company has a market capitalization of $9.64 billion, a PE ratio of -25.32 and a beta of 0.94.

Frontier Communications Parent (NASDAQ:FYBR) last posted its earnings results on Tuesday, October 28th. The company reported ($0.30) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.10. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Frontier Communications Parent had a negative net margin of 6.24% and a negative return on equity of 7.91%. Frontier Communications Parent’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period last year, the company posted ($0.33) earnings per share. On average, equities analysts anticipate that Frontier Communications Parent, Inc. will post -1.11 EPS for the current fiscal year.

About Frontier Communications Parent

Frontier Communications Parent, Inc (NASDAQ: FYBR) is the holding company and parent organization of Frontier Communications, a provider of broadband, voice and video services across the United States. Formed in conjunction with the company’s restructuring and corporate spin-off, Frontier Communications Parent oversees the strategic direction and capital allocation for its operating subsidiaries, which deliver telecommunications solutions to residential and business customers.

The company’s operating units design, build and manage a diversified network infrastructure that includes fiber-to-the-premises (FTTP), digital subscriber line (DSL) and fixed wireless technologies.