Frontier Communications Parent, Inc. $FYBR Shares Sold by Reaves W H & Co. Inc.

Reaves W H & Co. Inc. decreased its stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 16.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 592,148 shares of the company’s stock after selling 115,416 shares during the period. Reaves W H & Co. Inc.’s holdings in Frontier Communications Parent were worth $22,117,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of FYBR. Geneos Wealth Management Inc. boosted its stake in Frontier Communications Parent by 957.5% in the first quarter. Geneos Wealth Management Inc. now owns 772 shares of the company’s stock valued at $28,000 after acquiring an additional 699 shares in the last quarter. Covestor Ltd grew 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 buying an additional 758 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Frontier Communications Parent by 56.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,571 shares of the company’s stock worth $59,000 after buying an additional 567 shares during the last quarter. EverSource Wealth Advisors LLC increased its position 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 worth $92,000 after buying an additional 1,613 shares during the period. Finally, Hantz Financial Services Inc. lifted its stake in Frontier Communications Parent by 490.1% in the third quarter. Hantz Financial Services Inc. now owns 2,496 shares of the company’s stock valued at $93,000 after buying an additional 2,073 shares during the last quarter.

Analyst Ratings Changes

FYBR has been the topic of a number of research reports. Zacks Research upgraded shares of Frontier Communications Parent from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. Weiss Ratings reissued a “sell (d)” rating on shares of Frontier Communications Parent in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Frontier Communications Parent Stock Up 0.1%

FYBR stock opened at $38.49 on Tuesday. The stock has a market capitalization of $9.64 billion, a PE ratio of -25.32 and a beta of 0.94. The company has a fifty day moving average of $38.24 and a 200-day moving average of $37.66. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.30 and a current ratio of 0.30. Frontier Communications Parent, Inc. has a one year low of $35.31 and a one year high of $38.50.

Frontier Communications Parent Company Profile

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.