Gardner Lewis Asset Management L P Purchases 20,900 Shares of Frontier Communications Parent, Inc. $FYBR

Gardner Lewis Asset Management L P raised its holdings in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 9.3% in the third quarter, HoldingsChannel.com reports. The firm owned 244,743 shares of the company’s stock after buying an additional 20,900 shares during the period. Frontier Communications Parent comprises 2.2% of Gardner Lewis Asset Management L P’s holdings, making the stock its 15th largest position. Gardner Lewis Asset Management L P’s holdings in Frontier Communications Parent were worth $9,141,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada grew its holdings in shares of Frontier Communications Parent by 5.3% during the first quarter. Royal Bank of Canada now owns 35,250 shares of the company’s stock valued at $1,264,000 after buying an additional 1,778 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Frontier Communications Parent by 129.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,336,646 shares of the company’s stock valued at $83,792,000 after acquiring an additional 1,316,597 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Frontier Communications Parent by 8.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 664,891 shares of the company’s stock valued at $23,843,000 after purchasing an additional 49,803 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in 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 purchasing an additional 699 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in Frontier Communications Parent by 6.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 60,580 shares of the company’s stock worth $2,205,000 after purchasing an additional 3,725 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on FYBR shares. Zacks Research upgraded Frontier Communications Parent from a “hold” rating to a “strong-buy” rating in a 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 analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Frontier Communications Parent Price Performance

Frontier Communications Parent stock opened at $38.49 on Friday. Frontier Communications Parent, Inc. has a 52 week low of $35.31 and a 52 week high of $38.50. The company’s 50 day moving average price is $38.33 and its two-hundred day moving average price is $37.77. The stock has a market cap of $9.64 billion, a P/E ratio of -25.32 and a beta of 0.94. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 2.56.

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.