Handelsbanken Fonder AB Increases Holdings in Frontier Communications Parent, Inc. $FYBR

Handelsbanken Fonder AB increased its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 47.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,500 shares of the company’s stock after acquiring an additional 25,400 shares during the period. Handelsbanken Fonder AB’s holdings in Frontier Communications Parent were worth $2,969,000 as of its most recent SEC filing.

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

Frontier Communications Parent Stock Performance

Shares of NASDAQ FYBR opened at $38.49 on Wednesday. The company has a 50-day simple moving average of $38.38 and a 200-day simple moving average of $37.86. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.30 and a quick ratio of 0.30. The company has a market cap of $9.64 billion, a PE ratio of -25.32 and a beta of 0.94. Frontier Communications Parent, Inc. has a 12 month low of $35.31 and a 12 month high of $38.50.

Wall Street Analyst Weigh In

FYBR has been the topic of several 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 reiterated a “sell (d)” rating on shares of Frontier Communications Parent in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Frontier Communications Parent has an average rating of “Moderate Buy”.

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.