Frontier Communications Parent, Inc. (NASDAQ:FYBR) Holdings Boosted by Hsbc Holdings PLC

Hsbc Holdings PLC grew its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 180.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 372,567 shares of the company’s stock after purchasing an additional 239,954 shares during the quarter. Hsbc Holdings PLC’s holdings in Frontier Communications Parent were worth $12,946,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. grew its stake in Frontier Communications Parent by 68.0% during the 4th 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 last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Frontier Communications Parent by 37.9% during the fourth quarter. Russell Investments Group Ltd. now owns 5,091 shares of the company’s stock valued at $177,000 after acquiring an additional 1,399 shares during the period. Blue Trust Inc. grew its position in shares of Frontier Communications Parent by 36.8% during 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 last quarter. Impact Partnership Wealth LLC bought a new stake in Frontier Communications Parent in the 4th quarter valued at about $228,000. Finally, Vestcor Inc acquired a new position in Frontier Communications Parent during the 4th quarter valued at about $234,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on FYBR shares. New Street Research lowered shares of Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 21st. Benchmark reaffirmed a “hold” rating on shares of Frontier Communications Parent in a research note on Tuesday, February 25th. Finally, Raymond James cut Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, Frontier Communications Parent currently has a consensus rating of “Hold” and a consensus price target of $36.07.

Frontier Communications Parent Stock Up 0.1 %

FYBR opened at $36.23 on Monday. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market capitalization of $9.07 billion, a PE ratio of -28.09 and a beta of 1.01. The stock’s fifty day moving average is $35.88 and its 200-day moving average is $35.45. Frontier Communications Parent, Inc. has a one year low of $22.80 and a one year high of $39.21.

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

Insider Buying and Selling

In other Frontier Communications Parent news, EVP John Harrobin sold 36,000 shares of Frontier Communications Parent stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $36.01, for a total value of $1,296,360.00. Following the transaction, the executive vice president now owns 76,523 shares in the company, valued at approximately $2,755,593.23. The trade was a 31.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.40% of the company’s stock.

Frontier Communications Parent 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.