JPMorgan Chase & Co. Has $69.39 Million Stake in Frontier Communications Parent, Inc. $FYBR

JPMorgan Chase & Co. boosted its holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 31.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,857,930 shares of the company’s stock after purchasing an additional 440,610 shares during the quarter. JPMorgan Chase & Co. owned about 0.74% of Frontier Communications Parent worth $69,394,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of FYBR. Geneos Wealth Management Inc. lifted its stake in shares of 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 buying an additional 699 shares in the last quarter. Covestor Ltd lifted its position in Frontier Communications Parent by 173.5% in the 3rd quarter. Covestor Ltd now owns 1,195 shares of the company’s stock valued at $45,000 after acquiring an additional 758 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Frontier Communications Parent by 56.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,571 shares of the company’s stock valued at $59,000 after acquiring an additional 567 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Frontier Communications Parent by 178.8% during the 2nd 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 during the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in Frontier Communications Parent by 490.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,496 shares of the company’s stock worth $93,000 after purchasing an additional 2,073 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on FYBR shares. Weiss Ratings restated a “sell (d)” rating on shares of Frontier Communications Parent in a report on Monday, December 29th. Zacks Research raised Frontier Communications Parent from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Frontier Communications Parent Price Performance

Shares of NASDAQ FYBR opened at $38.49 on Wednesday. Frontier Communications Parent, Inc. has a twelve month low of $35.31 and a twelve month high of $38.50. The stock’s 50 day moving average price is $38.34 and its 200-day moving average price is $37.80. The company has a market capitalization of $9.64 billion, a PE 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.

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.