GAMMA Investing LLC Invests $31,000 in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

GAMMA Investing LLC acquired a new position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,256 shares of the company’s stock, valued at approximately $31,000.

A number of other hedge funds have also bought and sold shares of the company. Covestor Ltd grew its holdings in Frontier Communications Parent by 101.6% during the 3rd quarter. Covestor Ltd now owns 7,811 shares of the company’s stock worth $122,000 after acquiring an additional 3,937 shares during the period. Blueshift Asset Management LLC acquired a new stake in Frontier Communications Parent during the third quarter worth approximately $157,000. Janney Montgomery Scott LLC bought a new stake in Frontier Communications Parent in the third quarter worth approximately $157,000. Aristeia Capital LLC acquired a new position in Frontier Communications Parent in the third quarter valued at approximately $163,000. Finally, Traverso Chambers Private Wealth Management LLC acquired a new stake in shares of Frontier Communications Parent during the 4th quarter worth approximately $205,000.

Frontier Communications Parent Trading Up 6.8 %

NASDAQ:FYBR opened at $25.62 on Monday. Frontier Communications Parent, Inc. has a 52 week low of $11.65 and a 52 week high of $27.41. The firm has a 50-day moving average price of $23.66 and a two-hundred day moving average price of $22.75. The firm has a market cap of $6.37 billion, a price-to-earnings ratio of 232.91 and a beta of 1.05. The company has a debt-to-equity ratio of 2.13, a quick ratio of 1.22 and a current ratio of 1.22.

Frontier Communications Parent (NASDAQ:FYBR) last issued its quarterly earnings results on Friday, February 23rd. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. Frontier Communications Parent had a return on equity of 0.56% and a net margin of 0.50%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period last year, the business posted $0.63 earnings per share. Frontier Communications Parent’s revenue was down .8% on a year-over-year basis. On average, equities analysts expect that Frontier Communications Parent, Inc. will post -0.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FYBR. Bank of America assumed coverage on shares of Frontier Communications Parent in a research note on Tuesday, April 9th. They set a “buy” rating and a $30.00 target price on the stock. Citigroup raised shares of Frontier Communications Parent from a “neutral” rating to a “buy” rating and raised their price objective for the company from $28.00 to $30.00 in a research note on Monday, April 15th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.43.

About Frontier Communications Parent

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.