Trexquant Investment LP Takes $2.94 Million Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Trexquant Investment LP acquired a new stake in Frontier Communications Parent, Inc. (NASDAQ:FYBRFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 116,120 shares of the company’s stock, valued at approximately $2,942,000.

A number of other hedge funds also recently made changes to their positions in the stock. Hexagon Capital Partners LLC grew its stake in Frontier Communications Parent by 120.1% during the 4th quarter. Hexagon Capital Partners LLC now owns 975 shares of the company’s stock valued at $25,000 after purchasing an additional 532 shares during the last quarter. GAMMA Investing LLC acquired a new stake in Frontier Communications Parent in the 4th quarter valued at $31,000. Covestor Ltd lifted its holdings in Frontier Communications Parent by 101.6% in the third 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 last quarter. Blueshift Asset Management LLC acquired a new stake in shares of Frontier Communications Parent during the 3rd quarter valued at $157,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Frontier Communications Parent during the 3rd quarter worth about $157,000.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. TD Cowen decreased their price target on shares of Frontier Communications Parent from $41.00 to $39.00 and set a “buy” rating on the stock in a research note on Monday, May 6th. Citigroup increased their price objective on Frontier Communications Parent from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Finally, Bank of America assumed coverage on shares of Frontier Communications Parent in a research note on Tuesday, April 9th. They issued a “buy” rating and a $30.00 target price for the company. One investment analyst has rated the stock with a sell rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.13.

Check Out Our Latest Stock Report on FYBR

Frontier Communications Parent Stock Down 1.9 %

Shares of NASDAQ:FYBR traded down $0.49 during trading on Friday, reaching $25.58. 938,781 shares of the stock were exchanged, compared to its average volume of 1,411,930. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $6.36 billion, a price-to-earnings ratio of 232.55 and a beta of 1.05. Frontier Communications Parent, Inc. has a 1-year low of $11.65 and a 1-year high of $27.41. The stock has a fifty day moving average of $24.33 and a two-hundred day moving average of $23.53.

Frontier Communications Parent (NASDAQ:FYBRGet Free Report) last posted its earnings results on Friday, February 23rd. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.42 billion. Frontier Communications Parent had a return on equity of 0.52% and a net margin of 0.47%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the business earned $0.63 earnings per share. Research analysts anticipate that Frontier Communications Parent, Inc. will post -0.12 earnings per share for the current fiscal year.

Frontier Communications Parent Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding FYBR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Frontier Communications Parent, Inc. (NASDAQ:FYBRFree Report).

Institutional Ownership by Quarter for Frontier Communications Parent (NASDAQ:FYBR)

Receive News & Ratings for Frontier Communications Parent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frontier Communications Parent and related companies with MarketBeat.com's FREE daily email newsletter.