Janus Henderson Group PLC Buys 3,800 Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Janus Henderson Group PLC grew its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,532 shares of the company’s stock after purchasing an additional 3,800 shares during the quarter. Janus Henderson Group PLC’s holdings in Frontier Communications Parent were worth $3,109,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. UMB Bank n.a. grew its stake in Frontier Communications Parent by 68.0% in the 4th quarter. UMB Bank n.a. now owns 1,050 shares of the company’s stock valued at $36,000 after buying an additional 425 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Frontier Communications Parent by 37.9% in the fourth quarter. Russell Investments Group Ltd. now owns 5,091 shares of the company’s stock valued at $177,000 after purchasing an additional 1,399 shares during the last quarter. Blue Trust Inc. grew its position in shares of Frontier Communications Parent by 36.8% in the fourth quarter. Blue Trust Inc. now owns 5,883 shares of the company’s stock valued at $209,000 after purchasing an additional 1,581 shares during the last quarter. Impact Partnership Wealth LLC bought a new position in shares of Frontier Communications Parent in the fourth quarter worth about $228,000. Finally, Vestcor Inc acquired a new position in shares of Frontier Communications Parent during the 4th quarter worth about $234,000.

Frontier Communications Parent Stock Performance

Shares of NASDAQ FYBR opened at $36.70 on Tuesday. The firm has a market capitalization of $9.18 billion, a price-to-earnings ratio of -28.45 and a beta of 1.01. Frontier Communications Parent, Inc. has a one year low of $24.43 and a one year high of $39.21. The business has a fifty day simple moving average of $36.08 and a 200 day simple moving average of $35.53. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.28.

Frontier Communications Parent (NASDAQ:FYBR) last announced its quarterly earnings results on Tuesday, April 29th. The company reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.07. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.51 billion. Frontier Communications Parent had a negative net margin of 5.42% and a negative return on equity of 6.25%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. Sell-side analysts expect that Frontier Communications Parent, Inc. will post -1.11 EPS for the current year.

Insider Activity at Frontier Communications Parent

In related news, EVP John Harrobin sold 36,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $36.01, for a total transaction of $1,296,360.00. Following the completion of the transaction, the executive vice president now owns 76,523 shares in the company, valued at $2,755,593.23. This trade represents a 31.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

FYBR has been the topic of a number of research analyst reports. New Street Research lowered Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Friday, February 21st. Benchmark reaffirmed a “hold” rating on shares of Frontier Communications Parent in a research report on Tuesday, February 25th. Finally, Raymond James downgraded shares of Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $36.07.

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.