Farther Finance Advisors LLC Has $64,000 Stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Farther Finance Advisors LLC grew its stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 80.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,815 shares of the company’s stock after buying an additional 811 shares during the period. Farther Finance Advisors LLC’s holdings in Frontier Communications Parent were worth $64,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Russell Investments Group Ltd. grew its stake in Frontier Communications Parent by 140.9% in the 1st quarter. Russell Investments Group Ltd. now owns 4,208 shares of the company’s stock valued at $103,000 after buying an additional 2,461 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Frontier Communications Parent by 0.5% in the first quarter. Vanguard Group Inc. now owns 24,072,547 shares of the company’s stock valued at $589,777,000 after purchasing an additional 108,344 shares during the last quarter. Capital International Investors increased its stake in shares of Frontier Communications Parent by 0.5% in the first quarter. Capital International Investors now owns 17,415,371 shares of the company’s stock worth $426,677,000 after purchasing an additional 92,944 shares during the period. Canada Pension Plan Investment Board lifted its position in shares of Frontier Communications Parent by 12.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 13,683,965 shares of the company’s stock worth $335,257,000 after purchasing an additional 1,462,646 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Frontier Communications Parent by 6.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 118,907 shares of the company’s stock valued at $2,914,000 after purchasing an additional 7,602 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have commented on FYBR shares. BNP Paribas raised Frontier Communications Parent to a “hold” rating in a research report on Monday, October 14th. Wells Fargo & Company reiterated an “equal weight” rating and set a $38.50 target price (up from $31.00) on shares of Frontier Communications Parent in a research note on Friday, September 6th. UBS Group lowered shares of Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 6th. TD Cowen lowered shares of Frontier Communications Parent from a “buy” rating to a “hold” rating and cut their price objective for the company from $39.00 to $38.50 in a research report on Tuesday, October 8th. Finally, Citigroup lowered Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $35.31.

Frontier Communications Parent Trading Up 1.5 %

Shares of FYBR opened at $34.67 on Thursday. The stock has a 50 day simple moving average of $35.50 and a 200-day simple moving average of $29.84. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.28. The stock has a market cap of $8.63 billion, a PE ratio of -46.23 and a beta of 1.10. Frontier Communications Parent, Inc. has a 1 year low of $20.34 and a 1 year high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR) last issued its earnings results on Tuesday, November 5th. The company reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.11). The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.46 billion. Frontier Communications Parent had a negative net margin of 3.19% and a negative return on equity of 3.61%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.05 EPS. On average, sell-side analysts predict that Frontier Communications Parent, Inc. will post -0.83 EPS for the current fiscal year.

Frontier Communications Parent Company 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.