Natixis Advisors LLC Has $670,000 Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Natixis Advisors LLC raised its holdings in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 10.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 18,851 shares of the company’s stock after buying an additional 1,778 shares during the period. Natixis Advisors LLC’s holdings in Frontier Communications Parent were worth $670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in shares of Frontier Communications Parent by 24.4% in the second quarter. Dimensional Fund Advisors LP now owns 8,088,749 shares of the company’s stock valued at $211,758,000 after purchasing an additional 1,587,145 shares during the period. Columbus Hill Capital Management L.P. raised its holdings in Frontier Communications Parent by 345.7% in the 2nd quarter. Columbus Hill Capital Management L.P. now owns 445,744 shares of the company’s stock valued at $11,670,000 after acquiring an additional 345,744 shares during the period. Marshall Wace LLP lifted its position in Frontier Communications Parent by 49.5% during the second quarter. Marshall Wace LLP now owns 420,227 shares of the company’s stock worth $11,002,000 after acquiring an additional 139,215 shares during the last quarter. Affinity Wealth Management LLC bought a new stake in shares of Frontier Communications Parent during the third quarter worth approximately $4,060,000. Finally, American Century Companies Inc. grew its position in shares of Frontier Communications Parent by 4.1% in the second quarter. American Century Companies Inc. now owns 2,005,937 shares of the company’s stock valued at $52,515,000 after purchasing an additional 79,265 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Benchmark restated a “buy” rating and issued a $37.00 price target on shares of Frontier Communications Parent in a research note on Thursday, September 5th. Wolfe Research cut shares of Frontier Communications Parent from an “outperform” rating to a “peer perform” rating in a research report on Monday, September 30th. TD Cowen lowered shares of Frontier Communications Parent from a “buy” rating to a “hold” rating and lowered their price target for the stock from $39.00 to $38.50 in a research report on Tuesday, October 8th. Moffett Nathanson downgraded shares of Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 5th. Finally, BNP Paribas raised shares of Frontier Communications Parent to a “hold” rating in a report on Monday, October 14th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $35.31.

Insider Buying and Selling

In related news, EVP John Harrobin sold 23,491 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $34.85, for a total transaction of $818,661.35. Following the completion of the transaction, the executive vice president now directly owns 121,182 shares in the company, valued at $4,223,192.70. This represents a 16.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is owned by corporate insiders.

Frontier Communications Parent Stock Performance

Shares of Frontier Communications Parent stock opened at $34.78 on Thursday. The company has a 50 day moving average of $35.33 and a 200-day moving average of $30.50. The company has a market cap of $8.66 billion, a PE ratio of -46.39 and a beta of 1.10. 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, Inc. has a 1-year low of $20.42 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) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.11). Frontier Communications Parent had a negative net margin of 3.19% and a negative return on equity of 3.61%. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the business posted $0.05 EPS. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, equities research analysts forecast that Frontier Communications Parent, Inc. will post -0.83 earnings per share 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.