Sei Investments Co. Has $1.90 Million Holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Sei Investments Co. trimmed its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 8.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,702 shares of the company’s stock after selling 6,836 shares during the quarter. Sei Investments Co.’s holdings in Frontier Communications Parent were worth $1,903,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Columbus Hill Capital Management L.P. lifted its position in shares of 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 in the last quarter. Inspire Investing LLC purchased a new stake in shares of Frontier Communications Parent in the second quarter valued at $823,000. Hsbc Holdings PLC boosted its position in shares of Frontier Communications Parent by 18.4% in the second quarter. Hsbc Holdings PLC now owns 10,335 shares of the company’s stock worth $271,000 after buying an additional 1,609 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Frontier Communications Parent by 3.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 22,801 shares of the company’s stock valued at $597,000 after buying an additional 662 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Frontier Communications Parent by 24.4% during the second quarter. Dimensional Fund Advisors LP now owns 8,088,749 shares of the company’s stock valued at $211,758,000 after buying an additional 1,587,145 shares during the period.

Analyst Ratings Changes

FYBR has been the subject of a number of research reports. Moffett Nathanson lowered Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 5th. UBS Group cut Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 6th. Benchmark reaffirmed a “buy” rating and set a $37.00 price objective on shares of Frontier Communications Parent in a research report on Thursday, September 5th. The Goldman Sachs Group boosted their target price on shares of Frontier Communications Parent from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Finally, Citigroup raised their price target on shares of Frontier Communications Parent from $32.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Frontier Communications Parent has a consensus rating of “Moderate Buy” and an average target price of $35.38.

Frontier Communications Parent Stock Down 0.2 %

NASDAQ FYBR opened at $35.36 on Friday. Frontier Communications Parent, Inc. has a twelve month low of $14.22 and a twelve month high of $39.21. The stock has a market cap of $8.79 billion, a PE ratio of 321.45 and a beta of 1.10. The firm has a 50-day simple moving average of $31.71 and a 200 day simple moving average of $27.47. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.87 and a current ratio of 0.87.

Frontier Communications Parent (NASDAQ:FYBR) last announced its quarterly earnings results on Friday, August 2nd. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.38). Frontier Communications Parent had a negative net margin of 1.62% and a negative return on equity of 1.80%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the firm earned ($0.01) EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, research analysts forecast that Frontier Communications Parent, Inc. will post -0.79 EPS for the current year.

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.