Natixis Advisors LLC Has $447,000 Stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Natixis Advisors LLC raised its holdings in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 10.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,073 shares of the company’s stock after acquiring an additional 1,619 shares during the quarter. Natixis Advisors LLC’s holdings in Frontier Communications Parent were worth $447,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Game Plan Financial Advisors LLC raised its position in shares of Frontier Communications Parent by 23.8% in the second quarter. Game Plan Financial Advisors LLC now owns 2,600 shares of the company’s stock valued at $68,000 after purchasing an additional 500 shares during the period. SummerHaven Investment Management LLC increased its position in shares of Frontier Communications Parent by 1.3% in the second quarter. SummerHaven Investment Management LLC now owns 44,797 shares of the company’s stock worth $1,173,000 after purchasing an additional 585 shares during the period. Wedmont Private Capital raised its stake in Frontier Communications Parent by 6.8% in the second quarter. Wedmont Private Capital now owns 10,075 shares of the company’s stock valued at $275,000 after purchasing an additional 640 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Frontier Communications Parent by 11.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,113 shares of the company’s stock worth $180,000 after purchasing an additional 732 shares during the period. Finally, Retirement Systems of Alabama increased its holdings in Frontier Communications Parent by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 277,784 shares of the company’s stock valued at $6,806,000 after buying an additional 763 shares during the period.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $38.50 price target (up previously from $31.00) on shares of Frontier Communications Parent in a report on Friday, September 6th. The Goldman Sachs Group raised their target price on Frontier Communications Parent from $29.00 to $32.00 and gave the company a “buy” rating in a report on Monday, August 5th. UBS Group cut Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Friday, September 6th. JPMorgan Chase & Co. lifted their target price on Frontier Communications Parent from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Finally, Benchmark reissued a “buy” rating and issued a $37.00 target price on shares of Frontier Communications Parent in a report on Thursday, September 5th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Frontier Communications Parent currently has an average rating of “Moderate Buy” and an average price target of $34.94.

Frontier Communications Parent Stock Up 2.4 %

Frontier Communications Parent stock opened at $36.44 on Friday. Frontier Communications Parent, Inc. has a fifty-two week low of $13.66 and a fifty-two week high of $39.21. The stock has a market cap of $9.07 billion, a PE ratio of 331.27 and a beta of 1.08. The firm’s 50-day simple moving average is $29.15 and its 200 day simple moving average is $26.26. 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 data on Friday, August 2nd. The company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.38). The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.46 billion. Frontier Communications Parent had a negative return on equity of 1.80% and a negative net margin of 1.62%. The business’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.01) EPS. Research analysts predict that Frontier Communications Parent, Inc. will post -0.79 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.