Charles Schwab Investment Management Inc. Grows Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Charles Schwab Investment Management Inc. raised its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 5.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,310,952 shares of the company’s stock after buying an additional 109,648 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.93% of Frontier Communications Parent worth $82,108,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. GSA Capital Partners LLP purchased a new stake in Frontier Communications Parent in the 3rd quarter valued at $586,000. Anthracite Investment Company Inc. acquired a new position in Frontier Communications Parent in the third quarter valued at $1,743,000. Luxor Capital Group LP raised its holdings in shares of Frontier Communications Parent by 1.6% in the second quarter. Luxor Capital Group LP now owns 2,796,332 shares of the company’s stock valued at $73,208,000 after buying an additional 43,542 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of 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 worth $211,758,000 after buying an additional 1,587,145 shares during the period. Finally, Affinity Wealth Management LLC purchased a new position in shares of Frontier Communications Parent during the third quarter worth about $4,060,000.

Frontier Communications Parent Price Performance

Shares of NASDAQ:FYBR opened at $34.78 on Thursday. The firm has a market capitalization of $8.66 billion, a price-to-earnings ratio of -46.37 and a beta of 1.10. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.77 and a quick ratio of 0.77. The business’s 50 day simple moving average is $35.33 and its 200-day simple moving average is $30.50. Frontier Communications Parent, Inc. has a 12 month low of $20.42 and a 12 month high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR) last posted its earnings results on Tuesday, November 5th. The company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.11). Frontier Communications Parent had a negative return on equity of 3.61% and a negative net margin of 3.19%. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the firm posted $0.05 earnings per share. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, equities analysts forecast that Frontier Communications Parent, Inc. will post -0.83 earnings per share for the current fiscal year.

Insider Activity at Frontier Communications Parent

In other Frontier Communications Parent news, EVP John Harrobin sold 23,491 shares of Frontier Communications Parent stock in a transaction dated 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 owns 121,182 shares in the company, valued at approximately $4,223,192.70. The trade was a 16.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have commented on FYBR. BNP Paribas raised Frontier Communications Parent to a “hold” rating in a research note on Monday, October 14th. UBS Group downgraded Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Friday, September 6th. Moffett Nathanson cut shares of Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 5th. Raymond James cut shares of Frontier Communications Parent from a “strong-buy” rating to a “market perform” rating in a research note on Monday, October 28th. Finally, Citigroup lowered shares of Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Frontier Communications Parent has a consensus rating of “Hold” and a consensus price target of $35.31.

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.