Frontier Communications Parent, Inc. (NASDAQ:FYBR – Get Free Report) was the target of some unusual options trading on Monday. Traders purchased 6,147 put options on the company. This represents an increase of 109% compared to the average daily volume of 2,948 put options.
Frontier Communications Parent Stock Down 0.7 %
Shares of NASDAQ FYBR traded down $0.17 during mid-day trading on Monday, reaching $23.94. The company had a trading volume of 705,426 shares, compared to its average volume of 1,598,643. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 2.15. Frontier Communications Parent has a 52-week low of $11.65 and a 52-week high of $30.16. The firm has a 50 day simple moving average of $23.70 and a two-hundred day simple moving average of $19.44. The stock has a market cap of $5.88 billion, a P/E ratio of 35.46 and a beta of 1.09.
Institutional Trading of Frontier Communications Parent
Several hedge funds have recently made changes to their positions in FYBR. Glendon Capital Management LP increased its holdings in shares of Frontier Communications Parent by 6.2% in the 3rd quarter. Glendon Capital Management LP now owns 24,215,909 shares of the company’s stock valued at $378,979,000 after purchasing an additional 1,417,609 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Frontier Communications Parent by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 23,827,853 shares of the company’s stock valued at $372,906,000 after acquiring an additional 118,939 shares during the period. Capital International Investors boosted its stake in shares of Frontier Communications Parent by 2.0% during the 2nd quarter. Capital International Investors now owns 16,318,257 shares of the company’s stock worth $304,172,000 after acquiring an additional 315,164 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Frontier Communications Parent by 14.6% in the 3rd quarter. Canada Pension Plan Investment Board now owns 9,814,910 shares of the company’s stock worth $153,603,000 after acquiring an additional 1,250,000 shares during the period. Finally, JANA Partners Management LP acquired a new position in Frontier Communications Parent during the third quarter worth $129,569,000.
Analyst Upgrades and Downgrades
About Frontier Communications Parent
Frontier Communications Parent, Inc, together with its subsidiaries, provides communication and technology services in the United States. It offers data and Internet, voice, video, and other services. The company was formerly known as Frontier Communications Corporation and changed its name to Frontier Communications Parent, Inc in April 2021.
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