XTX Topco Ltd Takes $618,000 Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

XTX Topco Ltd acquired a new position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 17,397 shares of the company’s stock, valued at approximately $618,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its holdings 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 worth $211,758,000 after buying an additional 1,587,145 shares during the last quarter. Slotnik Capital LLC acquired a new stake in shares of Frontier Communications Parent in the 3rd quarter valued at approximately $34,286,000. Sand Grove Capital Management LLP acquired a new position in Frontier Communications Parent during the third quarter valued at approximately $18,490,000. Anchorage Capital Advisors L.P. increased its stake in Frontier Communications Parent by 26.6% in the third quarter. Anchorage Capital Advisors L.P. now owns 1,729,555 shares of the company’s stock valued at $61,451,000 after purchasing an additional 362,888 shares in the last quarter. Finally, Columbus Hill Capital Management L.P. increased its stake in Frontier Communications Parent by 345.7% in the second quarter. Columbus Hill Capital Management L.P. now owns 445,744 shares of the company’s stock valued at $11,670,000 after purchasing an additional 345,744 shares in the last quarter.

Insider Buying and Selling at Frontier Communications Parent

In other Frontier Communications Parent news, EVP John Harrobin sold 23,491 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $34.85, for a total value of $818,661.35. Following the completion of the sale, the executive vice president now owns 121,182 shares in the company, valued at $4,223,192.70. This trade represents a 16.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered shares of Frontier Communications Parent from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $35.00 to $38.50 in a report on Tuesday, September 17th. Citigroup cut Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Raymond James lowered Frontier Communications Parent from a “strong-buy” rating to a “market perform” rating in a research report on Monday, October 28th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $38.50 price objective (up from $31.00) on shares of Frontier Communications Parent in a research report on Friday, September 6th. Finally, BNP Paribas upgraded shares of Frontier Communications Parent to a “hold” rating in a report on Monday, October 14th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $35.31.

Frontier Communications Parent Stock Performance

Shares of FYBR stock opened at $34.66 on Friday. The firm has a market cap of $8.63 billion, a PE ratio of -46.21 and a beta of 1.05. Frontier Communications Parent, Inc. has a 12 month low of $20.51 and a 12 month high of $39.21. The company’s fifty day simple moving average is $35.12 and its 200-day simple moving average is $31.13. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.28.

Frontier Communications Parent (NASDAQ:FYBR) last posted its quarterly earnings data 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 business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the company earned $0.05 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. Equities research analysts expect that Frontier Communications Parent, Inc. will post -0.83 EPS for the current fiscal year.

Frontier Communications Parent 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.