Olympiad Research LP Buys New Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Olympiad Research LP bought a new stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR) in the fourth quarter, HoldingsChannel reports. The fund bought 28,777 shares of the company’s stock, valued at approximately $999,000. Frontier Communications Parent accounts for 1.0% of Olympiad Research LP’s portfolio, making the stock its 21st largest position.

A number of other large investors have also recently made changes to their positions in FYBR. UMB Bank n.a. boosted its position in shares of Frontier Communications Parent by 68.0% in the 4th quarter. UMB Bank n.a. now owns 1,050 shares of the company’s stock valued at $36,000 after purchasing an additional 425 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Frontier Communications Parent in the 3rd quarter valued at about $50,000. Meeder Asset Management Inc. acquired a new stake in shares of Frontier Communications Parent in the 3rd quarter valued at about $52,000. Farther Finance Advisors LLC boosted its position in shares of Frontier Communications Parent by 80.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,815 shares of the company’s stock valued at $64,000 after purchasing an additional 811 shares during the period. Finally, Quarry LP acquired a new stake in shares of Frontier Communications Parent in the 3rd quarter valued at about $91,000.

Frontier Communications Parent Price Performance

Frontier Communications Parent stock opened at $35.78 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.28. The stock has a 50 day moving average of $35.38 and a two-hundred day moving average of $34.36. The stock has a market capitalization of $8.91 billion, a price-to-earnings ratio of -27.74 and a beta of 1.05. Frontier Communications Parent, Inc. has a twelve month low of $20.51 and a twelve month high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.28). The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.47 billion. Frontier Communications Parent had a negative net margin of 5.42% and a negative return on equity of 6.25%. As a group, research analysts expect that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on FYBR shares. Raymond James cut Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a research report on Thursday, February 6th. Benchmark cut Frontier Communications Parent from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $35.31.

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.