Frontier Communications Parent, Inc. (NASDAQ:FYBR) Shares Sold by Moody National Bank Trust Division

Moody National Bank Trust Division decreased its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 53,142 shares of the company’s stock after selling 2,702 shares during the period. Moody National Bank Trust Division’s holdings in Frontier Communications Parent were worth $1,844,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of FYBR. Wedmont Private Capital increased its holdings in shares of Frontier Communications Parent by 82.3% during the 4th quarter. Wedmont Private Capital now owns 27,882 shares of the company’s stock worth $979,000 after buying an additional 12,590 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in Frontier Communications Parent during the fourth quarter valued at about $261,000. Franklin Resources Inc. increased its stake in Frontier Communications Parent by 0.8% during the third quarter. Franklin Resources Inc. now owns 45,059 shares of the company’s stock worth $1,588,000 after acquiring an additional 372 shares during the last quarter. Neo Ivy Capital Management purchased a new position in shares of Frontier Communications Parent in the 3rd quarter worth about $240,000. Finally, M&T Bank Corp lifted its stake in shares of Frontier Communications Parent by 4.2% in the 3rd quarter. M&T Bank Corp now owns 18,703 shares of the company’s stock valued at $664,000 after purchasing an additional 750 shares in the last quarter.

Insider Activity at Frontier Communications Parent

In other Frontier Communications Parent news, EVP John Harrobin sold 23,491 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $34.85, for a total transaction of $818,661.35. Following the transaction, the executive vice president now owns 121,182 shares of the company’s stock, valued at $4,223,192.70. This trade represents a 16.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on FYBR shares. Benchmark downgraded shares of Frontier Communications Parent from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. TD Cowen downgraded shares of Frontier Communications Parent from a “buy” rating to a “hold” rating and cut their target price for the company from $39.00 to $38.50 in a research note on Tuesday, October 8th. Raymond James cut shares of Frontier Communications Parent from a “strong-buy” rating to a “market perform” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. lowered Frontier Communications Parent from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $35.00 to $38.50 in a research report on Tuesday, September 17th. Finally, Wolfe Research downgraded Frontier Communications Parent from an “outperform” rating to a “peer perform” rating in a research report on Monday, September 30th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $35.31.

Frontier Communications Parent Stock Up 0.1 %

Shares of NASDAQ FYBR traded up $0.05 during midday trading on Monday, reaching $35.15. 1,042,974 shares of the company’s stock were exchanged, compared to its average volume of 2,911,588. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77. Frontier Communications Parent, Inc. has a 52-week low of $20.51 and a 52-week high of $39.21. The business’s fifty day moving average price is $34.78 and its two-hundred day moving average price is $32.58. The stock has a market capitalization of $8.75 billion, a PE ratio of -46.87 and a beta of 1.05.

Frontier Communications Parent (NASDAQ:FYBR) last posted its quarterly earnings data on Tuesday, November 5th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $1.46 billion. During the same quarter in the prior year, the firm earned $0.05 earnings per share. Frontier Communications Parent’s revenue for the quarter was up 3.7% compared to the same quarter last year. Analysts forecast that Frontier Communications Parent, Inc. will post -0.83 EPS for the current 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.