Carlson Capital L.P. Has $2.28 Million Stock Holdings in Frontier Communications Parent, Inc. $FYBR

Carlson Capital L.P. boosted its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 154.2% during the third quarter, Holdings Channel reports. The fund owned 61,000 shares of the company’s stock after acquiring an additional 37,000 shares during the period. Frontier Communications Parent comprises 0.8% of Carlson Capital L.P.’s holdings, making the stock its 5th biggest holding. Carlson Capital L.P.’s holdings in Frontier Communications Parent were worth $2,278,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FYBR. Geneos Wealth Management Inc. boosted its holdings in shares of Frontier Communications Parent by 957.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 772 shares of the company’s stock worth $28,000 after purchasing an additional 699 shares in the last quarter. Covestor Ltd lifted its position in Frontier Communications Parent by 173.5% in the 3rd quarter. Covestor Ltd now owns 1,195 shares of the company’s stock worth $45,000 after buying an additional 758 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in Frontier Communications Parent by 490.1% in the third quarter. Hantz Financial Services Inc. now owns 2,496 shares of the company’s stock worth $93,000 after buying an additional 2,073 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Frontier Communications Parent by 178.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,515 shares of the company’s stock valued at $92,000 after acquiring an additional 1,613 shares during the last quarter. Finally, Longfellow Investment Management Co. LLC grew its position in Frontier Communications Parent by 49.7% during the second quarter. Longfellow Investment Management Co. LLC now owns 3,096 shares of the company’s stock valued at $113,000 after acquiring an additional 1,028 shares during the last quarter.

Wall Street Analyst Weigh In

FYBR has been the subject of a number of recent research reports. Weiss Ratings restated a “sell (d)” rating on shares of Frontier Communications Parent in a report on Monday, December 29th. Zacks Research raised shares of Frontier Communications Parent from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold”.

Frontier Communications Parent Stock Up 0.1%

Shares of Frontier Communications Parent stock opened at $38.49 on Friday. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.30 and a current ratio of 0.30. Frontier Communications Parent, Inc. has a 52-week low of $35.31 and a 52-week high of $38.50. The company’s 50 day moving average price is $38.23 and its 200-day moving average price is $37.64. The stock has a market capitalization of $9.64 billion, a price-to-earnings ratio of -25.32 and a beta of 0.94.

About Frontier Communications Parent

Frontier Communications Parent, Inc (NASDAQ: FYBR) is the holding company and parent organization of Frontier Communications, a provider of broadband, voice and video services across the United States. Formed in conjunction with the company’s restructuring and corporate spin-off, Frontier Communications Parent oversees the strategic direction and capital allocation for its operating subsidiaries, which deliver telecommunications solutions to residential and business customers.

The company’s operating units design, build and manage a diversified network infrastructure that includes fiber-to-the-premises (FTTP), digital subscriber line (DSL) and fixed wireless technologies.