Frontier Communications Parent, Inc. $FYBR is Glendon Capital Management LP’s Largest Position

Glendon Capital Management LP decreased its holdings in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 0.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 24,158,619 shares of the company’s stock after selling 57,290 shares during the period. Frontier Communications Parent accounts for about 49.2% of Glendon Capital Management LP’s portfolio, making the stock its largest position. Glendon Capital Management LP owned 9.65% of Frontier Communications Parent worth $902,324,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Intech Investment Management LLC increased its holdings in Frontier Communications Parent by 1.1% during the second quarter. Intech Investment Management LLC now owns 26,171 shares of the company’s stock valued at $953,000 after buying an additional 286 shares during the period. Savant Capital LLC boosted its position in Frontier Communications Parent by 2.2% during the 2nd quarter. Savant Capital LLC now owns 14,267 shares of the company’s stock valued at $519,000 after acquiring an additional 308 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Frontier Communications Parent by 4.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,758 shares of the company’s stock valued at $319,000 after acquiring an additional 341 shares in the last quarter. Bayforest Capital Ltd increased its holdings in shares of Frontier Communications Parent by 13.3% in the 3rd quarter. Bayforest Capital Ltd now owns 3,553 shares of the company’s stock valued at $133,000 after acquiring an additional 418 shares during the period. Finally, ProShare Advisors LLC raised its position in shares of Frontier Communications Parent by 4.6% in the 2nd quarter. ProShare Advisors LLC now owns 9,875 shares of the company’s stock worth $359,000 after acquiring an additional 433 shares in the last quarter.

Frontier Communications Parent Trading Up 0.1%

Frontier Communications Parent stock opened at $38.49 on Tuesday. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a market cap of $9.64 billion, a PE ratio of -25.32 and a beta of 0.94. The stock has a 50-day moving average of $38.37 and a two-hundred day moving average of $37.85. Frontier Communications Parent, Inc. has a one year low of $35.31 and a one year high of $38.50.

Analyst Upgrades and Downgrades

FYBR has been the topic of a number of recent research reports. Zacks Research raised Frontier Communications Parent from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. Weiss Ratings reissued a “sell (d)” rating on shares of Frontier Communications Parent in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Frontier Communications Parent Company Profile

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.