Frontier Communications Parent, Inc. $FYBR Shares Sold by Reaves W H & Co. Inc.

Reaves W H & Co. Inc. decreased its holdings in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 16.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 592,148 shares of the company’s stock after selling 115,416 shares during the quarter. Reaves W H & Co. Inc. owned about 0.24% of Frontier Communications Parent worth $22,117,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Geneos Wealth Management Inc. increased its position in shares of Frontier Communications Parent by 957.5% during 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 during the last quarter. Covestor Ltd boosted its stake in Frontier Communications Parent by 173.5% during the third quarter. Covestor Ltd now owns 1,195 shares of the company’s stock worth $45,000 after buying an additional 758 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Frontier Communications Parent by 56.5% during the third quarter. Smartleaf Asset Management LLC now owns 1,571 shares of the company’s stock valued at $59,000 after acquiring an additional 567 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Frontier Communications Parent by 178.8% in the 2nd 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 period. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Frontier Communications Parent by 490.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,496 shares of the company’s stock worth $93,000 after acquiring an additional 2,073 shares during the last quarter.

Frontier Communications Parent Stock Performance

Shares of FYBR opened at $38.49 on Tuesday. Frontier Communications Parent, Inc. has a 1 year low of $35.31 and a 1 year high of $38.50. The stock has a market capitalization of $9.64 billion, a PE ratio of -25.32 and a beta of 0.94. 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 50-day simple moving average of $38.24 and a 200-day simple moving average of $37.66.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FYBR. Weiss Ratings reiterated a “sell (d)” rating on shares of Frontier Communications Parent in a report on Monday, December 29th. Zacks Research raised 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

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.