Gardner Lewis Asset Management L P Buys 20,900 Shares of Frontier Communications Parent, Inc. $FYBR

Gardner Lewis Asset Management L P raised its stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 9.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 244,743 shares of the company’s stock after buying an additional 20,900 shares during the period. Frontier Communications Parent comprises about 2.2% of Gardner Lewis Asset Management L P’s portfolio, making the stock its 15th biggest position. Gardner Lewis Asset Management L P owned 0.10% of Frontier Communications Parent worth $9,141,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in FYBR. Geneos Wealth Management Inc. lifted its stake in shares of Frontier Communications Parent by 957.5% in the first quarter. Geneos Wealth Management Inc. now owns 772 shares of the company’s stock worth $28,000 after acquiring an additional 699 shares during the period. Covestor Ltd lifted its position in shares of 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 purchasing an additional 758 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Frontier Communications Parent by 56.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,571 shares of the company’s stock valued at $59,000 after purchasing an additional 567 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Frontier Communications Parent by 178.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,515 shares of the company’s stock worth $92,000 after buying an additional 1,613 shares during the period. Finally, Hantz Financial Services Inc. increased its position in shares of Frontier Communications Parent by 490.1% during 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 during the period.

Frontier Communications Parent Price Performance

FYBR stock opened at $38.49 on Friday. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.30 and a quick ratio of 0.30. The company’s 50-day moving average is $38.33 and its 200-day moving average is $37.77. The stock has a market capitalization of $9.64 billion, a PE ratio of -25.32 and a beta of 0.94. Frontier Communications Parent, Inc. has a 1 year low of $35.31 and a 1 year high of $38.50.

Wall Street Analyst Weigh In

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