SG Americas Securities LLC Sells 25,525 Shares of Frontier Communications Parent, Inc. $FYBR

SG Americas Securities LLC cut its holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 11.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 196,048 shares of the company’s stock after selling 25,525 shares during the quarter. SG Americas Securities LLC owned 0.08% of Frontier Communications Parent worth $7,322,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. KLP Kapitalforvaltning AS raised its stake in shares of Frontier Communications Parent by 10.6% in the third quarter. KLP Kapitalforvaltning AS now owns 52,200 shares of the company’s stock worth $1,950,000 after purchasing an additional 5,000 shares during the last quarter. Securian Asset Management Inc. increased its holdings in Frontier Communications Parent by 10.5% in the 3rd quarter. Securian Asset Management Inc. now owns 18,746 shares of the company’s stock worth $700,000 after buying an additional 1,785 shares in the last quarter. Louisiana State Employees Retirement System raised its position in Frontier Communications Parent by 11.2% in the 3rd quarter. Louisiana State Employees Retirement System now owns 69,700 shares of the company’s stock worth $2,603,000 after buying an additional 7,000 shares during the last quarter. Global Retirement Partners LLC lifted its stake in Frontier Communications Parent by 2,919.3% during the 3rd quarter. Global Retirement Partners LLC now owns 3,442 shares of the company’s stock valued at $129,000 after acquiring an additional 3,328 shares during the period. Finally, Ethic Inc. boosted its holdings in shares of Frontier Communications Parent by 7.1% during the 3rd quarter. Ethic Inc. now owns 23,381 shares of the company’s stock valued at $873,000 after acquiring an additional 1,555 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Frontier Communications Parent in a report on Monday, December 29th. Two investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce”.

Frontier Communications Parent Stock Performance

Frontier Communications Parent stock opened at $38.16 on Friday. Frontier Communications Parent, Inc. has a 52-week low of $35.05 and a 52-week high of $38.31. The company has a market cap of $9.55 billion, a P/E ratio of -25.11 and a beta of 0.94. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 2.56. The business has a 50-day simple moving average of $37.99 and a two-hundred day simple moving average of $37.38.

Frontier Communications Parent (NASDAQ:FYBR) last posted its quarterly earnings data on Tuesday, October 28th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.10. Frontier Communications Parent had a negative net margin of 6.24% and a negative return on equity of 7.91%. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the firm posted ($0.33) earnings per share. The firm’s revenue was up 4.1% compared to the same quarter last year. Analysts predict that Frontier Communications Parent, Inc. will post -1.11 EPS for the current year.

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.