Mutual of America Capital Management LLC Has $4.06 Million Stock Holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Mutual of America Capital Management LLC decreased its stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 117,071 shares of the company’s stock after selling 2,484 shares during the period. Mutual of America Capital Management LLC’s holdings in Frontier Communications Parent were worth $4,062,000 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 the stock. Charles Schwab Investment Management Inc. increased its stake in shares of Frontier Communications Parent by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,310,952 shares of the company’s stock valued at $82,108,000 after buying an additional 109,648 shares during the period. Anchorage Capital Advisors L.P. grew its stake in Frontier Communications Parent by 26.6% during the third quarter. Anchorage Capital Advisors L.P. now owns 1,729,555 shares of the company’s stock worth $61,451,000 after purchasing an additional 362,888 shares during the period. Slotnik Capital LLC acquired a new stake in Frontier Communications Parent during the third quarter worth approximately $34,286,000. Alberta Investment Management Corp acquired a new stake in Frontier Communications Parent during the fourth quarter worth approximately $24,863,000. Finally, Rhumbline Advisers grew its stake in Frontier Communications Parent by 1.0% during the fourth quarter. Rhumbline Advisers now owns 629,712 shares of the company’s stock worth $21,851,000 after purchasing an additional 6,328 shares during the period.

Insider Activity

In other news, EVP John Harrobin sold 36,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $36.01, for a total value of $1,296,360.00. Following the transaction, the executive vice president now owns 76,523 shares in the company, valued at $2,755,593.23. This trade represents a 31.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Frontier Communications Parent Trading Up 0.4 %

Shares of Frontier Communications Parent stock opened at $36.03 on Thursday. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77. Frontier Communications Parent, Inc. has a 52 week low of $21.31 and a 52 week high of $39.21. The stock has a 50 day moving average price of $35.57 and a two-hundred day moving average price of $34.81. The stock has a market capitalization of $9.00 billion, a PE ratio of -27.93 and a beta of 1.05.

Frontier Communications Parent (NASDAQ:FYBR) last posted its earnings results on Thursday, February 20th. The company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.28). Frontier Communications Parent had a negative net margin of 5.42% and a negative return on equity of 6.25%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.47 billion. As a group, equities analysts anticipate that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. New Street Research cut Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 21st. Raymond James cut Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a research note on Thursday, February 6th. Finally, Benchmark reaffirmed a “hold” rating on shares of Frontier Communications Parent in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $35.31.

Frontier Communications Parent Company Profile

Frontier Communications Parent, Inc, together with its subsidiaries, provides communication and technology services in the United States. It offers broadband, video, voice, and other value-added services. The company also provides data and Internet, including broadband networking services; data-based voice over internet protocol, unified communications, long-distance, and voice messaging services; video services under the Frontier TV brand; access services; hardware and network solutions; and packages of services.