Nisa Investment Advisors LLC Buys 10,975 Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Nisa Investment Advisors LLC lifted its stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 6,455.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,145 shares of the company’s stock after purchasing an additional 10,975 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Frontier Communications Parent were worth $282,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Geneos Wealth Management Inc. purchased a new stake in Frontier Communications Parent in the 1st quarter worth about $35,000. Captrust Financial Advisors raised its holdings in shares of Frontier Communications Parent by 2,698.5% in the second quarter. Captrust Financial Advisors now owns 1,875 shares of the company’s stock worth $44,000 after buying an additional 1,808 shares during the period. Quarry LP bought a new stake in shares of Frontier Communications Parent during the 1st quarter worth approximately $44,000. Sunbelt Securities Inc. purchased a new position in Frontier Communications Parent during the 2nd quarter valued at $54,000. Finally, American International Group Inc. bought a new position in Frontier Communications Parent in the 2nd quarter valued at $60,000.

Analysts Set New Price Targets

FYBR has been the subject of several research analyst reports. Bank of America initiated coverage on Frontier Communications Parent in a research report on Tuesday, April 9th. They set a “buy” rating and a $30.00 target price for the company. Citigroup upgraded shares of Frontier Communications Parent from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $28.00 to $30.00 in a report on Monday. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $27.43.

Frontier Communications Parent Stock Performance

Shares of Frontier Communications Parent stock opened at $22.57 on Friday. Frontier Communications Parent, Inc. has a 12 month low of $11.65 and a 12 month high of $25.89. The stock’s fifty day moving average price is $23.46 and its 200-day moving average price is $22.12. The firm has a market cap of $5.61 billion, a P/E ratio of 188.08 and a beta of 1.05. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 2.13.

Frontier Communications Parent (NASDAQ:FYBR) last posted its earnings results on Friday, February 23rd. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. Frontier Communications Parent had a net margin of 0.50% and a return on equity of 0.56%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the firm posted $0.63 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. On average, equities research analysts expect that Frontier Communications Parent, Inc. will post -0.44 earnings per share for the current fiscal year.

About Frontier Communications Parent

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.