Coldstream Capital Management Inc. Purchases New Shares in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Coldstream Capital Management Inc. purchased a new stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 8,837 shares of the company’s stock, valued at approximately $224,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. SummerHaven Investment Management LLC grew its stake in Frontier Communications Parent by 1.0% in the 4th quarter. SummerHaven Investment Management LLC now owns 43,797 shares of the company’s stock valued at $1,110,000 after acquiring an additional 441 shares during the period. Hexagon Capital Partners LLC grew its stake in Frontier Communications Parent by 120.1% in the 4th quarter. Hexagon Capital Partners LLC now owns 975 shares of the company’s stock valued at $25,000 after acquiring an additional 532 shares during the period. Treasurer of the State of North Carolina grew its stake in Frontier Communications Parent by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 107,519 shares of the company’s stock valued at $1,683,000 after acquiring an additional 550 shares during the period. Xponance Inc. grew its stake in Frontier Communications Parent by 2.0% in the 4th quarter. Xponance Inc. now owns 28,019 shares of the company’s stock valued at $710,000 after acquiring an additional 559 shares during the period. Finally, Arizona State Retirement System grew its stake in Frontier Communications Parent by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 52,395 shares of the company’s stock valued at $820,000 after acquiring an additional 736 shares during the period.

Frontier Communications Parent Stock Down 1.9 %

NASDAQ FYBR opened at $25.58 on Monday. Frontier Communications Parent, Inc. has a 52 week low of $11.65 and a 52 week high of $27.41. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.14. The business’s fifty day simple moving average is $24.33 and its 200-day simple moving average is $23.58. The firm has a market cap of $6.36 billion, a PE ratio of 232.55 and a beta of 1.05.

Frontier Communications Parent (NASDAQ:FYBR) last posted its quarterly earnings results on Friday, February 23rd. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.01 by $0.06. Frontier Communications Parent had a return on equity of 0.52% and a net margin of 0.47%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the firm earned $0.63 EPS. The company’s quarterly revenue was down .8% compared to the same quarter last year. As a group, equities analysts anticipate that Frontier Communications Parent, Inc. will post -0.12 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on FYBR shares. Bank of America started coverage on shares of Frontier Communications Parent in a research note on Tuesday, April 9th. They set a “buy” rating and a $30.00 target price on the stock. Citigroup lifted their target price on shares of Frontier Communications Parent from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Finally, TD Cowen lowered their target price on shares of Frontier Communications Parent from $41.00 to $39.00 and set a “buy” rating on the stock in a research note on Monday, May 6th. One research analyst has rated the stock with a sell rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $29.13.

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.