Securian Asset Management Inc. Sells 447 Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Securian Asset Management Inc. trimmed its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 2.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 16,754 shares of the company’s stock after selling 447 shares during the period. Securian Asset Management Inc.’s holdings in Frontier Communications Parent were worth $581,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund grew its position in shares of Frontier Communications Parent by 0.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 45,105 shares of the company’s stock valued at $1,565,000 after acquiring an additional 344 shares during the period. Franklin Resources Inc. grew its position in shares of Frontier Communications Parent by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 45,059 shares of the company’s stock valued at $1,588,000 after acquiring an additional 372 shares during the period. CIBC Asset Management Inc grew its position in shares of Frontier Communications Parent by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 7,567 shares of the company’s stock valued at $263,000 after acquiring an additional 377 shares during the period. UMB Bank n.a. grew its position in shares of Frontier Communications Parent by 68.0% during the 4th quarter. UMB Bank n.a. now owns 1,050 shares of the company’s stock valued at $36,000 after acquiring an additional 425 shares during the period. Finally, Captrust Financial Advisors grew its position in shares of Frontier Communications Parent by 6.5% during the 3rd quarter. Captrust Financial Advisors now owns 9,540 shares of the company’s stock valued at $339,000 after acquiring an additional 581 shares during the period.

Insider Buying and Selling at Frontier Communications Parent

In other news, EVP John Harrobin sold 36,000 shares of Frontier Communications Parent stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $36.01, for a total transaction of $1,296,360.00. Following the completion of the sale, the executive vice president now directly owns 76,523 shares of the company’s stock, valued at approximately $2,755,593.23. The trade was a 31.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.40% of the company’s stock.

Frontier Communications Parent Price Performance

Shares of NASDAQ:FYBR opened at $35.84 on Monday. The firm has a fifty day moving average price of $35.72 and a two-hundred day moving average price of $35.20. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.77 and a quick ratio of 0.77. Frontier Communications Parent, Inc. has a one year low of $21.31 and a one year high of $39.21. The company has a market cap of $8.95 billion, a price-to-earnings ratio of -27.78 and a beta of 1.04.

Frontier Communications Parent (NASDAQ:FYBR) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($0.47) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.47 billion. Analysts anticipate that Frontier Communications Parent, Inc. will post -1.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. New Street Research downgraded shares of Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a report on Friday, February 21st. Raymond James downgraded shares of Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a report on Thursday, February 6th. Finally, Benchmark reaffirmed a “hold” rating on shares of Frontier Communications Parent in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Frontier Communications Parent presently has an average 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.