GSA Capital Partners LLP Buys 36,666 Shares of Frontier Communications Parent, Inc. $FYBR

GSA Capital Partners LLP lifted its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 61.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,876 shares of the company’s stock after purchasing an additional 36,666 shares during the quarter. Frontier Communications Parent comprises 0.3% of GSA Capital Partners LLP’s investment portfolio, making the stock its 10th biggest holding. GSA Capital Partners LLP’s holdings in Frontier Communications Parent were worth $3,581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Frontier Communications Parent by 1.8% during the third quarter. Vanguard Group Inc. now owns 24,561,203 shares of the company’s stock valued at $917,361,000 after acquiring an additional 442,337 shares in the last quarter. Qube Research & Technologies Ltd increased its stake in Frontier Communications Parent by 52.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 6,238,099 shares of the company’s stock valued at $227,067,000 after purchasing an additional 2,157,594 shares in the last quarter. Norges Bank bought a new stake in Frontier Communications Parent during the 2nd quarter valued at $207,593,000. Balyasny Asset Management L.P. raised its holdings in Frontier Communications Parent by 130.5% during the second quarter. Balyasny Asset Management L.P. now owns 4,552,418 shares of the company’s stock worth $165,708,000 after buying an additional 2,577,691 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Frontier Communications Parent by 1.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,364,189 shares of the company’s stock worth $86,056,000 after buying an additional 43,562 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts have recently issued reports on FYBR shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Frontier Communications Parent in a report on Monday, December 29th. Zacks Research raised shares of Frontier Communications Parent from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Frontier Communications Parent has a consensus rating of “Hold”.

Frontier Communications Parent Stock Up 0.1%

Frontier Communications Parent stock opened at $38.49 on Tuesday. Frontier Communications Parent, Inc. has a fifty-two week low of $35.31 and a fifty-two week high of $38.50. The stock has a market cap of $9.64 billion, a PE ratio of -25.32 and a beta of 0.94. The firm’s 50-day simple moving average is $38.29 and its 200 day simple moving average is $37.73. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.30 and a current ratio of 0.30.

Frontier Communications Parent Profile

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.