Alberta Investment Management Corp Acquires 141,075 Shares of Frontier Communications Parent, Inc. $FYBR

Alberta Investment Management Corp grew its holdings in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 34.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 549,907 shares of the company’s stock after purchasing an additional 141,075 shares during the period. Alberta Investment Management Corp owned about 0.22% of Frontier Communications Parent worth $20,539,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FYBR. Geneos Wealth Management Inc. boosted its stake in shares of Frontier Communications Parent by 957.5% in the first quarter. Geneos Wealth Management Inc. now owns 772 shares of the company’s stock valued at $28,000 after buying an additional 699 shares during the period. Covestor Ltd lifted its position in shares of Frontier Communications Parent by 173.5% during the 3rd quarter. Covestor Ltd now owns 1,195 shares of the company’s stock valued at $45,000 after acquiring an additional 758 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Frontier Communications Parent by 56.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,571 shares of the company’s stock valued at $59,000 after acquiring an additional 567 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Frontier Communications Parent by 178.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,515 shares of the company’s stock worth $92,000 after purchasing an additional 1,613 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its position in shares of Frontier Communications Parent by 490.1% in the third quarter. Hantz Financial Services Inc. now owns 2,496 shares of the company’s stock worth $93,000 after purchasing an additional 2,073 shares during the period.

Frontier Communications Parent Trading Up 0.1%

FYBR opened at $38.49 on Thursday. The company has a market cap of $9.64 billion, a P/E ratio of -25.32 and a beta of 0.94. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 2.56. The company’s 50 day moving average is $38.31 and its 200-day moving average is $37.74. Frontier Communications Parent, Inc. has a 1-year low of $35.31 and a 1-year high of $38.50.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Frontier Communications Parent in a research report on Monday, December 29th. Zacks Research upgraded shares of Frontier Communications Parent from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Frontier Communications Parent has a consensus rating of “Hold”.

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.