Cwm LLC Has $26,000 Stock Holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Cwm LLC boosted its stake in Frontier Communications Parent, Inc. (NASDAQ:FYBRGet Rating) by 2,144.9% in the third quarter, HoldingsChannel reports. The firm owned 1,100 shares of the company’s stock after buying an additional 1,051 shares during the period. Cwm LLC’s holdings in Frontier Communications Parent were worth $26,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of FYBR. State Street Corp grew its holdings in Frontier Communications Parent by 173.5% in the second quarter. State Street Corp now owns 3,106,423 shares of the company’s stock worth $73,125,000 after purchasing an additional 1,970,568 shares during the period. Capital International Investors raised its holdings in Frontier Communications Parent by 19.8% during the first quarter. Capital International Investors now owns 10,953,760 shares of the company’s stock worth $303,091,000 after buying an additional 1,809,275 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Frontier Communications Parent during the second quarter worth $42,550,000. Cerberus Capital Management L.P. raised its holdings in Frontier Communications Parent by 3.1% during the second quarter. Cerberus Capital Management L.P. now owns 22,633,556 shares of the company’s stock worth $532,794,000 after buying an additional 675,265 shares during the last quarter. Finally, ExodusPoint Capital Management LP raised its holdings in Frontier Communications Parent by 791.5% during the second quarter. ExodusPoint Capital Management LP now owns 707,999 shares of the company’s stock worth $16,666,000 after buying an additional 628,586 shares during the last quarter.

Frontier Communications Parent Price Performance

FYBR opened at $28.76 on Friday. The firm has a market cap of $7.05 billion, a P/E ratio of 14.90 and a beta of 0.78. The firm has a 50-day moving average of $25.74 and a 200 day moving average of $25.03. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.56 and a current ratio of 1.56. Frontier Communications Parent, Inc. has a fifty-two week low of $20.83 and a fifty-two week high of $29.69.

Frontier Communications Parent (NASDAQ:FYBRGet Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.28. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.44 billion. Frontier Communications Parent had a net margin of 8.06% and a return on equity of 10.00%. On average, research analysts expect that Frontier Communications Parent, Inc. will post 1.42 EPS for the current year.

Analysts Set New Price Targets

FYBR has been the topic of several research reports. Moffett Nathanson lowered their price objective on shares of Frontier Communications Parent to $29.00 in a report on Thursday, September 29th. Citigroup lowered their target price on shares of Frontier Communications Parent from $32.00 to $31.00 and set a “buy” rating for the company in a report on Wednesday, November 9th. Morgan Stanley increased their target price on shares of Frontier Communications Parent from $22.00 to $23.00 and gave the company an “equal weight” rating in a report on Thursday, December 15th. Finally, The Goldman Sachs Group lowered their target price on shares of Frontier Communications Parent from $40.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, November 3rd. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

Frontier Communications Parent Profile

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Frontier Communications Parent, Inc, together with its subsidiaries, provides communications services for consumer and business customers in 25 states in the United States. It offers data and Internet, voice, video, and other services. The company was formerly known as Frontier Communications Corporation and changed its name to Frontier Communications Parent, Inc in April 2021.

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Institutional Ownership by Quarter for Frontier Communications Parent (NASDAQ:FYBR)

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