Neo Ivy Capital Management Invests $49,000 in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Neo Ivy Capital Management acquired a new stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,918 shares of the company’s stock, valued at approximately $49,000.

A number of other institutional investors have also modified their holdings of FYBR. Glendon Capital Management LP boosted its stake in Frontier Communications Parent by 6.2% during the third quarter. Glendon Capital Management LP now owns 24,215,909 shares of the company’s stock worth $378,979,000 after buying an additional 1,417,609 shares during the last quarter. Vanguard Group Inc. increased its stake in Frontier Communications Parent by 0.5% in the third quarter. Vanguard Group Inc. now owns 23,827,853 shares of the company’s stock valued at $372,906,000 after purchasing an additional 118,939 shares during the period. Capital International Investors grew its stake in shares of Frontier Communications Parent by 0.3% in the 4th quarter. Capital International Investors now owns 17,322,427 shares of the company’s stock valued at $438,950,000 after purchasing an additional 44,579 shares during the last quarter. JANA Partners Management LP purchased a new stake in shares of Frontier Communications Parent in the third quarter valued at about $129,569,000. Finally, Dimensional Fund Advisors LP increased its holdings in Frontier Communications Parent by 41.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,861,434 shares of the company’s stock valued at $123,191,000 after acquiring an additional 1,415,278 shares in the last quarter.

Frontier Communications Parent Price Performance

Shares of FYBR stock traded down $0.36 during trading hours on Friday, reaching $25.05. 1,093,835 shares of the company were exchanged, compared to its average volume of 1,018,934. The company has a market cap of $6.23 billion, a price-to-earnings ratio of 227.73 and a beta of 1.10. Frontier Communications Parent, Inc. has a fifty-two week low of $11.65 and a fifty-two week high of $27.41. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.07 and a quick ratio of 1.07. The stock’s fifty day moving average is $24.96 and its two-hundred day moving average is $24.09.

Wall Street Analyst Weigh In

FYBR has been the topic of a number of research analyst reports. Citigroup raised their price target on Frontier Communications Parent from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. 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 price objective for the company. Finally, TD Cowen reduced their price target on shares of Frontier Communications Parent from $41.00 to $39.00 and set a “buy” rating for the company in a research report on Monday, May 6th. One investment analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Frontier Communications Parent currently has a consensus rating of “Moderate Buy” and a consensus price target 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.