Frontier Communications Parent Inc (NASDAQ: FYBR) is 37.45% higher on its value in year-to-date trading and has touched a low of $20.51 and a high of $39.21 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FYBR stock was last observed hovering at around $34.76 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $34.83, the stock is 0.37% and -0.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.61 million and changing 0.20% at the moment leaves the stock 18.95% off its SMA200. FYBR registered 40.50% gain for a year compared to 6-month gain of 38.60%. The firm has a 50-day simple moving average (SMA 50) of $35.1074 and a 200-day simple moving average (SMA200) of $29.22415.
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The stock witnessed a -0.09% loss in the last 1 month and extending the period to 3 months gives it a -1.47%, and is 0.58% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 0.47% over the week and 0.50% over the month.
Frontier Communications Parent Inc (FYBR) has around 13300 employees, a market worth around $8.67B and $5.86B in sales. Profit margin for the company is -3.19%. Distance from 52-week low is 69.82% and -11.17% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.13%).
The EPS is expected to shrink by -927.13% this year.
Frontier Communications Parent Inc (FYBR) Top Institutional Holders
447.0 institutions hold shares in Frontier Communications Parent Inc (FYBR), with institutional investors hold 90.51% of the company’s shares. The shares outstanding are 249.01M, and float is at 205.35M with Short Float at 4.36%. Institutions hold 89.37% of the Float.
The top institutional shareholder in the company is ARES MANAGEMENT LLC with over 38.91 million shares valued at $1.02 billion. The investor’s holdings represent 15.7989% of the FYBR Shares outstanding. As of 2024-06-30, the second largest holder is GLENDON CAPITAL MANAGEMENT LP with 24.22 million shares valued at $633.97 million to account for 9.8318 of the shares outstanding. The other top investors are CERBERUS CAPITAL MANAGEMENT, L.P. which holds 24.18 million shares representing 9.8191% and valued at over $633.15 million, while VANGUARD GROUP INC holds 9.7652 of the shares totaling 24.05 million with a market value of $629.68 million.
Frontier Communications Parent Inc (FYBR) Insider Activity
The most recent transaction is an insider sale by ARES MANAGEMENT LLC, the company’s 10% Owner. SEC filings show that ARES MANAGEMENT LLC sold 11,500,000 shares of the company’s common stock on Dec 10 ’24 at a price of $34.37 per share for a total of $395.25 million. Following the sale, the insider now owns 23.92 million shares.
Frontier Communications Parent Inc disclosed in a document filed with the SEC on Dec 10 ’24 that ARES MANAGEMENT LLC (10% Owner) sold a total of 11,500,000 shares of the company’s common stock. The trade occurred on Dec 10 ’24 and was made at $34.37 per share for $395.25 million. Following the transaction, the insider now directly holds 23.92 million shares of the FYBR stock.
Still, SEC filings show that on Dec 10 ’24, ARES MANAGEMENT LLC (10% Owner) disposed off 11,500,000 shares at an average price of $34.37 for $395.25 million. The insider now directly holds 23,922,768 shares of Frontier Communications Parent Inc (FYBR).
