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On June 2, 2023 at 11:28:37 ET an unusually large $394.38K block of Call contracts in Frontier Communications Parent (FYBR) was sold, with a strike price of $15.00 / share, expiring in 77 day(s) (on August 18, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.09 sigmas above the mean, placing it in the 86.83th percentile of all recent large trades made in FYBR options.

This trade was first picked up on Fintel’s real time Options Flow tool, where unusual option trades are highlighted.

What is the Fund Sentiment?

There are 583 funds or institutions reporting positions in Frontier Communications Parent. This is an increase of 53 owner(s) or 10.00% in the last quarter. Average portfolio weight of all funds dedicated to FYBR is 0.72%, a decrease of 11.56%. Total shares owned by institutions increased in the last three months by 0.64% to 270,236K shares. The put/call ratio of FYBR is 0.77, indicating a bullish outlook.

Analyst Price Forecast Suggests 138.16% Upside

As of June 2, 2023, the average one-year price target for Frontier Communications Parent is 35.24. The forecasts range from a low of 18.18 to a high of $72.45. The average price target represents an increase of 138.16% from its latest reported closing price of 14.80.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Frontier Communications Parent is 5,836MM, an increase of 0.97%. The projected annual non-GAAP EPS is 0.38.

What are Other Shareholders Doing?

FYBR / Frontier Communications Parent Inc Shares Held by Institutions

Ares Management holds 37,095K shares representing 15.12% ownership of the company. In it’s prior filing, the firm reported owning 35,205K shares, representing an increase of 5.09%. The firm increased its portfolio allocation in FYBR by 6.71% over the last quarter.

Cerberus Capital Management holds 23,455K shares representing 9.56% ownership of the company. In it’s prior filing, the firm reported owning 23,105K shares, representing an increase of 1.49%. The firm decreased its portfolio allocation in FYBR by 5.87% over the last quarter.

Glendon Capital Management holds 21,279K shares representing 8.67% ownership of the company. No change in the last quarter.

Capital International Investors holds 16,003K shares representing 6.52% ownership of the company. In it’s prior filing, the firm reported owning 15,264K shares, representing an increase of 4.62%. The firm decreased its portfolio allocation in FYBR by 10.21% over the last quarter.

AGTHX – GROWTH FUND OF AMERICA holds 7,996K shares representing 3.26% ownership of the company. No change in the last quarter.

Frontier Communications Parent Background Information
(This description is provided by the company.)

Frontier Communications Parent, Inc. is an American telecommunications company. The company previously served primarily rural areas and smaller communities, but now also serves several large metropolitan markets.

Key filings for this company:

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



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By Fintel