Recent insider trends for Frontier Communications Corporation (NASDAQ:FTR) have caught the attention of investors. Patters in insider activity can help analysts formulate an outlook for a stock. In the case of FTR, the data has a lot to say about how the stock might perform going forward.
Institutions own 609.23% of Frontier Communications Corporation (FTR)’s shares. The total value of these holdings, in millions, is $3,327. Among active positions in the latest quarter, 154 holders increased their positions by a total of 437.25 million shares, 319 holders decreased the positions by a total of 249.98 million shares, and 26 holders held their positions. This works out to a net increase in ownership of 187.28 million shares, and suggests that institutions are feeling bullish about the stock.
Among new and sold out positions, 69 holders initiated new positions by a total of 17.54 million shares and 165 holders exited their positions by a total of 8.3 million shares. This nets out to an increase of 9.24 million shares and is a bullish sign for FTR.
Insider ownership increased by a total of 0 shares, which suggests that FTR’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a different story: insiders executed 2 sells, and ownership decreased by a net of 1485 shares.
Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment. Frontier Communications Corporation (NASDAQ:FTR)’s short interest is 26.59 million shares, or % of the float. This represents a decrease of -0% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.
Insider data can help an investor form an outlook on a stock, but it’s important to supplement this data with other information such as technical indicators to form a more complete view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that FTR is a Strong sell, which implies that FTR is expected to underperform the market based on prior trading patterns.
Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Frontier Communications Corporation (NASDAQ:FTR) is overvalued.