State of Alaska Department of Revenue Raises Stock Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

State of Alaska Department of Revenue increased its holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 2.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,973 shares of the company’s stock after acquiring an additional 705 shares during the quarter. State of Alaska Department of Revenue’s holdings in Frontier Communications Parent were worth $931,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Parallel Advisors LLC boosted its position in shares of Frontier Communications Parent by 360.7% during the 1st quarter. Parallel Advisors LLC now owns 1,958 shares of the company’s stock worth $70,000 after purchasing an additional 1,533 shares in the last quarter. Lazard Asset Management LLC purchased a new position in Frontier Communications Parent during the fourth quarter worth approximately $76,000. UMB Bank n.a. increased its stake in Frontier Communications Parent by 113.9% during the first quarter. UMB Bank n.a. now owns 2,246 shares of the company’s stock worth $81,000 after acquiring an additional 1,196 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Frontier Communications Parent by 15.4% in the first quarter. Fifth Third Bancorp now owns 2,424 shares of the company’s stock worth $87,000 after acquiring an additional 323 shares in the last quarter. Finally, Whipplewood Advisors LLC boosted its position in shares of Frontier Communications Parent by 7,980.6% in the first quarter. Whipplewood Advisors LLC now owns 2,505 shares of the company’s stock worth $90,000 after buying an additional 2,474 shares during the period.

Frontier Communications Parent Price Performance

FYBR opened at $36.32 on Friday. Frontier Communications Parent, Inc. has a twelve month low of $24.43 and a twelve month high of $39.21. The company has a fifty day simple moving average of $36.38 and a 200 day simple moving average of $35.84. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 2.39. The firm has a market cap of $9.09 billion, a price-to-earnings ratio of -23.43 and a beta of 0.97.

Frontier Communications Parent (NASDAQ:FYBR) last issued its quarterly earnings results on Tuesday, April 29th. The company reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.33) by $0.07. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Frontier Communications Parent had a negative net margin of 6.47% and a negative return on equity of 7.73%. The business’s revenue was up 3.5% compared to the same quarter last year. Equities research analysts expect that Frontier Communications Parent, Inc. will post -1.11 EPS for the current fiscal year.

Frontier Communications Parent 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.