M&T Bank Corp Sells 666 Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR)

M&T Bank Corp lowered its holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 3.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,890 shares of the company’s stock after selling 666 shares during the period. M&T Bank Corp’s holdings in Frontier Communications Parent were worth $641,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of FYBR. Proficio Capital Partners LLC bought a new position in Frontier Communications Parent in the 4th quarter valued at $1,583,000. Raymond James Financial Inc. purchased a new position in shares of Frontier Communications Parent during the 4th quarter valued at $2,065,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Frontier Communications Parent by 17.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 48,225 shares of the company’s stock valued at $1,673,000 after purchasing an additional 7,312 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Frontier Communications Parent by 5.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 20,087 shares of the company’s stock valued at $697,000 after purchasing an additional 1,116 shares in the last quarter. Finally, Swiss National Bank grew its position in shares of Frontier Communications Parent by 7.7% during the 4th quarter. Swiss National Bank now owns 391,800 shares of the company’s stock valued at $13,595,000 after purchasing an additional 27,900 shares in the last quarter.

Frontier Communications Parent Price Performance

FYBR opened at $36.75 on Wednesday. The company has a fifty day moving average price of $36.45 and a 200-day moving average price of $36.01. The firm has a market capitalization of $9.20 billion, a P/E ratio of -23.71 and a beta of 0.95. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.42 and a quick ratio of 0.42. Frontier Communications Parent, Inc. has a one year low of $24.43 and a one year high of $39.21.

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

About Frontier Communications Parent

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.