Mutual of America Capital Management LLC Sells 3,006 Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Mutual of America Capital Management LLC lowered its position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 2.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 114,065 shares of the company’s stock after selling 3,006 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Frontier Communications Parent were worth $4,090,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Arizona State Retirement System lifted its position in shares of Frontier Communications Parent by 5.0% during the 1st quarter. Arizona State Retirement System now owns 60,705 shares of the company’s stock worth $2,177,000 after buying an additional 2,909 shares in the last quarter. Xponance Inc. lifted its position in shares of Frontier Communications Parent by 1.3% during the 1st quarter. Xponance Inc. now owns 26,712 shares of the company’s stock worth $958,000 after buying an additional 333 shares in the last quarter. State of Michigan Retirement System lifted its position in shares of Frontier Communications Parent by 1.0% during the 1st quarter. State of Michigan Retirement System now owns 53,000 shares of the company’s stock worth $1,901,000 after buying an additional 500 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Frontier Communications Parent by 10.2% during the 1st quarter. Cerity Partners LLC now owns 11,775 shares of the company’s stock worth $422,000 after buying an additional 1,087 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of Frontier Communications Parent by 13.5% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 105,000 shares of the company’s stock worth $3,765,000 after buying an additional 12,500 shares in the last quarter.

Frontier Communications Parent Trading Down 0.2%

Shares of FYBR stock opened at $36.58 on Friday. The company has a 50 day moving average of $36.50 and a 200-day moving average of $36.19. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 2.49. Frontier Communications Parent, Inc. has a 12-month low of $27.19 and a 12-month high of $39.21. The firm has a market cap of $9.16 billion, a P/E ratio of -23.60 and a beta of 0.95.

Frontier Communications Parent (NASDAQ:FYBR) last issued its quarterly earnings results on Tuesday, July 29th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.18). Frontier Communications Parent had a negative return on equity of 7.88% and a negative net margin of 6.40%. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the previous year, the business earned ($0.49) EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. Sell-side analysts anticipate that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current year.

Frontier Communications Parent Company 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.