Cetera Investment Advisers Purchases 991 Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Cetera Investment Advisers lifted its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 5.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 18,610 shares of the company’s stock after purchasing an additional 991 shares during the quarter. Cetera Investment Advisers’ holdings in Frontier Communications Parent were worth $667,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in FYBR. Parallel Advisors LLC grew its holdings in shares of Frontier Communications Parent by 360.7% in 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 during the last quarter. Lazard Asset Management LLC acquired a new position in Frontier Communications Parent during the 4th quarter worth about $76,000. UMB Bank n.a. grew its holdings in Frontier Communications Parent by 113.9% during the 1st 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 Frontier Communications Parent by 15.4% in the 1st quarter. Fifth Third Bancorp now owns 2,424 shares of the company’s stock valued at $87,000 after acquiring an additional 323 shares in the last quarter. Finally, Whipplewood Advisors LLC increased its position in Frontier Communications Parent by 7,980.6% in the 1st quarter. Whipplewood Advisors LLC now owns 2,505 shares of the company’s stock valued at $90,000 after acquiring an additional 2,474 shares in the last quarter.

Frontier Communications Parent Price Performance

Shares of FYBR stock opened at $37.08 on Friday. Frontier Communications Parent, Inc. has a 1 year low of $27.67 and a 1 year high of $39.21. The firm’s 50 day moving average is $36.55 and its 200-day moving average is $36.22. The firm has a market capitalization of $9.28 billion, a price-to-earnings ratio of -23.92 and a beta of 0.95. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 2.49.

Frontier Communications Parent (NASDAQ:FYBR) last posted its quarterly earnings data on Tuesday, July 29th. The company reported ($0.49) earnings per share 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 during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter last year, the firm earned ($0.49) EPS. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. Sell-side analysts forecast that Frontier Communications Parent, Inc. will post -1.11 EPS 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.