US Bancorp DE Acquires 450 Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR)

US Bancorp DE boosted its holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 5.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,223 shares of the company’s stock after acquiring an additional 450 shares during the quarter. US Bancorp DE’s holdings in Frontier Communications Parent were worth $295,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Parallel Advisors LLC increased its stake in Frontier Communications Parent by 360.7% in the first quarter. Parallel Advisors LLC now owns 1,958 shares of the company’s stock valued at $70,000 after acquiring an additional 1,533 shares during the period. Lazard Asset Management LLC bought a new stake in Frontier Communications Parent in the fourth quarter valued at about $76,000. UMB Bank n.a. increased its stake in Frontier Communications Parent by 113.9% in the first quarter. UMB Bank n.a. now owns 2,246 shares of the company’s stock valued at $81,000 after acquiring an additional 1,196 shares during the period. Fifth Third Bancorp increased its stake in Frontier Communications Parent by 15.4% in the first quarter. Fifth Third Bancorp now owns 2,424 shares of the company’s stock valued at $87,000 after acquiring an additional 323 shares during the period. Finally, Whipplewood Advisors LLC grew its stake in Frontier Communications Parent by 7,980.6% during 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 last quarter.

Frontier Communications Parent Price Performance

Shares of Frontier Communications Parent stock opened at $37.08 on Friday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 2.49. The stock has a market capitalization of $9.28 billion, a price-to-earnings ratio of -23.92 and a beta of 0.95. 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 price is $36.55 and its two-hundred day moving average price is $36.22.

Frontier Communications Parent (NASDAQ:FYBR) last issued 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). The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.52 billion. Frontier Communications Parent had a negative return on equity of 7.88% and a negative net margin of 6.40%. Frontier Communications Parent’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.49) earnings per share. On average, equities analysts predict 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.