Frontier Communications Parent, Inc. $FYBR Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its holdings in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 52.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,744 shares of the company’s stock after acquiring an additional 2,653 shares during the period. Russell Investments Group Ltd.’s holdings in Frontier Communications Parent were worth $278,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Frontier Communications Parent by 23.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,302 shares of the company’s stock worth $334,000 after buying an additional 1,755 shares in the last quarter. CSS LLC IL purchased a new stake in shares of Frontier Communications Parent during the fourth quarter worth about $392,000. Vanguard Group Inc. grew its holdings in shares of Frontier Communications Parent by 0.3% during the first quarter. Vanguard Group Inc. now owns 24,354,812 shares of the company’s stock worth $873,364,000 after buying an additional 77,795 shares in the last quarter. Tabor Asset Management LP purchased a new stake in shares of Frontier Communications Parent during the first quarter worth about $2,069,000. Finally, Hudson Bay Capital Management LP grew its holdings in shares of Frontier Communications Parent by 60.6% during the fourth quarter. Hudson Bay Capital Management LP now owns 532,999 shares of the company’s stock worth $18,495,000 after buying an additional 201,047 shares in the last quarter.

Frontier Communications Parent Stock Performance

Shares of NASDAQ FYBR opened at $37.08 on Tuesday. The company has a market cap of $9.28 billion, a PE ratio of -23.92 and a beta of 0.95. Frontier Communications Parent, Inc. has a 12 month low of $27.95 and a 12 month high of $39.21. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.36 and a quick ratio of 0.36. The company has a 50-day simple moving average of $36.75 and a 200-day simple moving average of $36.34.

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