HighTower Advisors LLC Invests $322,000 in Frontier Communications Parent, Inc. $FYBR

HighTower Advisors LLC bought a new position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 8,971 shares of the company’s stock, valued at approximately $322,000.

A number of other institutional investors and hedge funds have also bought and sold shares of FYBR. Sona Asset Management US LLC bought a new position in shares of Frontier Communications Parent during the fourth quarter worth approximately $51,179,000. Readystate Asset Management LP acquired a new position in Frontier Communications Parent in the 1st quarter valued at $50,082,000. Fort Baker Capital Management LP bought a new position in Frontier Communications Parent during the 4th quarter worth $42,037,000. Man Group plc acquired a new stake in shares of Frontier Communications Parent during the fourth quarter worth $39,501,000. Finally, Woodline Partners LP bought a new stake in shares of Frontier Communications Parent in the fourth quarter valued at about $31,230,000.

Frontier Communications Parent Trading Down 0.1%

FYBR stock opened at $37.08 on Tuesday. Frontier Communications Parent, Inc. has a 52 week low of $27.95 and a 52 week high of $39.21. The company has a market capitalization of $9.28 billion, a PE ratio of -23.92 and a beta of 0.95. The company’s 50-day simple moving average is $36.75 and its 200 day simple moving average is $36.34. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.36 and a current ratio of 0.36.

Frontier Communications Parent (NASDAQ:FYBR) last posted its quarterly earnings data 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 business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the firm earned ($0.49) EPS. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current year.

Frontier Communications Parent 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.