Frontier Communications Parent, Inc. $FYBR Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC grew its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 274.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 144,982 shares of the company’s stock after acquiring an additional 106,245 shares during the quarter. AQR Capital Management LLC owned about 0.06% of Frontier Communications Parent worth $5,199,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. BNP Paribas Financial Markets acquired a new stake in shares of Frontier Communications Parent during the fourth quarter worth $970,000. Bank of America Corp DE lifted its holdings in shares of Frontier Communications Parent by 38.7% during the fourth quarter. Bank of America Corp DE now owns 358,586 shares of the company’s stock worth $12,443,000 after purchasing an additional 100,099 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Frontier Communications Parent by 4.4% during the fourth quarter. Janus Henderson Group PLC now owns 89,532 shares of the company’s stock worth $3,109,000 after purchasing an additional 3,800 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of Frontier Communications Parent during the fourth quarter worth $76,000. Finally, ProShare Advisors LLC lifted its holdings in shares of Frontier Communications Parent by 7.5% during the fourth quarter. ProShare Advisors LLC now owns 10,368 shares of the company’s stock worth $360,000 after purchasing an additional 726 shares during the period.

Frontier Communications Parent Price Performance

Shares of NASDAQ FYBR opened at $37.53 on Friday. 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 stock has a fifty day moving average price of $36.90 and a 200 day moving average price of $36.42. Frontier Communications Parent, Inc. has a 1-year low of $33.72 and a 1-year high of $37.56. The company has a market cap of $9.39 billion, a PE ratio of -24.21 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 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 analyst estimates of $1.52 billion. During the same period in the prior year, the business earned ($0.49) earnings per share. Frontier Communications Parent’s revenue for the quarter was up 4.0% compared to the same quarter last year. Sell-side analysts forecast that Frontier Communications Parent, Inc. will post -1.11 EPS 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.