GAMMA Investing LLC Buys 898 Shares of Frontier Communications Parent, Inc. $FYBR

GAMMA Investing LLC raised its holdings in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 29.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,921 shares of the company’s stock after purchasing an additional 898 shares during the period. GAMMA Investing LLC’s holdings in Frontier Communications Parent were worth $143,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Geneos Wealth Management Inc. increased its position in shares of Frontier Communications Parent by 957.5% during the first quarter. Geneos Wealth Management Inc. now owns 772 shares of the company’s stock worth $28,000 after purchasing an additional 699 shares in the last quarter. Brooklyn Investment Group increased its position in shares of Frontier Communications Parent by 46.1% during the first quarter. Brooklyn Investment Group now owns 1,137 shares of the company’s stock worth $41,000 after purchasing an additional 359 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Frontier Communications Parent by 360.7% during the first quarter. Parallel Advisors LLC now owns 1,958 shares of the company’s stock worth $70,000 after purchasing an additional 1,533 shares in the last quarter. Longfellow Investment Management Co. LLC acquired a new position in shares of Frontier Communications Parent during the first quarter worth $74,000. Finally, UMB Bank n.a. increased its position in shares of Frontier Communications Parent by 113.9% during the first quarter. UMB Bank n.a. now owns 2,246 shares of the company’s stock worth $81,000 after purchasing an additional 1,196 shares in the last quarter.

Frontier Communications Parent Stock Performance

Shares of FYBR stock opened at $37.34 on Tuesday. The business’s fifty day simple moving average is $37.03 and its 200-day simple moving average is $36.54. The company has a market cap of $9.35 billion, a PE ratio of -24.09 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, Inc. has a 12-month low of $33.72 and a 12-month high of $37.81.

Frontier Communications Parent (NASDAQ:FYBR) last issued its quarterly 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). The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. Frontier Communications Parent had a negative return on equity of 7.88% and a negative net margin of 6.40%.The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.49) earnings per share. Analysts expect 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.