Frontier Communications Parent, Inc. $FYBR Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio reduced its holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 3.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,798 shares of the company’s stock after selling 2,790 shares during the period. Public Employees Retirement System of Ohio’s holdings in Frontier Communications Parent were worth $2,650,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in Frontier Communications Parent by 29.7% in the second quarter. GAMMA Investing LLC now owns 3,921 shares of the company’s stock valued at $143,000 after purchasing an additional 898 shares during the period. NBC Securities Inc. grew its holdings in Frontier Communications Parent by 2.3% in the second quarter. NBC Securities Inc. now owns 35,710 shares of the company’s stock valued at $1,299,000 after purchasing an additional 812 shares during the period. Voya Investment Management LLC grew its holdings in Frontier Communications Parent by 2.8% in the first quarter. Voya Investment Management LLC now owns 30,651 shares of the company’s stock valued at $1,099,000 after purchasing an additional 834 shares during the period. Strs Ohio acquired a new stake in Frontier Communications Parent in the first quarter valued at approximately $1,214,000. Finally, Geneos Wealth Management Inc. grew its holdings in Frontier Communications Parent by 957.5% in the first quarter. Geneos Wealth Management Inc. now owns 772 shares of the company’s stock valued at $28,000 after purchasing an additional 699 shares during the period.

Frontier Communications Parent Stock Up 0.2%

Shares of FYBR opened at $37.41 on Thursday. 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. The stock’s 50 day moving average is $37.05 and its two-hundred day moving average is $36.55. The firm has a market cap of $9.36 billion, a P/E ratio of -24.14 and a beta of 0.94.

Frontier Communications Parent (NASDAQ:FYBR) last issued its quarterly earnings data on Tuesday, July 29th. The company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.18). The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.52 billion. Frontier Communications Parent had a negative net margin of 6.40% and a negative return on equity of 7.88%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.49) earnings per share. 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.