DekaBank Deutsche Girozentrale Has $3.37 Million Position in Frontier Communications Parent, Inc. $FYBR

DekaBank Deutsche Girozentrale lowered its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 11.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 92,500 shares of the company’s stock after selling 12,500 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Frontier Communications Parent were worth $3,367,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in FYBR. Wealth Enhancement Advisory Services LLC boosted its position in 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 purchasing an additional 1,755 shares during the period. Jag Capital Management LLC boosted its position in shares of Frontier Communications Parent by 3.9% in the first quarter. Jag Capital Management LLC now owns 8,320 shares of the company’s stock valued at $298,000 after acquiring an additional 311 shares during the period. CIBRA Capital Ltd boosted its position in shares of Frontier Communications Parent by 68.9% in the first quarter. CIBRA Capital Ltd now owns 585,037 shares of the company’s stock valued at $20,979,000 after acquiring an additional 238,600 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of Frontier Communications Parent in the first quarter valued at approximately $2,039,000. Finally, Principal Financial Group Inc. boosted its position in shares of Frontier Communications Parent by 0.3% in the first quarter. Principal Financial Group Inc. now owns 511,142 shares of the company’s stock valued at $18,330,000 after acquiring an additional 1,732 shares during the period.

Frontier Communications Parent Stock Down 0.0%

Shares of FYBR stock opened at $37.54 on Friday. The stock has a market cap of $9.40 billion, a P/E ratio of -24.22 and a beta of 0.94. Frontier Communications Parent, Inc. has a one year low of $33.72 and a one year high of $37.87. The stock has a fifty day moving average price of $37.30 and a 200 day moving average price of $36.75. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.36 and a quick ratio of 0.36.

Frontier Communications Parent (NASDAQ:FYBR) last released its quarterly earnings data on Tuesday, July 29th. The company reported ($0.49) earnings per share (EPS) 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 quarter in the prior year, the company earned ($0.49) earnings per share. The business’s revenue was up 4.0% compared to the same quarter last year. Analysts predict that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Frontier Communications Parent in a research report on Saturday. Two research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Frontier Communications Parent currently has an average rating of “Reduce”.

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.