ABC Arbitrage SA Purchases 32,001 Shares of Frontier Communications Parent, Inc. $FYBR

ABC Arbitrage SA increased its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 22.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 174,796 shares of the company’s stock after buying an additional 32,001 shares during the quarter. ABC Arbitrage SA owned 0.07% of Frontier Communications Parent worth $6,363,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. grew its holdings in Frontier Communications Parent by 957.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 772 shares of the company’s stock worth $28,000 after acquiring an additional 699 shares during the last quarter. Brooklyn Investment Group grew its stake in shares of Frontier Communications Parent by 46.1% in 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 during the last quarter. Longfellow Investment Management Co. LLC purchased a new position in Frontier Communications Parent during the 1st quarter valued at about $74,000. GAMMA Investing LLC raised its position in Frontier Communications Parent by 29.7% during the 2nd 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 last quarter. Finally, CWM LLC lifted its holdings in Frontier Communications Parent by 101.9% in the 1st quarter. CWM LLC now owns 5,402 shares of the company’s stock worth $194,000 after buying an additional 2,727 shares during the period.

Frontier Communications Parent Trading Down 0.0%

NASDAQ FYBR opened at $37.87 on Wednesday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 2.56. Frontier Communications Parent, Inc. has a twelve month low of $33.72 and a twelve month high of $37.91. The firm has a market capitalization of $9.48 billion, a PE ratio of -24.91 and a beta of 0.94. The stock’s 50 day moving average is $37.47 and its 200 day moving average is $36.91.

Frontier Communications Parent (NASDAQ:FYBR) last posted its quarterly earnings data on Tuesday, October 28th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.10. Frontier Communications Parent had a negative return on equity of 7.91% and a negative net margin of 6.24%.The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the company earned ($0.33) earnings per share. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. Research analysts forecast that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Frontier Communications Parent in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Frontier Communications Parent has a consensus rating of “Reduce”.

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.