AQR Arbitrage LLC Has $33.37 Million Holdings in Frontier Communications Parent, Inc. $FYBR

AQR Arbitrage LLC grew its position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 48.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 916,825 shares of the company’s stock after purchasing an additional 300,315 shares during the quarter. AQR Arbitrage LLC owned about 0.37% of Frontier Communications Parent worth $33,372,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FYBR. 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 buying an additional 699 shares during the period. Brooklyn Investment Group boosted its position in Frontier Communications Parent by 46.1% during the first quarter. Brooklyn Investment Group now owns 1,137 shares of the company’s stock valued at $41,000 after acquiring an additional 359 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Frontier Communications Parent by 178.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,515 shares of the company’s stock worth $92,000 after acquiring an additional 1,613 shares during the period. Longfellow Investment Management Co. LLC raised its position in shares of Frontier Communications Parent by 49.7% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 3,096 shares of the company’s stock worth $113,000 after acquiring an additional 1,028 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Frontier Communications Parent by 29.7% in the 2nd quarter. GAMMA Investing LLC now owns 3,921 shares of the company’s stock worth $143,000 after acquiring an additional 898 shares in the last quarter.

Frontier Communications Parent Stock Performance

NASDAQ FYBR opened at $38.03 on Friday. The company has a fifty day simple moving average of $37.74 and a 200 day simple moving average of $37.12. Frontier Communications Parent, Inc. has a 12-month low of $34.60 and a 12-month high of $38.05. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 2.56. The company has a market cap of $9.52 billion, a P/E ratio of -25.02 and a beta of 0.94.

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

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Frontier Communications Parent in a research report on Thursday. Two research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Frontier Communications Parent presently has an average rating of “Reduce”.

Frontier Communications Parent Company 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.