Caxton Associates LLP Has $39.82 Million Stake in Frontier Communications Parent, Inc. $FYBR

Caxton Associates LLP lifted its position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 249.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,093,846 shares of the company’s stock after purchasing an additional 780,846 shares during the period. Frontier Communications Parent accounts for approximately 1.0% of Caxton Associates LLP’s investment portfolio, making the stock its 13th biggest holding. Caxton Associates LLP owned approximately 0.44% of Frontier Communications Parent worth $39,816,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its holdings in Frontier Communications Parent by 7.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,417 shares of the company’s stock valued at $302,000 after buying an additional 560 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Frontier Communications Parent by 7.5% in the first quarter. Deutsche Bank AG now owns 13,733 shares of the company’s stock valued at $492,000 after acquiring an additional 963 shares during the period. Townsquare Capital LLC acquired a new position in shares of Frontier Communications Parent in the first quarter valued at about $346,000. Nuveen LLC bought a new position in Frontier Communications Parent during the first quarter worth about $23,908,000. Finally, HighTower Advisors LLC acquired a new stake in Frontier Communications Parent in the 1st quarter worth about $322,000.

Wall Street Analyst Weigh In

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

Frontier Communications Parent Stock Up 0.3%

FYBR stock opened at $38.03 on Friday. Frontier Communications Parent, Inc. has a 52 week low of $34.60 and a 52 week high of $38.05. The business has a 50-day simple moving average of $37.74 and a 200 day simple moving average of $37.13. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 2.56. The company has a market cap of $9.52 billion, a PE ratio of -25.02 and a beta of 0.94.

Frontier Communications Parent (NASDAQ:FYBR) last released its earnings results on Tuesday, October 28th. The company reported ($0.30) EPS for the quarter, beating the consensus estimate of ($0.40) by $0.10. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.33) EPS. Sell-side analysts anticipate that Frontier Communications Parent, Inc. will post -1.11 EPS for the current fiscal year.

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.