Headlands Technologies LLC Has $3.70 Million Stock Holdings in Frontier Communications Parent, Inc. $FYBR

Headlands Technologies LLC reduced its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 16.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,498 shares of the company’s stock after selling 20,629 shares during the quarter. Headlands Technologies LLC’s holdings in Frontier Communications Parent were worth $3,695,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in Frontier Communications Parent by 19.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,527 shares of the company’s stock valued at $274,000 after buying an additional 1,212 shares during the last quarter. Corient Private Wealth LLC acquired a new stake in shares of Frontier Communications Parent during the 2nd quarter worth approximately $205,000. Water Island Capital LLC raised its stake in shares of Frontier Communications Parent by 3.5% during the second quarter. Water Island Capital LLC now owns 109,783 shares of the company’s stock worth $3,996,000 after buying an additional 3,665 shares during the last quarter. Two Sigma Securities LLC acquired a new position in Frontier Communications Parent in the second quarter valued at approximately $1,601,000. Finally, Tidal Investments LLC bought a new position in Frontier Communications Parent in the second quarter valued at approximately $2,335,000.

Frontier Communications Parent Stock Up 0.3%

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

Frontier Communications Parent (NASDAQ:FYBR) last announced its quarterly earnings results on Tuesday, October 28th. The company reported ($0.30) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.10. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations 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 posted ($0.33) earnings per share. Analysts expect that Frontier Communications Parent, Inc. will post -1.11 EPS for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated 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 assigned a Sell rating to the stock. According to MarketBeat.com, the company 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.