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

Caxton Associates LLP raised its holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 249.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,093,846 shares of the company’s stock after acquiring an additional 780,846 shares during the period. Frontier Communications Parent comprises 1.0% of Caxton Associates LLP’s holdings, making the stock its 13th biggest holding. Caxton Associates LLP’s holdings in Frontier Communications Parent were worth $39,816,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Qube Research & Technologies Ltd grew its holdings in shares of Frontier Communications Parent by 52.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 6,238,099 shares of the company’s stock valued at $227,067,000 after purchasing an additional 2,157,594 shares during the last quarter. Norges Bank acquired a new stake in Frontier Communications Parent in the second quarter valued at approximately $207,593,000. Balyasny Asset Management L.P. grew its stake in shares of Frontier Communications Parent by 130.5% during the second quarter. Balyasny Asset Management L.P. now owns 4,552,418 shares of the company’s stock worth $165,708,000 after buying an additional 2,577,691 shares during the last quarter. Pentwater Capital Management LP acquired a new position in shares of Frontier Communications Parent during the first quarter worth $161,370,000. Finally, Millennium Management LLC lifted its stake in shares of Frontier Communications Parent by 56.2% in the 1st quarter. Millennium Management LLC now owns 4,487,109 shares of the company’s stock valued at $160,908,000 after acquiring an additional 1,615,356 shares during the last quarter.

Wall Street Analyst Weigh In

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

Frontier Communications Parent Trading Up 0.3%

Shares of NASDAQ FYBR opened at $38.03 on Friday. The firm has a 50 day moving average price of $37.74 and a two-hundred day moving average price of $37.13. The stock has a market cap of $9.52 billion, a P/E ratio of -25.02 and a beta of 0.94. Frontier Communications Parent, Inc. has a 52-week low of $34.60 and a 52-week high of $38.05. 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 (NASDAQ:FYBR) last issued its quarterly earnings results on Tuesday, October 28th. The company reported ($0.30) EPS for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.10. Frontier Communications Parent had a negative net margin of 6.24% and a negative return on equity of 7.91%. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the previous year, the business earned ($0.33) earnings per share. Frontier Communications Parent’s revenue was up 4.1% compared to the same quarter last year. As a group, equities analysts forecast that Frontier Communications Parent, Inc. will post -1.11 EPS for the current year.

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.