Frontier Communications Parent, Inc. $FYBR Position Increased by FORA Capital LLC

FORA Capital LLC raised its stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 817.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 64,402 shares of the company’s stock after acquiring an additional 57,381 shares during the period. FORA Capital LLC’s holdings in Frontier Communications Parent were worth $2,344,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Geneos Wealth Management Inc. boosted its stake in shares of Frontier Communications Parent by 957.5% during 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 in the last quarter. Brooklyn Investment Group lifted its holdings in shares of 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 purchasing an additional 359 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Frontier Communications Parent by 178.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,515 shares of the company’s stock valued at $92,000 after purchasing an additional 1,613 shares during the period. Longfellow Investment Management Co. LLC raised its holdings in Frontier Communications Parent by 49.7% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 3,096 shares of the company’s stock worth $113,000 after buying an additional 1,028 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Frontier Communications Parent by 29.7% during the second quarter. GAMMA Investing LLC now owns 3,921 shares of the company’s stock valued at $143,000 after buying an additional 898 shares in the last quarter.

Analyst Ratings Changes

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

Frontier Communications Parent Stock Performance

Shares of FYBR opened at $38.03 on Friday. The company’s 50 day moving average price is $37.74 and its 200 day moving average price is $37.13. Frontier Communications Parent, Inc. has a 52 week low of $34.60 and a 52 week high of $38.05. The company has a market capitalization of $9.52 billion, a PE ratio of -25.02 and a beta of 0.94. 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 released its earnings results 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 net margin of 6.24% and a negative return on equity of 7.91%. The company 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 firm earned ($0.33) EPS. The company’s revenue was up 4.1% compared to the same quarter last year. Research analysts expect that Frontier Communications Parent, Inc. will post -1.11 EPS for the current fiscal year.

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.