Groupe la Francaise Acquires Shares of 131,801 Frontier Communications Parent, Inc. $FYBR

Key Points

• Groupe la Francaise acquired 131,801 shares of Frontier Communications Parent, Inc. in Q1, valued at approximately $4.7 million, giving them a 0.05% ownership stake in the company.
• Frontier Communications reported a loss of $0.49 EPS in its last quarterly earnings, missing the consensus estimate, but achieved revenue of $1.54 billion, slightly exceeding analyst expectations.
• The company's shares are currently trading at approximately $36.94, with a market capitalization of $9.25 billion, and have experienced a 1-year trading range between $27.88 and $39.21.

Groupe la Francaise bought a new position in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 131,801 shares of the company's stock, valued at approximately $4,726,000. Groupe la Francaise owned about 0.05% of Frontier Communications Parent as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC grew its stake in shares of Frontier Communications Parent by 23.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,302 shares of the company's stock valued at $334,000 after purchasing an additional 1,755 shares during the period. CSS LLC IL bought a new position in shares of Frontier Communications Parent during the 4th quarter valued at approximately $392,000. Vanguard Group Inc. increased its holdings in Frontier Communications Parent by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 24,354,812 shares of the company's stock worth $873,364,000 after acquiring an additional 77,795 shares in the last quarter. Tabor Asset Management LP bought a new position in shares of Frontier Communications Parent in the first quarter worth approximately $2,069,000. Finally, Hudson Bay Capital Management LP raised its holdings in Frontier Communications Parent by 60.6% during the fourth quarter. Hudson Bay Capital Management LP now owns 532,999 shares of the company's stock valued at $18,495,000 after acquiring an additional 201,047 shares during the period.

Frontier Communications Parent Price Performance

Shares of NASDAQ:FYBR traded down $0.01 during trading on Friday, hitting $37.13. 926,588 shares of the company's stock were exchanged, compared to its average volume of 2,890,408. The business's 50-day simple moving average is $36.71 and its 200 day simple moving average is $36.31. The company has a market cap of $9.29 billion, a price-to-earnings ratio of -23.95 and a beta of 0.95. Frontier Communications Parent, Inc. has a 52-week low of $27.95 and a 52-week high of $39.21. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.36 and a quick ratio of 0.36.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported ($0.49) EPS for the quarter, missing analysts' consensus estimates of ($0.31) by ($0.18). Frontier Communications Parent had a negative return on equity of 7.88% and a negative net margin of 6.40%.The business had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.52 billion. During the same period in the prior year, the firm posted ($0.49) earnings per share. The firm's revenue for the quarter was up 4.0% on a year-over-year basis. As a group, equities analysts predict that Frontier Communications Parent, Inc. will post -1.11 EPS for the current 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.