Groupe la Francaise Takes Position in 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 acquired a new position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 131,801 shares of the company's stock, valued at approximately $4,726,000. Groupe la Francaise owned 0.05% of Frontier Communications Parent as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Frontier Communications Parent by 0.3% during the first 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 during the period. Tudor Investment Corp ET AL acquired a new stake in shares of Frontier Communications Parent in the fourth quarter valued at approximately $114,555,000. Northern Trust Corp increased its stake in shares of Frontier Communications Parent by 1.9% in the first quarter. Northern Trust Corp now owns 2,118,814 shares of the company's stock valued at $75,981,000 after purchasing an additional 39,872 shares during the period. Aristeia Capital L.L.C. increased its stake in shares of Frontier Communications Parent by 152.4% in the fourth quarter. Aristeia Capital L.L.C. now owns 2,001,788 shares of the company's stock valued at $69,462,000 after purchasing an additional 1,208,699 shares during the period. Finally, Alpine Associates Management Inc. increased its stake in shares of Frontier Communications Parent by 53.9% in the first quarter. Alpine Associates Management Inc. now owns 1,604,844 shares of the company's stock valued at $57,550,000 after purchasing an additional 562,214 shares during the period.

Frontier Communications Parent Stock Performance

Shares of NASDAQ:FYBR traded up $0.09 during trading hours on Thursday, hitting $37.13. The stock had a trading volume of 4,121,061 shares, compared to its average volume of 2,894,977. The stock's fifty day simple moving average is $36.69 and its 200 day simple moving average is $36.30. Frontier Communications Parent, Inc. has a 1-year low of $27.95 and a 1-year high of $39.21. The firm has a market capitalization of $9.29 billion, a price-to-earnings ratio of -23.95 and a beta of 0.95. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.36 and a current ratio of 0.36.

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