Teacher Retirement System of Texas Makes New Investment in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Teacher Retirement System of Texas purchased 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 Form 13F filing with the Securities and Exchange Commission. The fund purchased 56,855 shares of the company's stock, valued at approximately $2,039,000.

Other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted 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 worth $334,000 after acquiring an additional 1,755 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Frontier Communications Parent in the 4th quarter valued at approximately $2,065,000. CSS LLC IL purchased a new stake in Frontier Communications Parent in the 4th quarter valued at approximately $392,000. Hudson Bay Capital Management LP lifted its stake in Frontier Communications Parent by 60.6% in the 4th quarter. Hudson Bay Capital Management LP now owns 532,999 shares of the company's stock valued at $18,495,000 after buying an additional 201,047 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in Frontier Communications Parent in the 4th quarter valued at approximately $970,000.

Frontier Communications Parent Price Performance

FYBR stock traded down $0.03 on Monday, reaching $36.75. The company had a trading volume of 1,193,698 shares, compared to its average volume of 3,033,802. Frontier Communications Parent, Inc. has a 1 year low of $24.43 and a 1 year high of $39.21. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.42 and a current ratio of 0.42. The company's fifty day moving average is $36.45 and its 200 day moving average is $36.01. The company has a market cap of $9.20 billion, a P/E ratio of -23.71 and a beta of 0.95.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported ($0.26) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.33) by $0.07. Frontier Communications Parent had a negative return on equity of 7.73% and a negative net margin of 6.47%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.51 billion. The business's revenue was up 3.5% on a year-over-year basis. On average, research analysts forecast that Frontier Communications Parent, Inc. will post -1.11 earnings per share 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.