Teacher Retirement System of Texas acquired a new position in 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 & Exchange Commission. The fund acquired 56,855 shares of the company's stock, valued at approximately $2,039,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Parallel Advisors LLC lifted its holdings in Frontier Communications Parent by 360.7% during the first quarter. Parallel Advisors LLC now owns 1,958 shares of the company's stock valued at $70,000 after purchasing an additional 1,533 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Frontier Communications Parent during the 4th quarter valued at approximately $76,000. UMB Bank n.a. grew its stake in Frontier Communications Parent by 113.9% in the 1st quarter. UMB Bank n.a. now owns 2,246 shares of the company's stock valued at $81,000 after buying an additional 1,196 shares in the last quarter. Fifth Third Bancorp raised its holdings in Frontier Communications Parent by 15.4% during the 1st quarter. Fifth Third Bancorp now owns 2,424 shares of the company's stock valued at $87,000 after acquiring an additional 323 shares during the period. Finally, Whipplewood Advisors LLC lifted its position in shares of Frontier Communications Parent by 7,980.6% during the first quarter. Whipplewood Advisors LLC now owns 2,505 shares of the company's stock worth $90,000 after acquiring an additional 2,474 shares in the last quarter.
Frontier Communications Parent Price Performance
Shares of NASDAQ FYBR opened at $36.67 on Friday. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.42 and a current ratio of 0.42. Frontier Communications Parent, Inc. has a fifty-two week low of $24.43 and a fifty-two week high of $39.21. The stock has a market cap of $9.18 billion, a PE ratio of -23.66 and a beta of 0.95. The stock has a fifty day moving average of $36.44 and a 200-day moving average of $35.96.
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 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 business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.51 billion. The company's revenue was up 3.5% compared to the same quarter last year. Equities research analysts anticipate that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current year.
About Frontier Communications Parent
(
Free Report)
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.
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