56,855 Shares in Frontier Communications Parent, Inc. (NASDAQ:FYBR) Bought by Teacher Retirement System of Texas

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

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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