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

Teacher Retirement System of Texas purchased a new position in shares of 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 purchased 56,855 shares of the company's stock, valued at approximately $2,039,000.

A number of other institutional investors also recently modified their holdings of FYBR. Parallel Advisors LLC grew its position in shares of Frontier Communications Parent by 360.7% in the 1st quarter. Parallel Advisors LLC now owns 1,958 shares of the company's stock valued at $70,000 after buying an additional 1,533 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of Frontier Communications Parent in the fourth quarter worth approximately $76,000. UMB Bank n.a. boosted its holdings in Frontier Communications Parent by 113.9% in the first quarter. UMB Bank n.a. now owns 2,246 shares of the company's stock valued at $81,000 after acquiring an additional 1,196 shares during the last quarter. Fifth Third Bancorp increased its position 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 purchasing an additional 323 shares during the period. Finally, Whipplewood Advisors LLC increased its position in Frontier Communications Parent by 7,980.6% during the 1st quarter. Whipplewood Advisors LLC now owns 2,505 shares of the company's stock valued at $90,000 after purchasing an additional 2,474 shares during the period.

Frontier Communications Parent Trading Up 0.3%

Shares of NASDAQ FYBR traded up $0.11 during midday trading on Friday, reaching $36.78. The stock had a trading volume of 2,238,769 shares, compared to its average volume of 3,026,976. Frontier Communications Parent, Inc. has a twelve month low of $24.43 and a twelve month 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 50 day moving average price is $36.44 and its 200 day moving average price is $35.96. The firm has a market cap of $9.20 billion, a price-to-earnings ratio of -23.73 and a beta of 0.95.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last released its quarterly earnings data 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 net margin of 6.47% and a negative return on equity of 7.73%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.51 billion. Frontier Communications Parent's revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, sell-side analysts expect 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.