8,390 Shares in Frontier Communications Parent, Inc. (NASDAQ:FYBR) Purchased by Aigen Investment Management LP

Key Points

• Aigen Investment Management LP has purchased a new position in Frontier Communications Parent, acquiring 8,390 shares valued at approximately $301,000 in the first quarter.
• Several large investors, including Parallel Advisors LLC and Whipplewood Advisors LLC, have significantly increased their holdings in Frontier Communications Parent, indicating strong institutional interest.
• Frontier Communications recently reported a loss per share of ($0.49), missing analyst expectations, but its quarterly revenue was up 4.0% year over year at $1.54 billion.

Aigen Investment Management LP acquired a new position in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,390 shares of the company's stock, valued at approximately $301,000.

Several other large investors have also recently made changes to their positions in FYBR. Mariner LLC boosted its holdings in shares of Frontier Communications Parent by 0.8% in the 4th quarter. Mariner LLC now owns 37,731 shares of the company's stock valued at $1,309,000 after buying an additional 301 shares in the last quarter. Jag Capital Management LLC boosted its holdings in shares of Frontier Communications Parent by 3.9% in the 1st quarter. Jag Capital Management LLC now owns 8,320 shares of the company's stock valued at $298,000 after buying an additional 311 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Frontier Communications Parent by 15.4% in the 1st quarter. Fifth Third Bancorp now owns 2,424 shares of the company's stock valued at $87,000 after buying an additional 323 shares in the last quarter. Xponance Inc. boosted its holdings in shares of Frontier Communications Parent by 1.3% in the 1st quarter. Xponance Inc. now owns 26,712 shares of the company's stock valued at $958,000 after buying an additional 333 shares in the last quarter. Finally, Vident Advisory LLC boosted its holdings in shares of Frontier Communications Parent by 3.8% in the 4th quarter. Vident Advisory LLC now owns 10,726 shares of the company's stock valued at $372,000 after buying an additional 390 shares in the last quarter.

Frontier Communications Parent Stock Performance

NASDAQ:FYBR traded up $0.03 during trading hours on Friday, reaching $37.11. 3,101,438 shares of the company's stock were exchanged, compared to its average volume of 3,050,926. The firm has a market capitalization of $9.29 billion, a price-to-earnings ratio of -23.94 and a beta of 0.95. The company has a 50-day moving average of $36.57 and a 200 day moving average of $36.24. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 2.49. Frontier Communications Parent, Inc. has a 1-year low of $27.67 and a 1-year high of $39.21.

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

Frontier Communications Parent 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.