Algert Global LLC Increases Stake in Frontier Communications Parent, Inc. $FYBR

Key Points

• Algert Global LLC increased its stake in Frontier Communications Parent, Inc. by 11.1%, owning approximately 0.06% of the company after acquiring an additional 14,060 shares.
• Frontier Communications posted quarterly earnings of ($0.49) per share, missing estimates, but reported a revenue of $1.54 billion, which was slightly above expectations.
• The company has a market capitalization of $9.29 billion, with shares opening at $37.13 and a 52-week range of $27.67 to $39.21.

Algert Global LLC increased its holdings in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 11.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,201 shares of the company's stock after acquiring an additional 14,060 shares during the period. Algert Global LLC owned approximately 0.06% of Frontier Communications Parent worth $5,063,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Mariner LLC increased its position in shares of Frontier Communications Parent by 0.8% during the fourth quarter. Mariner LLC now owns 37,731 shares of the company's stock valued at $1,309,000 after acquiring an additional 301 shares in the last quarter. Jag Capital Management LLC increased its position in shares of Frontier Communications Parent by 3.9% during the first quarter. Jag Capital Management LLC now owns 8,320 shares of the company's stock valued at $298,000 after acquiring an additional 311 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Frontier Communications Parent by 15.4% during the first quarter. Fifth Third Bancorp now owns 2,424 shares of the company's stock valued at $87,000 after acquiring an additional 323 shares in the last quarter. Xponance Inc. increased its position in shares of Frontier Communications Parent by 1.3% during the first quarter. Xponance Inc. now owns 26,712 shares of the company's stock valued at $958,000 after acquiring an additional 333 shares in the last quarter. Finally, Vident Advisory LLC increased its position in shares of Frontier Communications Parent by 3.8% during the fourth quarter. Vident Advisory LLC now owns 10,726 shares of the company's stock valued at $372,000 after acquiring an additional 390 shares in the last quarter.

Frontier Communications Parent Stock Down 0.2%

Shares of FYBR traded down $0.06 on Thursday, hitting $36.89. 2,288,296 shares of the stock traded hands, compared to its average volume of 3,127,842. The company has a market capitalization of $9.23 billion, a PE ratio of -23.80 and a beta of 0.95. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.36 and a current ratio of 0.36. The business has a 50 day simple moving average of $36.63 and a 200 day simple moving average of $36.27. Frontier Communications Parent, Inc. has a one year low of $27.67 and a one year high of $39.21.

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