Amundi Has $15.57 Million Position in Frontier Communications Parent, Inc. $FYBR

Amundi cut its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 41.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 433,222 shares of the company's stock after selling 312,887 shares during the quarter. Amundi owned approximately 0.17% of Frontier Communications Parent worth $15,570,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in Frontier Communications Parent by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 24,354,812 shares of the company's stock valued at $873,364,000 after buying an additional 77,795 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its stake in Frontier Communications Parent by 39.0% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 4,378,238 shares of the company's stock valued at $157,004,000 after buying an additional 1,228,524 shares during the last quarter. Magnetar Financial LLC grew its stake in Frontier Communications Parent by 19.7% in the 1st quarter. Magnetar Financial LLC now owns 2,169,931 shares of the company's stock valued at $77,814,000 after buying an additional 356,488 shares during the last quarter. Northern Trust Corp grew its stake in Frontier Communications Parent by 1.9% in the 1st quarter. Northern Trust Corp now owns 2,118,814 shares of the company's stock valued at $75,981,000 after buying an additional 39,872 shares during the last quarter. Finally, Alpine Associates Management Inc. grew its stake in Frontier Communications Parent by 53.9% in the 1st quarter. Alpine Associates Management Inc. now owns 1,604,844 shares of the company's stock valued at $57,550,000 after buying an additional 562,214 shares during the last quarter.

Frontier Communications Parent Stock Performance

FYBR stock traded up $0.04 on Friday, reaching $37.53. 2,827,463 shares of the company were exchanged, compared to its average volume of 3,183,210. Frontier Communications Parent, Inc. has a 12 month low of $33.72 and a 12 month high of $37.56. The stock's fifty day moving average price is $36.90 and its 200 day moving average price is $36.42. The firm has a market capitalization of $9.39 billion, a PE ratio of -24.21 and a beta of 0.95. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.36 and a quick ratio of 0.36.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.31) by ($0.18). Frontier Communications Parent had a negative return on equity of 7.88% and a negative net margin of 6.40%.The company 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 firm posted ($0.49) EPS. The company's revenue was up 4.0% compared to the same quarter last year. On average, research analysts anticipate that Frontier Communications Parent, Inc. will post -1.11 EPS for the current fiscal 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.