APG Asset Management N.V. Has $3.71 Million Stock Position in Frontier Communications Parent, Inc. $FYBR

Key Points

• APG Asset Management N.V. reduced its stake in Frontier Communications Parent, Inc. by 19.3%, now holding shares valued at $3.71 million following the sale of 26,723 shares.
• Frontier Communications Parent reported a quarterly EPS of ($0.49), missing analysts’ expectations of ($0.31) while experiencing a 4.0% revenue increase year-over-year.
• Institutional investors like Brooklyn Investment Group and Parallel Advisors LLC made significant acquisitions, increasing their holdings in Frontier Communications by 46.1% and 360.7% respectively.

APG Asset Management N.V. reduced its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 19.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 111,847 shares of the company's stock after selling 26,723 shares during the quarter. APG Asset Management N.V.'s holdings in Frontier Communications Parent were worth $3,713,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Frontier Communications Parent by 23.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,302 shares of the company's stock worth $334,000 after purchasing an additional 1,755 shares in the last quarter. CSS LLC IL acquired a new position in Frontier Communications Parent during the fourth quarter valued at approximately $392,000. Vanguard Group Inc. raised its position in Frontier Communications Parent by 0.3% during the first quarter. Vanguard Group Inc. now owns 24,354,812 shares of the company's stock valued at $873,364,000 after purchasing an additional 77,795 shares in the last quarter. Tabor Asset Management LP acquired a new position in Frontier Communications Parent during the first quarter valued at approximately $2,069,000. Finally, Hudson Bay Capital Management LP raised its position in Frontier Communications Parent by 60.6% during the fourth quarter. Hudson Bay Capital Management LP now owns 532,999 shares of the company's stock valued at $18,495,000 after purchasing an additional 201,047 shares in the last quarter.

Frontier Communications Parent Price Performance

FYBR traded down $0.05 during trading on Monday, hitting $37.08. 2,604,098 shares of the stock traded hands, compared to its average volume of 2,609,819. Frontier Communications Parent, Inc. has a twelve month low of $27.95 and a twelve month high of $39.21. The company has a market cap of $9.28 billion, a price-to-earnings ratio of -23.92 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. The business has a 50 day moving average price of $36.75 and a 200 day moving average price of $36.34.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported ($0.49) EPS 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 analyst estimates of $1.52 billion. During the same quarter in the prior year, the firm earned ($0.49) earnings per share. The firm's revenue for the quarter was up 4.0% on a year-over-year basis. Equities research 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.