APG Asset Management N.V. Has $3.71 Million Stock Holdings 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. cut its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 19.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 111,847 shares of the company's stock after selling 26,723 shares during the period. APG Asset Management N.V.'s holdings in Frontier Communications Parent were worth $3,713,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Brooklyn Investment Group raised its holdings in Frontier Communications Parent by 46.1% in the first quarter. Brooklyn Investment Group now owns 1,137 shares of the company's stock worth $41,000 after purchasing an additional 359 shares during the period. Parallel Advisors LLC raised its holdings in shares of Frontier Communications Parent by 360.7% during the first quarter. Parallel Advisors LLC now owns 1,958 shares of the company's stock worth $70,000 after acquiring an additional 1,533 shares during the period. Longfellow Investment Management Co. LLC acquired a new stake in shares of Frontier Communications Parent during the first quarter worth $74,000. Lazard Asset Management LLC acquired a new stake in shares of Frontier Communications Parent during the fourth quarter worth $76,000. Finally, UMB Bank n.a. raised its holdings in shares of Frontier Communications Parent by 113.9% during the first quarter. UMB Bank n.a. now owns 2,246 shares of the company's stock worth $81,000 after acquiring an additional 1,196 shares during the period.

Frontier Communications Parent Trading Up 0.0%

Shares of NASDAQ:FYBR opened at $36.92 on Wednesday. Frontier Communications Parent, Inc. has a 12 month low of $27.95 and a 12 month high of $39.21. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 2.49. The company's fifty day simple moving average is $36.68 and its 200 day simple moving average is $36.29. The firm has a market cap of $9.24 billion, a price-to-earnings ratio of -23.82 and a beta of 0.95.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported ($0.49) 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 analyst estimates of $1.52 billion. During the same quarter in the previous year, the business earned ($0.49) earnings per share. The company's revenue was up 4.0% on a year-over-year basis. As a group, research analysts forecast that Frontier Communications Parent, Inc. will post -1.11 EPS for the current fiscal 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.

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