Bank of New York Mellon Corp Has $56.97 Million Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Bank of New York Mellon Corp lowered its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 2.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,588,544 shares of the company's stock after selling 47,312 shares during the quarter. Bank of New York Mellon Corp owned 0.63% of Frontier Communications Parent worth $56,965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC increased its stake in shares of Frontier Communications Parent by 360.7% in the first quarter. Parallel Advisors LLC now owns 1,958 shares of the company's stock valued at $70,000 after buying an additional 1,533 shares during the period. Lazard Asset Management LLC acquired a new position in shares of Frontier Communications Parent in the fourth quarter valued at approximately $76,000. UMB Bank n.a. increased its stake in shares of Frontier Communications Parent by 113.9% in the first quarter. UMB Bank n.a. now owns 2,246 shares of the company's stock valued at $81,000 after buying an additional 1,196 shares during the period. Fifth Third Bancorp increased its position in Frontier Communications Parent by 15.4% during the 1st quarter. Fifth Third Bancorp now owns 2,424 shares of the company's stock valued at $87,000 after purchasing an additional 323 shares during the period. Finally, Whipplewood Advisors LLC increased its position in Frontier Communications Parent by 7,980.6% during the 1st quarter. Whipplewood Advisors LLC now owns 2,505 shares of the company's stock valued at $90,000 after purchasing an additional 2,474 shares during the period.

Frontier Communications Parent Stock Performance

NASDAQ:FYBR opened at $36.78 on Friday. The company has a market capitalization of $9.20 billion, a PE ratio of -23.73 and a beta of 0.95. The company has a 50 day simple moving average of $36.44 and a two-hundred day simple moving average of $35.98. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.42 and a current ratio of 0.42. Frontier Communications Parent, Inc. has a fifty-two week low of $24.43 and a fifty-two week high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported ($0.26) earnings per share for the quarter, beating analysts' consensus estimates of ($0.33) by $0.07. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. Frontier Communications Parent had a negative net margin of 6.47% and a negative return on equity of 7.73%. The business's quarterly revenue was up 3.5% compared to the same quarter last year. Research analysts anticipate that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current 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.

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