313,000 Shares in Frontier Communications Parent, Inc. $FYBR Purchased by Caxton Associates LLP

Key Points

• Caxton Associates LLP has invested approximately $11.22 million in Frontier Communications Parent, representing about 0.4% of its portfolio and making it the 29th largest position for the firm.
• Other institutional investors, including Parallel Advisors LLC and Brooklyn Investment Group, significantly increased their stakes in Frontier Communications Parent during the first quarter, indicating growing interest in the company.
• Frontier Communications reported a revenue increase of 4.0% year-over-year to $1.54 billion, though it posted a loss of ($0.49) earnings per share for the quarter, missing analyst estimates.

Caxton Associates LLP purchased a new stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 313,000 shares of the company's stock, valued at approximately $11,224,000. Frontier Communications Parent accounts for about 0.4% of Caxton Associates LLP's portfolio, making the stock its 29th biggest holding. Caxton Associates LLP owned about 0.13% of Frontier Communications Parent at the end of the most recent quarter.

Several other large investors have also made changes to their positions in FYBR. Jag Capital Management LLC increased its holdings in Frontier Communications Parent by 3.9% in the first quarter. Jag Capital Management LLC now owns 8,320 shares of the company's stock valued at $298,000 after purchasing an additional 311 shares during the last quarter. Fifth Third Bancorp increased its holdings in Frontier Communications Parent by 15.4% in the first 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 last quarter. Xponance Inc. increased its holdings in Frontier Communications Parent by 1.3% in the first quarter. Xponance Inc. now owns 26,712 shares of the company's stock valued at $958,000 after purchasing an additional 333 shares during the last quarter. Brooklyn Investment Group increased 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 valued at $41,000 after purchasing an additional 359 shares during the last quarter. Finally, Vident Advisory LLC increased its holdings in Frontier Communications Parent by 3.8% in the fourth quarter. Vident Advisory LLC now owns 10,726 shares of the company's stock valued at $372,000 after purchasing an additional 390 shares during the last quarter.

Frontier Communications Parent Trading Up 0.1%

NASDAQ FYBR traded up $0.04 on Friday, reaching $37.53. The company had a trading volume of 2,827,463 shares, compared to its average volume of 3,183,210. The stock's 50 day moving average is $36.90 and its 200-day moving average is $36.42. The stock has a market cap of $9.39 billion, a price-to-earnings ratio of -24.21 and a beta of 0.95. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 2.49. Frontier Communications Parent, Inc. has a 52 week low of $33.72 and a 52 week high of $37.56.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last released 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 net margin of 6.40% and a negative return on equity of 7.88%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the company posted ($0.49) EPS. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. Equities analysts predict that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current 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.