Citigroup Inc. Grows Position in Frontier Communications Parent, Inc. $FYBR

Key Points

• Citigroup Inc. has increased its ownership of Frontier Communications Parent, Inc. by 53.2%, acquiring 119,834 shares and bringing its total stake to 345,066 shares valued at approximately $12.37 million.
• Other prominent investors, including Parallel Advisors LLC and Whipplewood Advisors LLC, have significantly boosted their investments in Frontier Communications, with Whipplewood Advisors increasing its stake by an extraordinary 7,980.6%.
• Frontier Communications reported a net loss of ($0.49) EPS in its latest quarterly earnings, missing estimates, although it achieved a 4% year-over-year increase in revenue to $1.54 billion.

Citigroup Inc. boosted its holdings in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 53.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 345,066 shares of the company's stock after acquiring an additional 119,834 shares during the period. Citigroup Inc. owned 0.14% of Frontier Communications Parent worth $12,374,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Mariner LLC increased its stake in Frontier Communications Parent by 0.8% during the 4th quarter. Mariner LLC now owns 37,731 shares of the company's stock valued at $1,309,000 after purchasing an additional 301 shares in the last quarter. Jag Capital Management LLC increased its stake in Frontier Communications Parent by 3.9% during the 1st 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 in the last quarter. Fifth Third Bancorp increased its stake 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 in the last quarter. Xponance Inc. increased its stake in Frontier Communications Parent by 1.3% during the 1st quarter. Xponance Inc. now owns 26,712 shares of the company's stock valued at $958,000 after purchasing an additional 333 shares in the last quarter. Finally, Vident Advisory LLC increased its stake in Frontier Communications Parent by 3.8% during the 4th quarter. Vident Advisory LLC now owns 10,726 shares of the company's stock valued at $372,000 after purchasing an additional 390 shares in the last quarter.

Frontier Communications Parent Stock Down 0.1%

NASDAQ:FYBR traded down $0.0350 on Tuesday, reaching $37.0950. 1,032,695 shares of the stock traded hands, compared to its average volume of 2,919,582. The company has a market capitalization of $9.29 billion, a price-to-earnings ratio of -23.93 and a beta of 0.95. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 2.49. Frontier Communications Parent, Inc. has a 12 month low of $27.67 and a 12 month high of $39.21. The company's fifty day simple moving average is $36.58 and its 200 day simple moving average is $36.25.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported ($0.49) EPS for the quarter, missing analysts' consensus estimates of ($0.31) by ($0.18). The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. Frontier Communications Parent had a negative return on equity of 7.88% and a negative net margin of 6.40%.The business's revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.49) earnings per share. Equities analysts predict 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.