Frontier Communications Parent, Inc. (NASDAQ:FYBR) Shares Sold by Cooper Investors PTY Ltd.

Cooper Investors PTY Ltd. cut its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 1.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 893,409 shares of the company's stock after selling 12,058 shares during the period. Frontier Communications Parent comprises about 5.2% of Cooper Investors PTY Ltd.'s holdings, making the stock its 4th biggest holding. Cooper Investors PTY Ltd. owned 0.36% of Frontier Communications Parent worth $32,038,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Parallel Advisors LLC increased its position 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 purchasing an additional 1,533 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Frontier Communications Parent during the 4th quarter worth $76,000. UMB Bank n.a. grew 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 buying an additional 1,196 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Frontier Communications Parent by 15.4% during the first quarter. Fifth Third Bancorp now owns 2,424 shares of the company's stock worth $87,000 after buying an additional 323 shares in the last quarter. Finally, Whipplewood Advisors LLC raised its position in shares of Frontier Communications Parent by 7,980.6% in the first quarter. Whipplewood Advisors LLC now owns 2,505 shares of the company's stock valued at $90,000 after buying an additional 2,474 shares during the last quarter.

Frontier Communications Parent Price Performance

Shares of NASDAQ:FYBR traded down $0.02 during midday trading on Friday, hitting $36.30. The company's stock had a trading volume of 3,281,472 shares, compared to its average volume of 3,003,809. The company has a market cap of $9.08 billion, a P/E ratio of -23.42 and a beta of 0.97. Frontier Communications Parent, Inc. has a 12-month low of $24.43 and a 12-month high of $39.21. The business's 50 day simple moving average is $36.38 and its 200 day simple moving average is $35.84. 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 (NASDAQ:FYBR - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported ($0.26) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.07. The business had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.51 billion. Frontier Communications Parent had a negative return on equity of 7.73% and a negative net margin of 6.47%. The firm's quarterly revenue was up 3.5% on a year-over-year basis. On average, analysts forecast that Frontier Communications Parent, Inc. will post -1.11 EPS for the current 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.