DekaBank Deutsche Girozentrale Raises Stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

DekaBank Deutsche Girozentrale raised its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 13.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 105,000 shares of the company's stock after purchasing an additional 12,500 shares during the period. DekaBank Deutsche Girozentrale's holdings in Frontier Communications Parent were worth $3,765,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Parallel Advisors LLC increased its holdings in 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 last quarter. Lazard Asset Management LLC acquired a new position in shares of Frontier Communications Parent during the 4th quarter worth about $76,000. UMB Bank n.a. increased its holdings in shares of Frontier Communications Parent by 113.9% in the 1st quarter. UMB Bank n.a. now owns 2,246 shares of the company's stock valued at $81,000 after acquiring an additional 1,196 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Frontier Communications Parent by 15.4% during the 1st quarter. Fifth Third Bancorp now owns 2,424 shares of the company's stock worth $87,000 after acquiring an additional 323 shares in the last quarter. Finally, Whipplewood Advisors LLC lifted its stake in Frontier Communications Parent by 7,980.6% during the first quarter. Whipplewood Advisors LLC now owns 2,505 shares of the company's stock worth $90,000 after purchasing an additional 2,474 shares during the last quarter.

Frontier Communications Parent Stock Performance

Shares of Frontier Communications Parent stock opened at $36.78 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 2.39. Frontier Communications Parent, Inc. has a 52 week low of $24.43 and a 52 week high of $39.21. The firm's 50 day moving average is $36.44 and its two-hundred day moving average is $35.98. The firm has a market capitalization of $9.20 billion, a P/E ratio of -23.73 and a beta of 0.95.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported ($0.26) EPS for the quarter, beating analysts' consensus estimates of ($0.33) by $0.07. Frontier Communications Parent had a negative net margin of 6.47% and a negative return on equity of 7.73%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.51 billion. The firm's revenue for the quarter was up 3.5% compared to the same quarter last year. Research analysts forecast 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.

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