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

DekaBank Deutsche Girozentrale lifted its stake 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 & Exchange Commission. The institutional investor owned 105,000 shares of the company's stock after purchasing an additional 12,500 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Frontier Communications Parent were worth $3,765,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in FYBR. Parallel Advisors LLC boosted 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 worth $70,000 after acquiring an additional 1,533 shares in the last quarter. Lazard Asset Management LLC purchased a new position in shares of Frontier Communications Parent in the 4th quarter worth about $76,000. UMB Bank n.a. boosted its stake in Frontier Communications Parent by 113.9% in the 1st quarter. UMB Bank n.a. now owns 2,246 shares of the company's stock worth $81,000 after purchasing an additional 1,196 shares in the last quarter. Fifth Third Bancorp grew 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 last quarter. Finally, Whipplewood Advisors LLC increased its stake 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 in the last quarter.

Frontier Communications Parent Stock Up 0.2%

Frontier Communications Parent stock traded up $0.06 during trading hours on Wednesday, hitting $36.81. The stock had a trading volume of 1,656,593 shares, compared to its average volume of 2,915,737. The stock's 50-day moving average price is $36.45 and its 200-day moving average price is $36.01. Frontier Communications Parent, Inc. has a 12-month low of $24.43 and a 12-month high of $39.21. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 2.39. The stock has a market capitalization of $9.21 billion, a P/E ratio of -23.75 and a beta of 0.95.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported ($0.26) earnings per share for the quarter, topping 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 company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.51 billion. Frontier Communications Parent's revenue was up 3.5% on a year-over-year basis. Equities research analysts anticipate 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.