Eisler Capital Management Ltd. Purchases Shares of 180,123 Frontier Communications Parent, Inc. $FYBR

Key Points

• Eisler Capital Management Ltd. has acquired a new position in Frontier Communications Parent, purchasing 180,123 shares valued at approximately $6.46 million, representing 0.07% ownership.
• Frontier Communications reported a loss of $0.49 per share for the most recent quarter, which was below analysts' expectations, although its revenue was up by 4% year-over-year at $1.54 billion.
• The company's debt-to-equity ratio stands at 2.49, indicating higher leverage, while its shares are currently trading at approximately $36.92.

Eisler Capital Management Ltd. acquired a new stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 180,123 shares of the company's stock, valued at approximately $6,459,000. Eisler Capital Management Ltd. owned approximately 0.07% of Frontier Communications Parent as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of FYBR. Brooklyn Investment Group lifted its stake in shares of Frontier Communications Parent by 46.1% in the first quarter. Brooklyn Investment Group now owns 1,137 shares of the company's stock worth $41,000 after buying an additional 359 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of 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 buying an additional 1,533 shares in the last quarter. Longfellow Investment Management Co. LLC purchased a new position in shares of Frontier Communications Parent in the first quarter worth about $74,000. Lazard Asset Management LLC purchased a new position in shares of Frontier Communications Parent in the fourth quarter worth about $76,000. Finally, UMB Bank n.a. lifted its stake in shares of Frontier Communications Parent by 113.9% in 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.

Frontier Communications Parent Trading Down 0.1%

Frontier Communications Parent stock traded down $0.05 during midday trading on Friday, hitting $37.08. 2,604,098 shares of the stock were exchanged, compared to its average volume of 2,594,135. Frontier Communications Parent, Inc. has a fifty-two week low of $27.95 and a fifty-two week high of $39.21. The stock has a market capitalization of $9.28 billion, a price-to-earnings ratio of -23.92 and a beta of 0.95. The stock's 50-day simple moving average is $36.73 and its 200 day simple moving average is $36.32. 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 (NASDAQ:FYBR - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.18). Frontier Communications Parent had a negative return on equity of 7.88% and a negative net margin of 6.40%.The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the previous year, the business posted ($0.49) earnings per share. Frontier Communications Parent's revenue for the quarter was up 4.0% on a year-over-year basis. On average, equities analysts anticipate 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.