FORA Capital LLC Invests $252,000 in Frontier Communications Parent, Inc. $FYBR

Key Points

• FORA Capital LLC has made a new investment of $252,000 in Frontier Communications Parent, acquiring 7,021 shares during the first quarter.
• Frontier Communications experienced a 0.1% decrease in stock prices, with current trading at $37.08, while reporting a negative earnings per share of ($0.49).
• Several institutional investors, including Jag Capital Management and Fifth Third Bancorp, have increased their stakes in Frontier Communications, with significant growth percentages reported during the same period.

FORA Capital LLC purchased a new position in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 7,021 shares of the company's stock, valued at approximately $252,000.

A number of other large investors also recently modified their holdings of FYBR. Brooklyn Investment Group grew its position in Frontier Communications Parent by 46.1% during 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 position in shares of Frontier Communications Parent by 360.7% in the 1st quarter. Parallel Advisors LLC now owns 1,958 shares of the company's stock worth $70,000 after acquiring an additional 1,533 shares during the period. Longfellow Investment Management Co. LLC acquired a new stake in shares of Frontier Communications Parent during the 1st quarter worth approximately $74,000. Lazard Asset Management LLC bought a new stake in shares of Frontier Communications Parent during the fourth quarter valued at approximately $76,000. Finally, UMB Bank n.a. increased its position 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 valued at $81,000 after purchasing an additional 1,196 shares during the period.

Frontier Communications Parent Stock Performance

FYBR traded up $0.08 during trading on Thursday, reaching $37.15. 1,476,382 shares of the company's stock were exchanged, compared to its average volume of 2,893,993. The company has a market capitalization of $9.30 billion, a P/E ratio of -23.97 and a beta of 0.95. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 2.49. The business has a 50 day moving average price of $36.78 and a 200 day moving average price of $36.35. Frontier Communications Parent, Inc. has a fifty-two week low of $33.72 and a fifty-two week high of $37.23.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.18). The company had revenue of $1.54 billion for 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%.Frontier Communications Parent's quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the business earned ($0.49) EPS. As a group, analysts predict that Frontier Communications Parent, Inc. will post -1.11 earnings per share 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.