Frontier Communications Parent, Inc. $FYBR Shares Sold by Cooper Investors PTY Ltd.

Key Points

• Cooper Investors PTY Ltd. reduced its holdings in Frontier Communications Parent by 72.2%, now owning 0.10% of the company valued at approximately $9.025 million.
• Frontier Communications reported a loss of ($0.49) EPS for the quarter, missing analysts' forecasts, despite a revenue increase of 4.0% year-over-year.
• The company's stock has a market cap of $9.34 billion, with a current price of $37.33 per share, showing a 12-month trading range between $33.72 and $37.81.

Cooper Investors PTY Ltd. decreased its holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 72.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 247,945 shares of the company's stock after selling 645,464 shares during the quarter. Frontier Communications Parent makes up approximately 1.6% of Cooper Investors PTY Ltd.'s holdings, making the stock its 25th largest holding. Cooper Investors PTY Ltd. owned 0.10% of Frontier Communications Parent worth $9,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of FYBR. Pentwater Capital Management LP purchased a new stake in Frontier Communications Parent in the first quarter valued at approximately $161,370,000. Millennium Management LLC boosted its holdings in shares of Frontier Communications Parent by 56.2% in the 1st quarter. Millennium Management LLC now owns 4,487,109 shares of the company's stock valued at $160,908,000 after purchasing an additional 1,615,356 shares during the last quarter. Readystate Asset Management LP acquired a new position in shares of Frontier Communications Parent in the 1st quarter valued at $50,082,000. Goldman Sachs Group Inc. grew its stake in shares of Frontier Communications Parent by 129.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,336,646 shares of the company's stock valued at $83,792,000 after buying an additional 1,316,597 shares during the period. Finally, Adage Capital Partners GP L.L.C. increased its holdings in shares of Frontier Communications Parent by 39.0% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 4,378,238 shares of the company's stock worth $157,004,000 after buying an additional 1,228,524 shares during the last quarter.

Frontier Communications Parent Price Performance

FYBR stock opened at $37.33 on Friday. The company has a market cap of $9.34 billion, a PE ratio of -24.08 and a beta of 0.95. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 2.49. The stock has a 50-day moving average price of $36.97 and a two-hundred day moving average price of $36.46. Frontier Communications Parent, Inc. has a 12-month low of $33.72 and a 12-month high of $37.81.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported ($0.49) EPS for the quarter, missing analysts' consensus estimates of ($0.31) by ($0.18). The business had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.52 billion. Frontier Communications Parent had a negative net margin of 6.40% and a negative return on equity of 7.88%. The business's revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.49) EPS. As a group, research analysts predict 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.