Cooper Investors PTY Ltd. Sells 645,464 Shares of Frontier Communications Parent, Inc. $FYBR

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. lessened its holdings in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 72.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 247,945 shares of the company's stock after selling 645,464 shares during the period. Frontier Communications Parent accounts for approximately 1.6% of Cooper Investors PTY Ltd.'s holdings, making the stock its 25th biggest position. Cooper Investors PTY Ltd. owned 0.10% of Frontier Communications Parent worth $9,025,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of FYBR. Wealth Enhancement Advisory Services LLC raised its position in shares of Frontier Communications Parent by 23.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,302 shares of the company's stock worth $334,000 after purchasing an additional 1,755 shares during the last quarter. CSS LLC IL purchased a new position in shares of Frontier Communications Parent in the 4th quarter worth about $392,000. Vanguard Group Inc. raised its position in shares of Frontier Communications Parent by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 24,354,812 shares of the company's stock worth $873,364,000 after purchasing an additional 77,795 shares during the last quarter. Tabor Asset Management LP purchased a new position in shares of Frontier Communications Parent in the 1st quarter worth about $2,069,000. Finally, AQR Capital Management LLC raised its position in shares of Frontier Communications Parent by 274.3% in the 1st quarter. AQR Capital Management LLC now owns 144,982 shares of the company's stock worth $5,199,000 after purchasing an additional 106,245 shares during the last quarter.

Frontier Communications Parent Stock Up 0.2%

Shares of FYBR traded up $0.07 during trading hours on Tuesday, hitting $37.33. The company had a trading volume of 401,693 shares, compared to its average volume of 2,991,313. The firm has a fifty day moving average price of $36.99 and a 200-day moving average price of $36.49. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.36 and a current ratio of 0.36. The stock has a market capitalization of $9.34 billion, a price-to-earnings ratio of -24.08 and a beta of 0.95. Frontier Communications Parent, Inc. has a 52-week low of $33.72 and a 52-week high of $37.81.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported ($0.49) 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 business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the business posted ($0.49) earnings per share. Frontier Communications Parent's quarterly revenue was up 4.0% compared to the same quarter last year. On average, equities research analysts forecast that Frontier Communications Parent, Inc. will post -1.11 EPS for the current fiscal 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.