DLD Asset Management LP Sells 106,252 Shares of Frontier Communications Parent, Inc. $FYBR

Key Points

• DLD Asset Management LP reduced its holdings in Frontier Communications Parent by 71.1%, selling 106,252 shares, and now owns 43,185 shares valued at approximately $1.55 million.
• The company's latest quarterly earnings report showed a loss of ($0.49) EPS, missing analyst expectations, although revenues were slightly higher than forecast at $1.54 billion.
• Frontier Communications has a current stock price of $37.09 and maintains a market capitalization of $9.28 billion, along with a high debt-to-equity ratio of 2.49.

DLD Asset Management LP trimmed its holdings in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 71.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,185 shares of the company's stock after selling 106,252 shares during the period. DLD Asset Management LP's holdings in Frontier Communications Parent were worth $1,549,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Brooklyn Investment Group boosted its stake in shares of Frontier Communications Parent by 46.1% during the 1st quarter. Brooklyn Investment Group now owns 1,137 shares of the company's stock worth $41,000 after buying an additional 359 shares during the last quarter. Parallel Advisors LLC raised its holdings 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 valued at $70,000 after purchasing an additional 1,533 shares during the period. Longfellow Investment Management Co. LLC bought a new stake in shares of Frontier Communications Parent in the 1st quarter valued at about $74,000. Lazard Asset Management LLC bought a new stake in shares of Frontier Communications Parent in the 4th quarter valued at about $76,000. Finally, UMB Bank n.a. raised its holdings in shares of Frontier Communications Parent by 113.9% in the 1st 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

Shares of FYBR stock traded up $0.05 on Friday, reaching $36.94. The stock had a trading volume of 2,003,399 shares, compared to its average volume of 2,848,067. 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 firm's 50-day moving average is $36.65 and its two-hundred day moving average is $36.28. The firm has a market capitalization of $9.25 billion, a price-to-earnings ratio of -23.83 and a beta of 0.95. Frontier Communications Parent, Inc. has a 12 month low of $27.88 and a 12 month high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.31) by ($0.18). The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate 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 firm's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.49) earnings per share. On average, research analysts expect 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.