Frontier Communications Parent, Inc. $FYBR Shares Sold by Moody National Bank Trust Division

Key Points

• Moody National Bank Trust Division significantly reduced its holdings in Frontier Communications Parent, Inc. by 89.5%, selling 47,271 shares during the second quarter.
• The company reported a loss of ($0.49) EPS for the last quarter, missing analyst expectations of ($0.31) EPS, despite a revenue increase of 4.0% year-over-year.
• Frontier Communications shares opened at $37.20 on Monday, with a market capitalization of $9.31 billion and a debt-to-equity ratio of 2.49.

Moody National Bank Trust Division decreased its position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 89.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,562 shares of the company's stock after selling 47,271 shares during the quarter. Moody National Bank Trust Division's holdings in Frontier Communications Parent were worth $202,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Jag Capital Management LLC boosted its position in shares of Frontier Communications Parent by 3.9% during the 1st quarter. Jag Capital Management LLC now owns 8,320 shares of the company's stock valued at $298,000 after acquiring an additional 311 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of Frontier Communications Parent by 15.4% during the 1st quarter. Fifth Third Bancorp now owns 2,424 shares of the company's stock valued at $87,000 after acquiring an additional 323 shares during the last quarter. Xponance Inc. boosted its position in shares of Frontier Communications Parent by 1.3% during the 1st quarter. Xponance Inc. now owns 26,712 shares of the company's stock valued at $958,000 after acquiring an additional 333 shares during the last quarter. Brooklyn Investment Group boosted its position 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 valued at $41,000 after acquiring an additional 359 shares during the last quarter. Finally, Vident Advisory LLC boosted its position in shares of Frontier Communications Parent by 3.8% during the 4th quarter. Vident Advisory LLC now owns 10,726 shares of the company's stock valued at $372,000 after acquiring an additional 390 shares during the last quarter.

Frontier Communications Parent Trading Down 0.3%

NASDAQ FYBR opened at $37.20 on Monday. The firm's 50-day moving average is $36.98 and its two-hundred day moving average is $36.48. Frontier Communications Parent, Inc. has a 12 month low of $33.72 and a 12 month high of $37.81. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.36 and a quick ratio of 0.36. The stock has a market capitalization of $9.31 billion, a P/E ratio of -24.00 and a beta of 0.95.

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 analysts' consensus estimates of ($0.31) by ($0.18). Frontier Communications Parent had a negative net margin of 6.40% and a negative return on equity of 7.88%. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the company earned ($0.49) EPS. The company's quarterly revenue was up 4.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Frontier Communications Parent, Inc. will post -1.11 earnings per share 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.

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