Frontier Communications Parent, Inc. $FYBR Stock Holdings Raised by Quarry LP

Key Points

• Quarry LP significantly increased its stake in Frontier Communications Parent by 7,131.3% during the 1st quarter, acquiring a total of 144,193 shares now valued at approximately $5.17 million.
• Frontier Communications reported a loss of ($0.49) earnings per share in its latest earnings announcement, missing estimates, but experienced a 4.0% revenue growth year-over-year.
• The company has a debt-to-equity ratio of 2.49 and a market capitalization of $9.28 billion, with a stock price currently around $37.08.

Quarry LP boosted its holdings in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 7,131.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 144,193 shares of the company's stock after purchasing an additional 142,199 shares during the quarter. Frontier Communications Parent makes up approximately 1.1% of Quarry LP's holdings, making the stock its 10th largest holding. Quarry LP owned about 0.06% of Frontier Communications Parent worth $5,171,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vazirani Asset Management LLC purchased a new stake in Frontier Communications Parent during the 1st quarter worth approximately $3,064,000. Vident Advisory LLC grew its stake in Frontier Communications Parent by 3.9% during the 1st quarter. Vident Advisory LLC now owns 11,147 shares of the company's stock worth $400,000 after buying an additional 421 shares during the last quarter. Magnetar Financial LLC boosted its position in Frontier Communications Parent by 19.7% during the 1st quarter. Magnetar Financial LLC now owns 2,169,931 shares of the company's stock worth $77,814,000 after acquiring an additional 356,488 shares during the period. Huber Capital Management LLC boosted its position in Frontier Communications Parent by 771.5% during the 1st quarter. Huber Capital Management LLC now owns 156,000 shares of the company's stock worth $5,594,000 after acquiring an additional 138,100 shares during the period. Finally, Eisler Capital Management Ltd. acquired a new position in Frontier Communications Parent during the 1st quarter worth $6,459,000.

Frontier Communications Parent Trading Down 0.1%

Shares of FYBR stock opened at $37.08 on Friday. 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 firm has a market capitalization of $9.28 billion, a PE ratio of -23.92 and a beta of 0.95. The stock has a fifty day moving average of $36.73 and a two-hundred day moving average of $36.32. Frontier Communications Parent, Inc. has a 1 year low of $27.95 and a 1 year high of $39.21.

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

Frontier Communications Parent 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.

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