GSA Capital Partners LLP Boosts Holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Key Points

• GSA Capital Partners LLP increased its stake in Frontier Communications by 391.3% in Q1, making it the firm's 9th largest position.
• Frontier Communications reported a quarterly revenue of $1.51 billion and exceeded EPS estimates, although it recorded a negative return on equity of -7.73%.
• The stock of Frontier Communications has seen a slight decline of 0.2% and is currently trading around $36.60 with a market capitalization of $9.16 billion.

GSA Capital Partners LLP boosted its position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 391.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 86,807 shares of the company's stock after purchasing an additional 69,137 shares during the period. Frontier Communications Parent accounts for 0.3% of GSA Capital Partners LLP's investment portfolio, making the stock its 9th biggest holding. GSA Capital Partners LLP's holdings in Frontier Communications Parent were worth $3,113,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its stake in shares of Frontier Communications Parent by 360.7% during the 1st quarter. Parallel Advisors LLC now owns 1,958 shares of the company's stock valued at $70,000 after buying an additional 1,533 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of Frontier Communications Parent in the 4th quarter valued at $76,000. UMB Bank n.a. lifted its stake 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 last quarter. Fifth Third Bancorp lifted its position in Frontier Communications Parent by 15.4% during the 1st quarter. Fifth Third Bancorp now owns 2,424 shares of the company's stock worth $87,000 after acquiring an additional 323 shares during the last quarter. Finally, Whipplewood Advisors LLC lifted its position in Frontier Communications Parent by 7,980.6% during the 1st quarter. Whipplewood Advisors LLC now owns 2,505 shares of the company's stock worth $90,000 after acquiring an additional 2,474 shares during the last quarter.

Frontier Communications Parent Stock Performance

Frontier Communications Parent stock traded down $0.15 on Friday, reaching $36.60. 1,816,689 shares of the stock were exchanged, compared to its average volume of 2,936,524. The stock has a market cap of $9.16 billion, a PE ratio of -23.61 and a beta of 0.95. The company has a current ratio of 0.36, a quick ratio of 0.42 and a debt-to-equity ratio of 2.49. Frontier Communications Parent, Inc. has a twelve month low of $24.43 and a twelve month high of $39.21. The firm has a fifty day moving average price of $36.49 and a two-hundred day moving average price of $36.15.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported ($0.49) earnings per share for the quarter, missing analysts' consensus estimates of ($0.31) by ($0.18). The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. Frontier Communications Parent had a negative return on equity of 7.88% and a negative net margin of 6.40%. The firm's revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.49) EPS. Sell-side analysts anticipate 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.