Frontier Communications Parent, Inc. (NASDAQ:FYBR) Shares Purchased by CIBRA Capital Ltd

CIBRA Capital Ltd lifted its position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 68.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 585,037 shares of the company's stock after acquiring an additional 238,600 shares during the quarter. Frontier Communications Parent makes up about 7.2% of CIBRA Capital Ltd's investment portfolio, making the stock its 6th largest position. CIBRA Capital Ltd owned approximately 0.23% of Frontier Communications Parent worth $20,979,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Frontier Communications Parent by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 24,277,017 shares of the company's stock valued at $842,412,000 after acquiring an additional 303,545 shares during the period. Norges Bank bought a new stake in shares of Frontier Communications Parent in the 4th quarter valued at $191,247,000. Tudor Investment Corp ET AL acquired a new position in shares of Frontier Communications Parent in the 4th quarter valued at approximately $114,555,000. Adage Capital Partners GP L.L.C. increased its holdings in Frontier Communications Parent by 472.7% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 3,149,714 shares of the company's stock worth $109,295,000 after purchasing an additional 2,599,714 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Frontier Communications Parent by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,323,203 shares of the company's stock valued at $80,615,000 after buying an additional 12,251 shares during the last quarter.

Frontier Communications Parent Stock Performance

Shares of FYBR stock traded up $0.06 on Wednesday, reaching $36.50. The stock had a trading volume of 2,242,625 shares, compared to its average volume of 3,014,091. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 2.39. Frontier Communications Parent, Inc. has a 12 month low of $24.43 and a 12 month high of $39.21. The firm's 50-day moving average is $36.40 and its two-hundred day moving average is $35.88. The firm has a market capitalization of $9.13 billion, a price-to-earnings ratio of -23.55 and a beta of 0.95.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported ($0.26) earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.07. Frontier Communications Parent had a negative net margin of 6.47% and a negative return on equity of 7.73%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.51 billion. The firm's revenue was up 3.5% compared to the same quarter last year. 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.