Frontier Communications Parent, Inc. (NASDAQ:FYBR) Stake Lifted by CIBRA Capital Ltd

CIBRA Capital Ltd grew its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 68.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 585,037 shares of the company's stock after purchasing an additional 238,600 shares during the quarter. Frontier Communications Parent makes up 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 quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of FYBR. 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 in the last quarter. 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. grew its position 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 buying an additional 1,196 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Frontier Communications Parent by 15.4% in the 1st quarter. Fifth Third Bancorp now owns 2,424 shares of the company's stock valued at $87,000 after buying an additional 323 shares during the last quarter. Finally, Whipplewood Advisors LLC grew its position in shares of Frontier Communications Parent by 7,980.6% in the 1st quarter. Whipplewood Advisors LLC now owns 2,505 shares of the company's stock valued at $90,000 after buying an additional 2,474 shares during the last quarter.

Frontier Communications Parent Stock Down 0.0%

Shares of NASDAQ FYBR traded down $0.01 during mid-day trading on Friday, reaching $36.50. The company had a trading volume of 768,361 shares, compared to its average volume of 3,022,779. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 2.39. The firm has a 50 day simple moving average of $36.41 and a two-hundred day simple moving average of $35.92. The stock has a market cap of $9.13 billion, a P/E ratio of -23.55 and a beta of 0.95. Frontier Communications Parent, Inc. has a 52-week low of $24.43 and a 52-week high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported ($0.26) EPS for the quarter, beating analysts' consensus estimates of ($0.33) by $0.07. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.51 billion. Frontier Communications Parent had a negative net margin of 6.47% and a negative return on equity of 7.73%. The firm's revenue for the quarter was up 3.5% compared to the same quarter last year. Sell-side analysts predict that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current year.

Frontier Communications Parent Company 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.