Frontier Communications Parent, Inc. (NASDAQ:FYBR) Shares Purchased by Swiss National Bank

Key Points

• Swiss National Bank increased its holdings in Frontier Communications Parent by 4.7%, owning 410,100 shares worth approximately $14.7 million as of its latest SEC filing.
• Frontier Communications reported a loss of $0.49 EPS in its recent quarterly earnings, missing expectations and showing a negative net margin of 6.40% but achieving a 4% revenue increase year-over-year.
• The stock price of Frontier Communications, trading at $37.08, has shown a yearly fluctuation between a low of $27.60 and a high of $39.21, with a market capitalization of $9.28 billion.

Swiss National Bank lifted its holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 4.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 410,100 shares of the company's stock after acquiring an additional 18,300 shares during the quarter. Swiss National Bank owned 0.16% of Frontier Communications Parent worth $14,706,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Parallel Advisors LLC increased its stake in shares of Frontier Communications Parent by 360.7% in the first quarter. Parallel Advisors LLC now owns 1,958 shares of the company's stock worth $70,000 after acquiring an additional 1,533 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of Frontier Communications Parent in the fourth quarter worth $76,000. UMB Bank n.a. increased its stake in shares of Frontier Communications Parent by 113.9% in the first quarter. UMB Bank n.a. now owns 2,246 shares of the company's stock worth $81,000 after acquiring an additional 1,196 shares during the period. Fifth Third Bancorp increased its stake in shares of Frontier Communications Parent by 15.4% in the first 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 period. Finally, Whipplewood Advisors LLC increased its stake in shares of Frontier Communications Parent by 7,980.6% in the first 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 period.

Frontier Communications Parent Stock Up 0.3%

FYBR stock opened at $37.08 on Thursday. The firm has a market cap of $9.28 billion, a PE ratio of -23.92 and a beta of 0.95. 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's fifty day moving average is $36.53 and its 200 day moving average is $36.22. Frontier Communications Parent, Inc. has a one year low of $27.60 and a one year high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported ($0.49) EPS for the quarter, missing the consensus estimate 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 net margin of 6.40% and a negative return on equity of 7.88%. The firm's quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.49) EPS. On average, research analysts forecast 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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