Bank of Nova Scotia Has $319,000 Stock Holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Key Points

• Bank of Nova Scotia reduced its holdings in Frontier Communications Parent, Inc. by 86.5%, selling over 56,000 shares and ending the quarter with 8,885 shares valued at $319,000.
• Frontier Communications reported a loss of ($0.49) earnings per share for the last quarter, missing analysts' estimates, despite a 4.0% increase in revenue year-over-year to $1.54 billion.
• As of the latest data, Frontier Communications has a debt-to-equity ratio of 2.49 and is trading near its fifty-day moving average of $36.50.

Bank of Nova Scotia lessened its holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 86.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,885 shares of the company's stock after selling 56,813 shares during the period. Bank of Nova Scotia's holdings in Frontier Communications Parent were worth $319,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in FYBR. Parallel Advisors LLC grew its holdings in 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 buying an additional 1,533 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Frontier Communications Parent during the 4th quarter worth $76,000. UMB Bank n.a. grew its holdings in shares of Frontier Communications Parent by 113.9% during the 1st quarter. UMB Bank n.a. now owns 2,246 shares of the company's stock worth $81,000 after purchasing an additional 1,196 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of 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 purchasing an additional 323 shares in the last quarter. Finally, Whipplewood Advisors LLC grew its holdings in shares of 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 purchasing an additional 2,474 shares in the last quarter.

Frontier Communications Parent Price Performance

Shares of FYBR traded up $0.01 during trading hours on Wednesday, hitting $36.99. 930,655 shares of the company were exchanged, compared to its average volume of 2,914,870. The company has a market cap of $9.26 billion, a price-to-earnings ratio of -23.87 and a beta of 0.95. Frontier Communications Parent, Inc. has a fifty-two week low of $27.60 and a fifty-two week high of $39.21. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 2.49. The firm's fifty day moving average is $36.52 and its 200 day moving average is $36.21.

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 (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.18). The company 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 business's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the company posted ($0.49) earnings per share. On average, equities analysts anticipate that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current fiscal 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.