Graham Capital Management L.P. Takes $5.44 Million Position in Frontier Communications Parent, Inc. $FYBR

Key Points

• Graham Capital Management L.P. has acquired 151,760 shares of Frontier Communications Parent, Inc., valued at approximately $5.4 million, marking a new position for the investor.
• Other investors, including Brooklyn Investment Group and Parallel Advisors LLC, have also increased their stakes in Frontier Communications, with Brooklyn's position rising by 46.1% during the first quarter.
• Frontier Communications reported a loss of $0.49 earnings per share in its latest quarterly report, missing estimates while generating revenues of $1.54 billion, a 4% increase year-over-year.

Graham Capital Management L.P. bought a new position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 151,760 shares of the company's stock, valued at approximately $5,442,000. Graham Capital Management L.P. owned approximately 0.06% of Frontier Communications Parent as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Jag Capital Management LLC raised its position in shares of Frontier Communications Parent by 3.9% in the 1st quarter. Jag Capital Management LLC now owns 8,320 shares of the company's stock valued at $298,000 after buying an additional 311 shares in the last quarter. Fifth Third Bancorp increased its stake in Frontier Communications Parent by 15.4% during the 1st quarter. Fifth Third Bancorp now owns 2,424 shares of the company's stock valued at $87,000 after purchasing an additional 323 shares in the last quarter. Xponance Inc. boosted its stake in shares of Frontier Communications Parent by 1.3% in the 1st quarter. Xponance Inc. now owns 26,712 shares of the company's stock worth $958,000 after buying an additional 333 shares during the last quarter. Brooklyn Investment Group boosted its stake in shares of Frontier Communications Parent by 46.1% in the 1st quarter. Brooklyn Investment Group now owns 1,137 shares of the company's stock worth $41,000 after buying an additional 359 shares during the last quarter. Finally, Vident Advisory LLC boosted its stake in shares of Frontier Communications Parent by 3.8% in the 4th quarter. Vident Advisory LLC now owns 10,726 shares of the company's stock worth $372,000 after buying an additional 390 shares during the last quarter.

Frontier Communications Parent Stock Performance

Shares of NASDAQ FYBR traded down $0.01 during midday trading on Wednesday, reaching $37.07. The company's stock had a trading volume of 3,024,018 shares, compared to its average volume of 2,519,086. Frontier Communications Parent, Inc. has a 12-month low of $28.07 and a 12-month high of $39.21. The firm has a 50 day moving average price of $36.78 and a 200-day moving average price of $36.35. The stock has a market capitalization of $9.28 billion, a P/E ratio of -23.92 and a beta of 0.95. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.36 and a quick ratio of 0.36.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last issued its quarterly 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 company had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.52 billion. Frontier Communications Parent had a negative return on equity of 7.88% and a negative net margin of 6.40%.Frontier Communications Parent's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.49) earnings per share. As a group, equities analysts predict that Frontier Communications Parent, Inc. will post -1.11 earnings per share 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.