Headlands Technologies LLC Raises Stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Key Points

• Headlands Technologies LLC significantly increased its stake in Frontier Communications Parent, Inc. by 821.2% in Q1, acquiring an additional 108,869 shares, bringing its total holdings to 122,127 shares valued at approximately $4.38 million.
• In Q2, Frontier Communications reported a loss of ($0.49) earnings per share, which was below analysts' expectations of ($0.31), despite generating $1.54 billion in revenue, exceeding anticipated figures.
• The company's stock has a market cap of $9.18 billion and has fluctuated between a 12-month low of $27.19 and a high of $39.21.

Headlands Technologies LLC boosted its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 821.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,127 shares of the company's stock after buying an additional 108,869 shares during the quarter. Headlands Technologies LLC's holdings in Frontier Communications Parent were worth $4,379,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FYBR. Wealth Enhancement Advisory Services LLC grew its position in Frontier Communications Parent by 23.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,302 shares of the company's stock worth $334,000 after purchasing an additional 1,755 shares during the last quarter. CSS LLC IL purchased a new position in Frontier Communications Parent during the fourth quarter worth about $392,000. Tabor Asset Management LP purchased a new position in shares of Frontier Communications Parent in the first quarter valued at approximately $2,069,000. Hudson Bay Capital Management LP boosted its stake in shares of Frontier Communications Parent by 60.6% in the fourth quarter. Hudson Bay Capital Management LP now owns 532,999 shares of the company's stock valued at $18,495,000 after purchasing an additional 201,047 shares during the period. Finally, BNP Paribas Financial Markets acquired a new stake in Frontier Communications Parent in the fourth quarter valued at approximately $970,000.

Frontier Communications Parent Stock Up 0.1%

FYBR stock traded up $0.03 during midday trading on Monday, reaching $36.61. 858,332 shares of the company were exchanged, compared to its average volume of 2,891,522. The stock's 50-day simple moving average is $36.50 and its 200 day simple moving average is $36.20. The company has a market cap of $9.16 billion, a price-to-earnings ratio of -23.62 and a beta of 0.95. Frontier Communications Parent, Inc. has a 1-year low of $27.19 and a 1-year high of $39.21. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.36 and a current ratio of 0.36.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $1.54 billion during 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 business's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.49) earnings per share. On average, equities analysts forecast that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current 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.