Headlands Technologies LLC Acquires 108,869 Shares of 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 increased its holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 821.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 122,127 shares of the company's stock after acquiring 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 filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Mariner LLC boosted its position in Frontier Communications Parent by 0.8% during the 4th quarter. Mariner LLC now owns 37,731 shares of the company's stock valued at $1,309,000 after acquiring an additional 301 shares in the last quarter. Jag Capital Management LLC lifted its stake 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 purchasing an additional 311 shares during the period. Fifth Third Bancorp boosted its position in shares of Frontier Communications Parent by 15.4% during the first 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 position in shares of Frontier Communications Parent by 1.3% during the first quarter. Xponance Inc. now owns 26,712 shares of the company's stock valued at $958,000 after purchasing an additional 333 shares in the last quarter. Finally, Vident Advisory LLC grew its stake in Frontier Communications Parent by 3.8% in the fourth quarter. Vident Advisory LLC now owns 10,726 shares of the company's stock worth $372,000 after purchasing an additional 390 shares during the period.

Frontier Communications Parent Price Performance

FYBR opened at $36.69 on Thursday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 2.49. The company has a market cap of $9.18 billion, a price-to-earnings ratio of -23.67 and a beta of 0.95. The stock has a fifty day simple moving average of $36.49 and a two-hundred day simple moving average of $36.18. Frontier Communications Parent, Inc. has a 12-month low of $27.19 and a 12-month high of $39.21.

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 for the quarter, missing analysts' consensus estimates of ($0.31) by ($0.18). Frontier Communications Parent had a negative return on equity of 7.88% and a negative net margin of 6.40%. The business had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.52 billion. During the same period in the prior year, the company earned ($0.49) earnings per share. The firm's quarterly revenue was up 4.0% compared to the same quarter last year. Research analysts predict 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.

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