8,971 Shares in Frontier Communications Parent, Inc. $FYBR Bought by HighTower Advisors LLC

HighTower Advisors LLC acquired a new stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 8,971 shares of the company's stock, valued at approximately $322,000.

Other large investors have also bought and sold shares of the company. Parallel Advisors LLC boosted its position in Frontier Communications Parent by 360.7% during the 1st quarter. Parallel Advisors LLC now owns 1,958 shares of the company's stock valued at $70,000 after acquiring an additional 1,533 shares in the last quarter. Longfellow Investment Management Co. LLC purchased a new position in Frontier Communications Parent in the 1st quarter worth approximately $74,000. Lazard Asset Management LLC purchased a new position in Frontier Communications Parent in the 4th quarter worth approximately $76,000. UMB Bank n.a. grew its position in Frontier Communications Parent by 113.9% in 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 during the period. Finally, Fifth Third Bancorp grew its position in Frontier Communications Parent by 15.4% in 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 during the period.

Frontier Communications Parent Stock Performance

NASDAQ:FYBR traded up $0.06 during trading hours on Thursday, reaching $37.13. The company had a trading volume of 4,990,208 shares, compared to its average volume of 2,916,688. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 2.49. Frontier Communications Parent, Inc. has a 52 week low of $33.72 and a 52 week high of $37.23. The firm has a market cap of $9.29 billion, a price-to-earnings ratio of -23.95 and a beta of 0.95. The firm's 50 day moving average price is $36.78 and its 200-day moving average price is $36.35.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported ($0.49) EPS 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 company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period last year, the firm posted ($0.49) EPS. The company's revenue for the quarter was up 4.0% on a year-over-year basis. On average, analysts forecast that Frontier Communications Parent, Inc. will post -1.11 EPS 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.