11,456 Shares in Frontier Communications Parent, Inc. $FYBR Bought by Ieq Capital LLC

Key Points

• Ieq Capital LLC acquired a new stake of 11,456 shares in Frontier Communications Parent, Inc. valued at approximately $411,000 in the first quarter.
• Institutional investors like Jag Capital Management LLC and Fifth Third Bancorp have also increased their holdings in Frontier Communications, reflecting growing investor interest.
• Frontier Communications reported a quarterly EPS of ($0.49), missing expectations, while revenue showed a modest 4.0% year-over-year increase.

Ieq Capital LLC purchased a new stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,456 shares of the company's stock, valued at approximately $411,000.

Other large investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group raised its holdings 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 in the last quarter. Parallel Advisors LLC raised its holdings in shares of Frontier Communications Parent by 360.7% in the 1st quarter. Parallel Advisors LLC now owns 1,958 shares of the company's stock worth $70,000 after buying an additional 1,533 shares in the last quarter. Longfellow Investment Management Co. LLC acquired a new position in shares of Frontier Communications Parent in the 1st quarter worth approximately $74,000. Lazard Asset Management LLC acquired a new position in shares of Frontier Communications Parent in the 4th quarter worth approximately $76,000. Finally, UMB Bank n.a. raised its holdings in shares of 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 buying an additional 1,196 shares in the last quarter.

Frontier Communications Parent Price Performance

Shares of FYBR traded up $0.13 during mid-day trading on Friday, reaching $37.26. The company had a trading volume of 5,829,823 shares, compared to its average volume of 2,868,360. Frontier Communications Parent, Inc. has a twelve month low of $33.72 and a twelve month high of $37.26. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.36 and a quick ratio of 0.36. The company's 50-day moving average is $36.81 and its 200-day moving average is $36.37. The company has a market capitalization of $9.33 billion, a P/E ratio of -24.04 and a beta of 0.95.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last released its quarterly 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). The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate 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 firm's revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.49) earnings per share. On average, equities analysts anticipate 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.