Invesco Ltd. Has $22.08 Million Stock Holdings in Frontier Communications Parent, Inc. $FYBR

Key Points

• Invesco Ltd. has decreased its stake in Frontier Communications Parent, Inc. by 6.5%, now owning 615,798 shares, valued at approximately $22 million.
• Other institutional investors have also adjusted their holdings, with Citigroup Inc. increasing its position by 53.2% to own 345,066 shares.
• Frontier Communications recently reported a quarterly earnings loss of ($0.49) EPS, missing the consensus estimate, despite revenue increasing to $1.54 billion.

Invesco Ltd. lessened its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 6.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 615,798 shares of the company's stock after selling 42,633 shares during the period. Invesco Ltd. owned 0.25% of Frontier Communications Parent worth $22,083,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Frontier Communications Parent by 0.3% in the first quarter. Vanguard Group Inc. now owns 24,354,812 shares of the company's stock worth $873,364,000 after purchasing an additional 77,795 shares during the period. Tudor Investment Corp ET AL bought a new position in Frontier Communications Parent in the fourth quarter worth $114,555,000. Adage Capital Partners GP L.L.C. lifted its position in Frontier Communications Parent by 472.7% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 3,149,714 shares of the company's stock worth $109,295,000 after purchasing an additional 2,599,714 shares during the period. Northern Trust Corp lifted its position in Frontier Communications Parent by 24.9% in the fourth quarter. Northern Trust Corp now owns 2,078,942 shares of the company's stock worth $72,139,000 after purchasing an additional 413,800 shares during the period. Finally, Aristeia Capital L.L.C. lifted its holdings in shares of Frontier Communications Parent by 152.4% during the fourth quarter. Aristeia Capital L.L.C. now owns 2,001,788 shares of the company's stock valued at $69,462,000 after acquiring an additional 1,208,699 shares during the period.

Frontier Communications Parent Trading Up 0.0%

FYBR stock traded up $0.01 during midday trading on Tuesday, reaching $36.92. The stock had a trading volume of 1,629,630 shares, compared to its average volume of 2,755,927. The business has a fifty day simple moving average of $36.68 and a two-hundred day simple moving average of $36.29. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 2.49. The firm has a market cap of $9.24 billion, a price-to-earnings ratio of -23.82 and a beta of 0.95. Frontier Communications Parent, Inc. has a twelve month low of $27.95 and a twelve month high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last posted its earnings results 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). 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 for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the previous year, the firm posted ($0.49) earnings per share. Frontier Communications Parent's quarterly revenue was up 4.0% compared to the same quarter last year. As a group, research analysts expect that Frontier Communications Parent, Inc. will post -1.11 EPS 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.