Kintayl Capital LP Acquires Shares of 89,508 Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Kintayl Capital LP bought a new position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 89,508 shares of the company's stock, valued at approximately $3,210,000. Frontier Communications Parent comprises approximately 2.3% of Kintayl Capital LP's investment portfolio, making the stock its 16th largest holding.

Several other institutional investors have also recently made changes to their positions in the business. Parallel Advisors LLC grew its position in shares of Frontier Communications Parent by 360.7% in the first quarter. Parallel Advisors LLC now owns 1,958 shares of the company's stock valued at $70,000 after purchasing an additional 1,533 shares during the period. Lazard Asset Management LLC purchased a new position in shares of Frontier Communications Parent in the fourth quarter worth about $76,000. UMB Bank n.a. lifted its stake in shares of Frontier Communications Parent by 113.9% in the first 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. Fifth Third Bancorp lifted its stake in shares of Frontier Communications Parent by 15.4% in the first quarter. Fifth Third Bancorp now owns 2,424 shares of the company's stock worth $87,000 after buying an additional 323 shares in the last quarter. Finally, Whipplewood Advisors LLC lifted its stake in shares of Frontier Communications Parent by 7,980.6% in the first quarter. Whipplewood Advisors LLC now owns 2,505 shares of the company's stock worth $90,000 after buying an additional 2,474 shares in the last quarter.

Frontier Communications Parent Price Performance

NASDAQ:FYBR traded up $0.07 on Friday, hitting $36.95. The stock had a trading volume of 2,583,688 shares, compared to its average volume of 3,055,019. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.42 and a current ratio of 0.42. The company has a fifty day moving average price of $36.47 and a two-hundred day moving average price of $36.05. Frontier Communications Parent, Inc. has a 1-year low of $24.43 and a 1-year high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported ($0.26) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.33) by $0.07. Frontier Communications Parent had a negative net margin of 6.47% and a negative return on equity of 7.73%. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.51 billion. Frontier Communications Parent's revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, equities research analysts predict that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current year.

Frontier Communications Parent Company 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.