Northern Trust Corp Acquires 39,872 Shares of Frontier Communications Parent, Inc. $FYBR

Key Points

• Northern Trust Corp increased its stake in Frontier Communications Parent, Inc. by 1.9% in the 1st quarter, owning 2,118,814 shares, which amounts to $75.98 million.
• Frontier Communications Parent reported earnings of ($0.49) per share for the last quarter, missing analyst estimates, though revenue increased by 4% year-over-year.
• The company's stock is currently trading at $36.94, with a market capitalization of $9.25 billion and notable debt-to-equity ratio of 2.49.

Northern Trust Corp boosted its position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 1.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,118,814 shares of the company's stock after purchasing an additional 39,872 shares during the period. Northern Trust Corp owned about 0.85% of Frontier Communications Parent worth $75,981,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in FYBR. LPL Financial LLC grew its holdings in Frontier Communications Parent by 17.9% during the 4th quarter. LPL Financial LLC now owns 7,027 shares of the company's stock valued at $244,000 after purchasing an additional 1,066 shares during the last quarter. Raymond James Financial Inc. bought a new position in Frontier Communications Parent during the 4th quarter valued at about $2,065,000. Tower Research Capital LLC TRC grew its holdings in Frontier Communications Parent by 150.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 15,082 shares of the company's stock valued at $523,000 after purchasing an additional 9,050 shares during the last quarter. Hsbc Holdings PLC grew its stake in Frontier Communications Parent by 180.9% in the 4th quarter. Hsbc Holdings PLC now owns 372,567 shares of the company's stock worth $12,946,000 after acquiring an additional 239,954 shares in the last quarter. Finally, Dark Forest Capital Management LP bought a new position in Frontier Communications Parent in the 4th quarter worth about $309,000.

Frontier Communications Parent Trading Down 0.1%

FYBR stock traded down $0.05 during mid-day trading on Friday, reaching $37.08. The company had a trading volume of 2,604,098 shares, compared to its average volume of 2,594,135. 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 has a market capitalization of $9.28 billion, a PE ratio of -23.92 and a beta of 0.95. The firm has a 50 day moving average of $36.73 and a 200 day moving average of $36.32. Frontier Communications Parent, Inc. has a 12 month low of $27.95 and a 12 month high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last issued 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). The company had revenue of $1.54 billion during 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%.Frontier Communications Parent's revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.49) earnings per share. On average, equities 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.