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Oak Thistle LLC Has $953,000 Holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Frontier Communications Parent logo with Computer and Technology background

Oak Thistle LLC grew its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 62.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,589 shares of the company's stock after purchasing an additional 10,250 shares during the quarter. Oak Thistle LLC's holdings in Frontier Communications Parent were worth $953,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank acquired a new stake in Frontier Communications Parent during the fourth quarter worth $191,247,000. Tudor Investment Corp ET AL acquired a new stake in Frontier Communications Parent during the fourth quarter worth $114,555,000. Adage Capital Partners GP L.L.C. boosted its stake in Frontier Communications Parent by 472.7% during 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 buying an additional 2,599,714 shares in the last quarter. Sona Asset Management US LLC acquired a new stake in Frontier Communications Parent during the fourth quarter worth $51,179,000. Finally, FIL Ltd acquired a new stake in Frontier Communications Parent during the fourth quarter worth $49,228,000.

Frontier Communications Parent Price Performance

Shares of NASDAQ:FYBR traded down $0.22 on Thursday, hitting $36.73. The stock had a trading volume of 7,883,783 shares, compared to its average volume of 2,120,784. Frontier Communications Parent, Inc. has a twelve month low of $24.43 and a twelve month high of $39.21. 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 firm's 50 day moving average price is $36.50 and its 200-day moving average price is $36.10. The company has a market capitalization of $9.19 billion, a price-to-earnings ratio of -23.70 and a beta of 0.95.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported ($0.26) EPS for the quarter, beating the consensus estimate 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 company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.51 billion. The company's quarterly revenue was up 3.5% compared to the same quarter last year. On average, 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

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Frontier Communications Parent (NASDAQ:FYBR)

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