Quantbot Technologies LP Acquires Shares of 208,060 Frontier Communications Parent, Inc. $FYBR

Key Points

• Quantbot Technologies LP has made a new investment of approximately $7.46 million in Frontier Communications Parent, acquiring 208,060 shares during the first quarter.
• Other significant institutional investors, such as Brooklyn Investment Group and Parallel Advisors LLC, have also increased their stakes in Frontier Communications, indicating growing interest in the company.
• Frontier Communications reported a negative earnings per share (EPS) of ($0.49) for the last quarter, missing the consensus estimate, but revenue saw a 4% year-over-year increase.

Quantbot Technologies LP 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 208,060 shares of the company's stock, valued at approximately $7,461,000. Quantbot Technologies LP owned approximately 0.08% of Frontier Communications Parent as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in FYBR. Tudor Investment Corp ET AL acquired a new position in Frontier Communications Parent in the 4th quarter valued at approximately $114,555,000. Adage Capital Partners GP L.L.C. raised its holdings in shares of Frontier Communications Parent by 472.7% in the 4th 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 position in shares of Frontier Communications Parent in the 4th quarter worth approximately $51,179,000. Readystate Asset Management LP acquired a new position in shares of Frontier Communications Parent in the 1st quarter worth approximately $50,082,000. Finally, Fort Baker Capital Management LP acquired a new position in shares of Frontier Communications Parent in the 4th quarter worth approximately $42,037,000.

Frontier Communications Parent Price Performance

Shares of FYBR traded down $0.06 during mid-day trading on Thursday, reaching $36.89. The company had a trading volume of 2,288,296 shares, compared to its average volume of 2,928,226. Frontier Communications Parent, Inc. has a twelve month low of $27.67 and a twelve month high of $39.21. 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 $36.62 and its 200-day moving average is $36.26. The company has a market capitalization of $9.23 billion, a P/E ratio of -23.80 and a beta of 0.95.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported ($0.49) earnings per share (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 analyst estimates 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 company's quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the company posted ($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.