R Squared Ltd Has $2.19 Million Stock Holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Key Points

• R Squared Ltd increased its stake in Frontier Communications Parent, Inc. by 485.3%, acquiring an additional 50,710 shares during the first quarter, making it the fund's largest position with a total of 61,160 shares.
• Frontier Communications reported a quarterly EPS of ($0.49), missing analysts' estimates, but showed a 4.0% year-over-year increase in revenue, totaling $1.54 billion.
• The company has a market cap of $9.16 billion and is currently trading at $36.60, with a 1-year high of $39.21 and a low of $24.43.

R Squared Ltd raised its holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 485.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,160 shares of the company's stock after buying an additional 50,710 shares during the quarter. Frontier Communications Parent accounts for approximately 2.3% of R Squared Ltd's holdings, making the stock its biggest holding. R Squared Ltd's holdings in Frontier Communications Parent were worth $2,193,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LPL Financial LLC lifted its position in Frontier Communications Parent by 17.9% during the 4th quarter. LPL Financial LLC now owns 7,027 shares of the company's stock worth $244,000 after buying an additional 1,066 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in Frontier Communications Parent by 17.3% during the 4th quarter. Pictet Asset Management Holding SA now owns 33,144 shares of the company's stock valued at $1,150,000 after purchasing an additional 4,885 shares during the period. O Shaughnessy Asset Management LLC lifted its position in Frontier Communications Parent by 29.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 13,012 shares of the company's stock valued at $452,000 after purchasing an additional 2,985 shares during the period. Wellington Management Group LLP acquired a new position in Frontier Communications Parent during the 4th quarter valued at about $5,198,000. Finally, Alliancebernstein L.P. lifted its position in Frontier Communications Parent by 411.3% during the 4th quarter. Alliancebernstein L.P. now owns 1,560,375 shares of the company's stock valued at $54,145,000 after purchasing an additional 1,255,180 shares during the period.

Frontier Communications Parent Trading Up 0.3%

Frontier Communications Parent stock traded up $0.10 during trading hours on Wednesday, reaching $36.69. 1,584,669 shares of the company's stock traded hands, compared to its average volume of 2,918,177. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.36 and a current ratio of 0.36. Frontier Communications Parent, Inc. has a fifty-two week low of $27.19 and a fifty-two week high of $39.21. The firm has a market capitalization of $9.18 billion, a price-to-earnings ratio of -23.67 and a beta of 0.95. The firm's 50 day moving average is $36.49 and its 200-day moving average is $36.18.

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 analysts' consensus estimates 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 business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the previous year, the company posted ($0.49) earnings per share. Frontier Communications Parent's revenue for the quarter was up 4.0% compared to the same quarter last year. On average, analysts predict that Frontier Communications Parent, Inc. will post -1.11 earnings per share 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.