Slotnik Capital LLC Buys 149,965 Shares of Frontier Communications Parent, Inc. $FYBR

Key Points

• Slotnik Capital LLC increased its stake in Frontier Communications Parent by 14.8%, owning 1,166,000 shares after purchasing an additional 149,965 shares in the first quarter.
• Frontier Communications Parent reported an earnings per share (EPS) of ($0.49), missing analysts' expectations of ($0.31), despite revenue increasing by 4.0% from the previous year.
• The company's market capitalization stands at $9.34 billion with a current share price of $37.30, marking a slight increase of 0.1%.

Slotnik Capital LLC lifted its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 14.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,166,000 shares of the company's stock after buying an additional 149,965 shares during the quarter. Frontier Communications Parent makes up approximately 20.2% of Slotnik Capital LLC's portfolio, making the stock its biggest position. Slotnik Capital LLC owned 0.47% of Frontier Communications Parent worth $41,813,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets acquired a new position in Frontier Communications Parent during the 4th quarter worth approximately $970,000. Bank of America Corp DE lifted its position in shares of Frontier Communications Parent by 38.7% during the 4th quarter. Bank of America Corp DE now owns 358,586 shares of the company's stock worth $12,443,000 after purchasing an additional 100,099 shares during the last quarter. Ethic Inc. grew its stake in shares of Frontier Communications Parent by 74.3% during the fourth quarter. Ethic Inc. now owns 25,535 shares of the company's stock worth $886,000 after purchasing an additional 10,885 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Frontier Communications Parent by 4.4% in the fourth quarter. Janus Henderson Group PLC now owns 89,532 shares of the company's stock valued at $3,109,000 after buying an additional 3,800 shares during the last quarter. Finally, Lighthouse Investment Partners LLC increased its holdings in Frontier Communications Parent by 109.1% in the fourth quarter. Lighthouse Investment Partners LLC now owns 144,596 shares of the company's stock valued at $5,017,000 after buying an additional 75,446 shares during the last quarter.

Frontier Communications Parent Stock Up 0.1%

Shares of NASDAQ FYBR opened at $37.30 on Tuesday. The business has a 50-day moving average of $36.83 and a two-hundred day moving average of $36.38. The company has a market capitalization of $9.34 billion, a price-to-earnings ratio of -24.06 and a beta of 0.95. Frontier Communications Parent, Inc. has a 1 year low of $33.72 and a 1 year high of $37.35. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.36 and a quick ratio of 0.36.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported ($0.49) EPS for the quarter, missing analysts' consensus estimates of ($0.31) by ($0.18). The business had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.52 billion. Frontier Communications Parent had a negative net margin of 6.40% and a negative return on equity of 7.88%. The company's revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.49) EPS. On average, analysts forecast that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current fiscal 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.

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