Strs Ohio Buys New Position in Frontier Communications Parent, Inc. $FYBR

Key Points

• Strs Ohio has invested approximately $1.21 million in Frontier Communications Parent, acquiring 33,849 shares during the first quarter.
• Several other institutional investors have also significantly increased their investments in Frontier, with Pentwater Capital Management acquiring a new stake worth $161.37 million.
• Frontier Communications reported a loss of $0.49 earnings per share for the last quarter, missing estimates and reflecting a negative return on equity of 7.88%.

Strs Ohio acquired a new stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 33,849 shares of the company's stock, valued at approximately $1,214,000.

Other large investors also recently bought and sold shares of the company. Jag Capital Management LLC raised its position in Frontier Communications Parent by 3.9% during the 1st quarter. Jag Capital Management LLC now owns 8,320 shares of the company's stock valued at $298,000 after purchasing an additional 311 shares in the last quarter. Fifth Third Bancorp raised its position in Frontier Communications Parent by 15.4% during the 1st quarter. Fifth Third Bancorp now owns 2,424 shares of the company's stock valued at $87,000 after purchasing an additional 323 shares in the last quarter. Xponance Inc. raised its position in Frontier Communications Parent by 1.3% during the 1st quarter. Xponance Inc. now owns 26,712 shares of the company's stock valued at $958,000 after purchasing an additional 333 shares in the last quarter. Brooklyn Investment Group raised its position in Frontier Communications Parent by 46.1% during the 1st quarter. Brooklyn Investment Group now owns 1,137 shares of the company's stock valued at $41,000 after purchasing an additional 359 shares in the last quarter. Finally, Vident Advisory LLC raised its position in shares of Frontier Communications Parent by 3.8% in the 4th quarter. Vident Advisory LLC now owns 10,726 shares of the company's stock worth $372,000 after acquiring an additional 390 shares in the last quarter.

Frontier Communications Parent Stock Down 0.3%

Shares of FYBR traded down $0.13 during trading hours on Friday, hitting $37.20. The company had a trading volume of 9,285,197 shares, compared to its average volume of 3,595,043. The company has a market capitalization of $9.31 billion, a PE ratio of -24.00 and a beta of 0.95. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 2.49. Frontier Communications Parent, Inc. has a one year low of $33.72 and a one year high of $37.81. The company's fifty day moving average price is $36.98 and its two-hundred day moving average price is $36.48.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported ($0.49) EPS for the quarter, missing the consensus estimate 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%.The company's revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.49) earnings per share. As a group, equities analysts forecast 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.