Tabor Asset Management LP Invests $2.07 Million in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Tabor Asset Management LP acquired a new stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 57,700 shares of the company's stock, valued at approximately $2,069,000.

Several other large investors also recently bought and sold shares of FYBR. Vanguard Group Inc. boosted its holdings in shares of Frontier Communications Parent by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 24,277,017 shares of the company's stock valued at $842,412,000 after buying an additional 303,545 shares in the last quarter. Norges Bank purchased a new position in Frontier Communications Parent during the 4th quarter worth $191,247,000. Tudor Investment Corp ET AL purchased a new position in Frontier Communications Parent during the 4th quarter worth $114,555,000. Adage Capital Partners GP L.L.C. grew its position in Frontier Communications Parent by 472.7% during 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 purchasing an additional 2,599,714 shares during the last quarter. Finally, Northern Trust Corp grew its position in Frontier Communications Parent by 24.9% during the 4th quarter. Northern Trust Corp now owns 2,078,942 shares of the company's stock worth $72,139,000 after purchasing an additional 413,800 shares during the last quarter.

Frontier Communications Parent Stock Performance

Frontier Communications Parent stock traded up $0.06 during midday trading on Friday, hitting $36.94. 809,223 shares of the company's stock were exchanged, compared to its average volume of 3,032,579. Frontier Communications Parent, Inc. has a 12-month low of $24.43 and a 12-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 stock has a market cap of $9.24 billion, a price-to-earnings ratio of -23.84 and a beta of 0.95. The firm's 50 day simple moving average is $36.47 and its 200 day simple moving average is $36.03.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported ($0.26) EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $1.51 billion. The company's revenue for the quarter was up 3.5% compared to the same quarter last year. Equities research analysts predict 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.

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