Tabor Asset Management LP Buys New Stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Tabor Asset Management LP purchased a new stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 57,700 shares of the company's stock, valued at approximately $2,069,000.

Several other large investors also recently added to or reduced their stakes in the company. Mariner LLC raised its position in Frontier Communications Parent by 0.8% in the fourth quarter. Mariner LLC now owns 37,731 shares of the company's stock worth $1,309,000 after purchasing an additional 301 shares in the last quarter. Jag Capital Management LLC lifted its holdings in shares of Frontier Communications Parent by 3.9% during the 1st quarter. Jag Capital Management LLC now owns 8,320 shares of the company's stock worth $298,000 after acquiring an additional 311 shares during the period. Fifth Third Bancorp lifted its stake in Frontier Communications Parent by 15.4% in 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 during the last quarter. Xponance Inc. raised its stake in shares of Frontier Communications Parent by 1.3% during the first quarter. Xponance Inc. now owns 26,712 shares of the company's stock valued at $958,000 after acquiring an additional 333 shares during the last quarter. Finally, Vident Advisory LLC raised its stake in Frontier Communications Parent by 3.8% during the fourth quarter. Vident Advisory LLC now owns 10,726 shares of the company's stock worth $372,000 after buying an additional 390 shares during the last quarter.

Frontier Communications Parent Stock Up 0.1%

FYBR stock traded up $0.03 during trading on Monday, reaching $36.98. The stock had a trading volume of 806,211 shares, compared to its average volume of 3,046,117. Frontier Communications Parent, Inc. has a one year low of $24.43 and a one year high of $39.21. The company's 50 day moving average is $36.47 and its two-hundred day moving average is $36.07. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 2.39. The company has a market capitalization of $9.25 billion, a price-to-earnings ratio of -23.85 and a beta of 0.95.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported ($0.26) earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.51 billion. The firm's quarterly revenue was up 3.5% compared to the same quarter last year. Equities research analysts forecast that Frontier Communications Parent, Inc. will post -1.11 EPS for the current 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.