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

Tabor Asset Management LP acquired a new stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) during the first quarter, according to 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.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Frontier Communications Parent by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 24,277,017 shares of the company's stock worth $842,412,000 after purchasing an additional 303,545 shares in the last quarter. Norges Bank acquired a new position in Frontier Communications Parent in the fourth quarter valued at about $191,247,000. Tudor Investment Corp ET AL acquired a new position in Frontier Communications Parent in the fourth quarter valued at about $114,555,000. Adage Capital Partners GP L.L.C. lifted its stake in Frontier Communications Parent by 472.7% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 3,149,714 shares of the company's stock valued at $109,295,000 after buying an additional 2,599,714 shares during the period. Finally, Northern Trust Corp lifted its stake in Frontier Communications Parent by 24.9% in the fourth quarter. Northern Trust Corp now owns 2,078,942 shares of the company's stock valued at $72,139,000 after buying an additional 413,800 shares during the period.

Frontier Communications Parent Stock Up 0.0%

Shares of NASDAQ FYBR traded up $0.02 during mid-day trading on Monday, reaching $36.97. 441,825 shares of the company's stock were exchanged, compared to its average volume of 3,045,271. The firm has a market capitalization of $9.25 billion, a price-to-earnings ratio of -23.85 and a beta of 0.95. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 2.39. The business has a fifty day simple moving average of $36.47 and a 200 day simple moving average of $36.07. Frontier Communications Parent, Inc. has a twelve month low of $24.43 and a twelve month high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported ($0.26) EPS for the quarter, topping analysts' consensus estimates of ($0.33) by $0.07. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.51 billion. Frontier Communications Parent had a negative return on equity of 7.73% and a negative net margin of 6.47%. The business's quarterly revenue was up 3.5% on a year-over-year basis. As a group, equities analysts expect that Frontier Communications Parent, Inc. will post -1.11 EPS for the current fiscal 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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