Townsquare Capital LLC Invests $346,000 in Frontier Communications Parent, Inc. $FYBR

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Townsquare Capital LLC acquired a new position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,660 shares of the company's stock, valued at approximately $346,000.

Other large investors have also recently bought and sold shares of the company. LPL Financial LLC boosted its stake in shares of Frontier Communications Parent by 17.9% during the 4th quarter. LPL Financial LLC now owns 7,027 shares of the company's stock worth $244,000 after buying an additional 1,066 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Frontier Communications Parent by 37.9% during the fourth quarter. Russell Investments Group Ltd. now owns 5,091 shares of the company's stock valued at $177,000 after purchasing an additional 1,399 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Frontier Communications Parent during the fourth quarter valued at approximately $2,065,000. Mariner LLC boosted its position in Frontier Communications Parent by 0.8% during the fourth quarter. Mariner LLC now owns 37,731 shares of the company's stock valued at $1,309,000 after purchasing an additional 301 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its position in Frontier Communications Parent by 60.1% during the fourth quarter. Guggenheim Capital LLC now owns 25,858 shares of the company's stock valued at $897,000 after purchasing an additional 9,703 shares during the last quarter.

Frontier Communications Parent Trading Up 0.1%

NASDAQ FYBR opened at $37.13 on Tuesday. The company has a market cap of $9.29 billion, a PE ratio of -23.95 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. The stock has a 50 day moving average of $36.58 and a 200-day moving average of $36.25. Frontier Communications Parent, Inc. has a 12 month low of $27.67 and a 12 month high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported ($0.49) EPS for the quarter, missing analysts' consensus estimates of ($0.31) by ($0.18). Frontier Communications Parent had a negative net margin of 6.40% and a negative return on equity of 7.88%. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the prior year, the business earned ($0.49) EPS. The business's revenue was up 4.0% compared to the same quarter last year. On average, equities research analysts anticipate that Frontier Communications Parent, Inc. will post -1.11 EPS 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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