Frontier Communications Parent, Inc. (NASDAQ:FYBR) Shares Sold by XTX Topco Ltd

Key Points

• XTX Topco Ltd reduced its stake in Frontier Communications Parent, Inc. by 29.2%, holding 18,101 shares worth $649,000 at the end of the first quarter.
• Frontier Communications reported a loss of ($0.49) earnings per share for the most recent quarter, missing estimates by ($0.18).
• The company's market capitalization stands at $9.18 billion, with a 1-year trading range of $27.19 to $39.21.

XTX Topco Ltd trimmed its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 29.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,101 shares of the company's stock after selling 7,457 shares during the quarter. XTX Topco Ltd's holdings in Frontier Communications Parent were worth $649,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. LPL Financial LLC raised its position in Frontier Communications Parent by 17.9% in the fourth quarter. LPL Financial LLC now owns 7,027 shares of the company's stock worth $244,000 after acquiring an additional 1,066 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of Frontier Communications Parent by 29.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 13,012 shares of the company's stock worth $452,000 after purchasing an additional 2,985 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of Frontier Communications Parent during the fourth quarter worth $5,198,000. Franklin Resources Inc. increased its stake in Frontier Communications Parent by 615.2% in the fourth quarter. Franklin Resources Inc. now owns 322,281 shares of the company's stock valued at $11,183,000 after purchasing an additional 277,222 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted 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 worth $177,000 after buying an additional 1,399 shares during the period.

Frontier Communications Parent Trading Down 0.2%

FYBR traded down $0.09 during midday trading on Friday, hitting $36.58. The company's stock had a trading volume of 1,710,610 shares, compared to its average volume of 2,905,340. The firm has a market cap of $9.16 billion, a P/E ratio of -23.60 and a beta of 0.95. Frontier Communications Parent, Inc. has a 52-week low of $27.19 and a 52-week high of $39.21. 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 firm has a 50-day moving average price of $36.49 and a two-hundred day moving average price of $36.19.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.52 billion. During the same period in the prior year, the firm earned ($0.49) earnings per share. The firm's quarterly revenue was up 4.0% on a year-over-year basis. On average, research analysts anticipate that Frontier Communications Parent, Inc. will post -1.11 earnings per share 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.