XTX Topco Ltd Trims Holdings in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

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 position in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR - Free Report) by 29.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,101 shares of the company's stock after selling 7,457 shares during the period. XTX Topco Ltd's holdings in Frontier Communications Parent were worth $649,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in FYBR. LPL Financial LLC increased its stake in shares of Frontier Communications Parent by 17.9% during the fourth 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 period. O Shaughnessy Asset Management LLC increased its stake in Frontier Communications Parent by 29.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 13,012 shares of the company's stock valued at $452,000 after purchasing an additional 2,985 shares during the last quarter. Wellington Management Group LLP purchased a new position in Frontier Communications Parent in the fourth quarter valued at approximately $5,198,000. Franklin Resources Inc. raised its holdings in Frontier Communications Parent by 615.2% during the fourth quarter. Franklin Resources Inc. now owns 322,281 shares of the company's stock worth $11,183,000 after purchasing an additional 277,222 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Frontier Communications Parent by 37.9% during the 4th 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 last quarter.

Frontier Communications Parent Stock Down 0.2%

Shares of NASDAQ FYBR traded down $0.09 during mid-day trading on Friday, reaching $36.58. The company had a trading volume of 1,710,610 shares, compared to its average volume of 2,673,967. The firm has a 50 day simple moving average of $36.50 and a two-hundred day simple moving average of $36.19. 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 stock has a market cap of $9.16 billion, a P/E ratio of -23.60 and a beta of 0.95.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last issued 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 return on equity of 7.88% and a negative net margin of 6.40%. The firm had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.52 billion. During the same period in the previous year, the business posted ($0.49) EPS. The business's revenue for the quarter was up 4.0% compared to the same quarter last year. Sell-side analysts predict that Frontier Communications Parent, Inc. will post -1.11 earnings per share 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.