Frontier Communications Parent (NASDAQ:FYBR) Sets New 12-Month High - Here's What Happened

Key Points

• Frontier Communications Parent's share price hit a new 52-week high of $37.87 during trading, reflecting strong market performance.
• The company reported a quarterly earnings per share (EPS) of ($0.49), missing analyst expectations, though revenue grew by 4.0% year-over-year.
• Large investors have shown increasing interest, with several institutions boosting their positions in Frontier Communications Parent shares in recent quarters.

Frontier Communications Parent, Inc. (NASDAQ:FYBR - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The company traded as high as $37.87 and last traded at $37.38, with a volume of 253682 shares changing hands. The stock had previously closed at $37.41.

Frontier Communications Parent Price Performance

The firm has a market capitalization of $9.36 billion, a PE ratio of -24.12 and a beta of 0.94. The stock has a 50-day moving average price of $37.05 and a 200 day moving average price of $36.55. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 2.49.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.52 billion. During the same quarter last year, the firm earned ($0.49) earnings per share. The firm's quarterly revenue was up 4.0% compared to the same quarter last year. Equities analysts forecast that Frontier Communications Parent, Inc. will post -1.11 EPS for the current fiscal year.

Institutional Trading of Frontier Communications Parent

Large investors have recently made changes to their positions in the company. Intech Investment Management LLC increased its holdings in shares of Frontier Communications Parent by 1.1% in the 2nd quarter. Intech Investment Management LLC now owns 26,171 shares of the company's stock valued at $953,000 after acquiring an additional 286 shares during the last quarter. Savant Capital LLC boosted its position in shares of Frontier Communications Parent by 2.2% in the 2nd quarter. Savant Capital LLC now owns 14,267 shares of the company's stock valued at $519,000 after purchasing an additional 308 shares during the period. Jag Capital Management LLC boosted its position in shares of Frontier Communications Parent by 3.9% in the 1st quarter. Jag Capital Management LLC now owns 8,320 shares of the company's stock valued at $298,000 after purchasing an additional 311 shares during the period. QRG Capital Management Inc. boosted its position in shares of Frontier Communications Parent by 5.0% in the 2nd quarter. QRG Capital Management Inc. now owns 6,635 shares of the company's stock valued at $242,000 after purchasing an additional 317 shares during the period. Finally, Fifth Third Bancorp boosted its position in shares of 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 period.

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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