State of Alaska Department of Revenue Has $931,000 Stock Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

State of Alaska Department of Revenue boosted its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 2.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,973 shares of the company’s stock after purchasing an additional 705 shares during the quarter. State of Alaska Department of Revenue’s holdings in Frontier Communications Parent were worth $931,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in FYBR. Parallel Advisors LLC boosted its holdings in Frontier Communications Parent by 360.7% during the first quarter. Parallel Advisors LLC now owns 1,958 shares of the company’s stock valued at $70,000 after purchasing an additional 1,533 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Frontier Communications Parent in the 4th quarter valued at $76,000. UMB Bank n.a. grew its position in shares of Frontier Communications Parent by 113.9% during the 1st quarter. UMB Bank n.a. now owns 2,246 shares of the company’s stock worth $81,000 after buying an additional 1,196 shares during the period. Fifth Third Bancorp grew its stake in shares of Frontier Communications Parent by 15.4% during the first quarter. Fifth Third Bancorp now owns 2,424 shares of the company’s stock worth $87,000 after purchasing an additional 323 shares during the period. Finally, Whipplewood Advisors LLC grew its holdings in Frontier Communications Parent by 7,980.6% during the first quarter. Whipplewood Advisors LLC now owns 2,505 shares of the company’s stock valued at $90,000 after purchasing an additional 2,474 shares during the period.

Frontier Communications Parent Stock Down 0.0%

NASDAQ:FYBR opened at $36.32 on Friday. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 2.39. Frontier Communications Parent, Inc. has a 1 year low of $24.43 and a 1 year high of $39.21. The stock has a 50-day moving average price of $36.38 and a two-hundred day moving average price of $35.84. The stock has a market cap of $9.09 billion, a price-to-earnings ratio of -23.43 and a beta of 0.97.

Frontier Communications Parent (NASDAQ:FYBR) last posted its quarterly earnings data on Tuesday, April 29th. The company reported ($0.26) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.07. Frontier Communications Parent had a negative net margin of 6.47% and a negative return on equity of 7.73%. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.51 billion. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, equities analysts expect that Frontier Communications Parent, Inc. will post -1.11 earnings per share for the current year.

Frontier Communications Parent 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.