Vanguard Group Inc. Purchases 77,795 Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Vanguard Group Inc. boosted its position in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 0.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 24,354,812 shares of the company’s stock after acquiring an additional 77,795 shares during the period. Vanguard Group Inc. owned 9.73% of Frontier Communications Parent worth $873,364,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in FYBR. Parallel Advisors LLC grew its holdings in Frontier Communications Parent by 360.7% during the 1st quarter. Parallel Advisors LLC now owns 1,958 shares of the company’s stock valued at $70,000 after buying an additional 1,533 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in Frontier Communications Parent in the fourth quarter worth approximately $76,000. UMB Bank n.a. boosted its stake in Frontier Communications Parent by 113.9% in the first 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 in the last quarter. Fifth Third Bancorp boosted its stake in Frontier Communications Parent by 15.4% in the first quarter. Fifth Third Bancorp now owns 2,424 shares of the company’s stock worth $87,000 after buying an additional 323 shares in the last quarter. Finally, Whipplewood Advisors LLC boosted its stake in Frontier Communications Parent by 7,980.6% in the first quarter. Whipplewood Advisors LLC now owns 2,505 shares of the company’s stock worth $90,000 after buying an additional 2,474 shares in the last quarter.

Frontier Communications Parent Stock Performance

NASDAQ:FYBR opened at $36.63 on Tuesday. The firm has a market cap of $9.17 billion, a PE ratio of -23.63 and a beta of 0.95. Frontier Communications Parent, Inc. has a fifty-two week low of $27.19 and a fifty-two week high of $39.21. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.36 and a current ratio of 0.36. The business has a 50 day moving average price of $36.51 and a 200-day moving average price of $36.20.

Frontier Communications Parent (NASDAQ:FYBR) last announced its 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). The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.52 billion. Frontier Communications Parent had a negative net margin of 6.40% and a negative return on equity of 7.88%. Frontier Communications Parent’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.49) EPS. Equities research analysts predict 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.