Charles Schwab Investment Management Inc. Sells 2,576 Shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Charles Schwab Investment Management Inc. reduced its stake in shares of Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 0.1% in the first quarter, HoldingsChannel.com reports. The fund owned 2,320,627 shares of the company’s stock after selling 2,576 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Frontier Communications Parent were worth $83,218,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Frontier Communications Parent by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 24,354,812 shares of the company’s stock worth $873,364,000 after acquiring an additional 77,795 shares during the last quarter. R Squared Ltd lifted its stake in Frontier Communications Parent by 485.3% in the first quarter. R Squared Ltd now owns 61,160 shares of the company’s stock worth $2,193,000 after purchasing an additional 50,710 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Frontier Communications Parent by 7.1% in the first quarter. PNC Financial Services Group Inc. now owns 8,417 shares of the company’s stock worth $302,000 after purchasing an additional 560 shares during the last quarter. US Bancorp DE lifted its stake in Frontier Communications Parent by 5.8% in the first quarter. US Bancorp DE now owns 8,223 shares of the company’s stock worth $295,000 after purchasing an additional 450 shares during the last quarter. Finally, Alpine Associates Management Inc. lifted its stake in Frontier Communications Parent by 53.9% in the first quarter. Alpine Associates Management Inc. now owns 1,604,844 shares of the company’s stock worth $57,550,000 after purchasing an additional 562,214 shares during the last quarter.

Frontier Communications Parent Stock Performance

Frontier Communications Parent stock opened at $37.08 on Thursday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 2.49. The company has a market capitalization of $9.28 billion, a PE ratio of -23.92 and a beta of 0.95. The firm has a fifty day simple moving average of $36.53 and a two-hundred day simple moving average of $36.22. Frontier Communications Parent, Inc. has a twelve month low of $27.60 and a twelve month high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR) last posted its quarterly earnings results on Tuesday, July 29th. The company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.18). The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. Frontier Communications Parent had a negative return on equity of 7.88% and a negative net margin of 6.40%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.49) earnings per share. Research analysts expect that Frontier Communications Parent, Inc. will post -1.11 EPS 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.